H. J. Res. 31—303 
of each international financial institution to seek to require that 
such institution adopts and implements a publicly available policy, 
including the strategic use of peer reviews and external experts, 
to conduct independent, in-depth evaluations of the effectiveness 
of at least 25 percent of all loans, grants, programs, and significant 
analytical non-lending activities in advancing the institution’s goals 
of reducing poverty and promoting equitable economic growth, con-
sistent with relevant safeguards, to ensure that decisions to support 
such loans, grants, programs, and activities are based on accurate 
data and objective analysis: Provided, That not later than 45 days 
after enactment of this Act, the Secretary shall submit a report 
to the Committees on Appropriations on steps taken in fiscal year 
2018 by the United States executive directors and the international 
financial institutions consistent with this subsection compared to 
the previous fiscal year. 
(b) SAFEGUARDS.— 
(1) The Secretary of the Treasury shall instruct the United 
States Executive Director of the International Bank for 
Reconstruction 
and 
Development 
and 
the 
International 
Development Association to vote against any loan, grant, policy, 
or strategy if such institution has adopted and is implementing 
any social or environmental safeguard relevant to such loan, 
grant, policy, or strategy that provides less protection than 
World Bank safeguards in effect on September 30, 2015. 
(2) The Secretary of the Treasury should instruct the 
United States executive director of each international financial 
institution to vote against loans or other financing for projects 
unless such projects— 
(A) provide for accountability and transparency, 
including the collection, verification and publication of 
beneficial ownership information related to extractive 
industries and on-site monitoring during the life of the 
project; 
(B) will be developed and carried out in accordance 
with best practices regarding environmental conservation; 
cultural protection; and empowerment of local populations, 
including free, prior and informed consent of affected 
indigenous communities; 
(C) do not provide incentives for, or facilitate, forced 
displacement; and 
(D) do not partner with or otherwise involve enterprises 
owned or controlled by the armed forces. 
(c) COMPENSATION.—None of the funds appropriated under title 
V of this Act may be made as payment to any international financial 
institution while the United States executive director to such 
institution is compensated by the institution at a rate which, 
together with whatever compensation such executive director 
receives from the United States, is in excess of the rate provided 
for an individual occupying a position at level IV of the Executive 
Schedule under section 5315 of title 5, United States Code, or 
while any alternate United States executive director to such institu-
tion is compensated by the institution at a rate in excess of the 
rate provided for an individual occupying a position at level V 
of the Executive Schedule under section 5316 of title 5, United 
States Code. 
(d) HUMAN RIGHTS.—The Secretary of the Treasury shall 
instruct the United States executive director of each international
H. J. Res. 31—304 
financial institution to promote human rights due diligence and 
risk management, as appropriate, in connection with any loan, 
grant, policy, or strategy of such institution in accordance with 
the criteria specified under this subsection in Senate Report 115– 
282: Provided, That prior to voting on any such loan, grant, policy, 
or strategy the executive director shall consult with the Assistant 
Secretary for Democracy, Human Rights, and Labor, Department 
of State, if the executive director has reason to believe that such 
loan, grant, policy, or strategy could result in forced displacement 
or other violation of human rights. 
(e) FRAUD AND CORRUPTION.—The Secretary of the Treasury 
shall instruct the United States executive director of each inter-
national financial institution to promote in loan, grant, and other 
financing agreements improvements in borrowing countries’ finan-
cial management and judicial capacity to investigate, prosecute, 
and punish fraud and corruption. 
(f) BENEFICIAL OWNERSHIP INFORMATION.—The Secretary of the 
Treasury shall instruct the United States executive director of 
each international financial institution to seek to require that such 
institution collects, verifies, and publishes, to the maximum extent 
practicable, beneficial ownership information (excluding proprietary 
information) for any corporation or limited liability company, other 
than a publicly listed company, that receives funds from any such 
financial institution: Provided, That not later than 45 days after 
enactment of this Act, the Secretary shall submit a report to the 
Committees on Appropriations on steps taken in fiscal year 2018 
by the United States executive directors and the international finan-
cial institutions consistent with this subsection compared to the 
previous fiscal year. 
(g) WHISTLEBLOWER
PROTECTIONS.—The Secretary of the 
Treasury shall instruct the United States executive director of 
each international financial institution to seek to require that each 
such institution is effectively implementing and enforcing policies 
and procedures which reflect best practices for the protection of 
whistleblowers from retaliation, including best practices for— 
(1) protection against retaliation for internal and lawful 
public disclosure; 
(2) legal burdens of proof; 
(3) statutes of limitation for reporting retaliation; 
(4) access to independent adjudicative bodies, including 
external arbitration; and 
(5) results that eliminate the effects of proven retaliation. 
DEBT-FOR-DEVELOPMENT 
SEC. 7030. In order to enhance the continued participation 
of nongovernmental organizations in debt-for-development and debt- 
for-nature exchanges, a nongovernmental organization which is a 
grantee or contractor of the United States Agency for International 
Development may place in interest bearing accounts local currencies 
which accrue to that organization as a result of economic assistance 
provided under title III of this Act and, subject to the regular 
notification procedures of the Committees on Appropriations, any 
interest earned on such investment shall be used for the purpose 
for which the assistance was provided to that organization.
