I 
116TH CONGRESS 
1ST SESSION H. R. 5051 
To increase transparency and accountability with respect to World Bank 
lending for China, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
NOVEMBER 12, 2019 
Mr. GONZALEZ of Ohio introduced the following bill; which was referred to 
the Committee on Financial Services 
A BILL 
To increase transparency and accountability with respect to 
World Bank lending for China, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Accountability for 
World Bank Loans to China Act of 2019’’. 
SEC. 2. FINDINGS. 
The Congress finds as follows: 
(1) Possessing more than $3,000,000,000,000 
in foreign exchange reserves, the People’s Republic 
of China has devoted state resources to establish the 
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Asian Infrastructure Investment Bank, the New De-
velopment Bank, and activities under the Belt and 
Road Initiative, potentially creating rivals to the 
multilateral development banks led by the United 
States and its allies. 
(2) The International Bank for Reconstruction 
and Development (IBRD), the World Bank’s pri-
mary financing institution for middle-income coun-
tries, ceases to finance (‘‘graduates’’) countries that 
are able to sustain long-term development without 
recourse to Bank resources. 
(3) The IBRD examines a country’s potential 
graduation when the country reaches the Graduation 
Discussion Income (GDI), which amounts to a Gross 
National Income (GNI) per capita of $6,975. 
(4) The World Bank calculates China