H. J. Res. 31—305 
FINANCIAL MANAGEMENT AND BUDGET TRANSPARENCY 
SEC. 7031. (a) LIMITATION ON DIRECT GOVERNMENT-TO-GOVERN-
MENT ASSISTANCE.— 
(1) REQUIREMENTS.—Funds appropriated by this Act may 
be made available for direct government-to-government assist-
ance only if— 
(A)(i) each implementing agency or ministry to receive 
assistance has been assessed and is considered to have 
the systems required to manage such assistance and any 
identified vulnerabilities or weaknesses of such agency or 
ministry have been addressed; 
(ii) the recipient agency or ministry employs and uti-
lizes staff with the necessary technical, financial, and 
management capabilities; 
(iii) the recipient agency or ministry has adopted 
competitive procurement policies and systems; 
(iv) effective monitoring and evaluation systems are 
in place to ensure that such assistance is used for its 
intended purposes; 
(v) no level of acceptable fraud is assumed; and 
(vi) the government of the recipient country is taking 
steps to publicly disclose on an annual basis its national 
budget, to include income and expenditures; 
(B) the recipient government is in compliance with 
the principles set forth in section 7013 of this Act; 
(C) the recipient agency or ministry is not headed 
or controlled by an organization designated as a foreign 
terrorist organization under section 219 of the Immigration 
and Nationality Act (8 U.S.C. 1189); 
(D) the Government of the United States and the 
government of the recipient country have agreed, in 
writing, on clear and achievable objectives for the use of 
such assistance, which should be made available on a cost- 
reimbursable basis; and 
(E) the recipient government is taking steps to protect 
the rights of civil society, including freedoms of expression, 
association, and assembly. 
(2) CONSULTATION AND NOTIFICATION.—In addition to the 
requirements in paragraph (1), no funds may be made available 
for direct government-to-government assistance without prior 
consultation with, and notification of, the Committees on Appro-
priations: Provided, That such notification shall contain an 
explanation of how the proposed activity meets the require-
ments of paragraph (1): Provided further, That the require-
ments of this paragraph shall only apply to direct government- 
to-government assistance in excess of $10,000,000 and all funds 
available for cash transfer, budget support, and cash payments 
to individuals. 
(3) SUSPENSION OF ASSISTANCE.—The Administrator of the 
United States Agency for International Development or the 
Secretary of State, as appropriate, shall suspend any direct 
government-to-government assistance if the Administrator or 
the Secretary has credible information of material misuse of 
such assistance, unless the Administrator or the Secretary 
reports to the Committees on Appropriations that it is in the
H. J. Res. 31—306 
national interest of the United States to continue such assist-
ance, including a justification, or that such misuse has been 
appropriately addressed. 
(4) SUBMISSION OF INFORMATION.—The Secretary of State 
shall submit to the Committees on Appropriations, concurrent 
with the fiscal year 2020 congressional budget justification 
materials, amounts planned for assistance described in para-
graph (1) by country, proposed funding amount, source of funds, 
and type of assistance. 
(5) REPORT.—Not later than 90 days after enactment of 
this Act and every 6 months thereafter until September 30, 
2020, the USAID Administrator shall submit to the Committees 
on Appropriations a report that— 
(A) details all assistance described in paragraph (1) 
provided during the previous 6-month period by country, 
funding amount, source of funds, and type of such assist-
ance; and 
(B) the type of procurement instrument or mechanism 
utilized and whether the assistance was provided on a 
reimbursable basis. 
(6) DEBT
SERVICE
PAYMENT
PROHIBITION.—None of the 
funds made available by this Act may be used by the govern-
ment of any foreign country for debt service payments owed 
by any country to any international financial institution. 
(b) NATIONAL BUDGET AND CONTRACT TRANSPARENCY.— 
(1) MINIMUM REQUIREMENTS OF FISCAL TRANSPARENCY.— 
The Secretary of State shall continue to update and strengthen 
the ‘‘minimum requirements of fiscal transparency’’ for each 
government receiving assistance appropriated by this Act, as 
identified in the report required by section 7031(b) of the 
Department of State, Foreign Operations, and Related Pro-
grams Appropriations Act, 2014 (division K of Public Law 113– 
76). 
(2) DEFINITION.—For purposes of paragraph (1), ‘‘minimum 
requirements of fiscal transparency’’ are requirements con-
sistent with those in subsection (a)(1), and the public disclosure 
of national budget documentation (to include receipts and 
expenditures by ministry) and government contracts and 
licenses for natural resource extraction (to include bidding and 
concession allocation practices). 
(3) DETERMINATION
AND
REPORT.—For each government 
identified pursuant to paragraph (1), the Secretary of State, 
not later than 180 days after enactment of this Act, shall 
make or update any determination of ‘‘significant progress’’ 
or ‘‘no significant progress’’ in meeting the minimum require-
ments of fiscal transparency, and make such determinations 
publicly available in an annual ‘‘Fiscal Transparency Report’’ 
to be posted on the Department of State website: Provided, 
That the Secretary shall identify the significant progress made 
by each such government to publicly disclose national budget 
documentation, contracts, and licenses which are additional 
to such information disclosed in previous fiscal years, and 
include specific recommendations of short- and long-term steps 
such government should take to improve fiscal transparency: 
Provided further, That the annual report shall include a 
detailed description of how funds appropriated by this Act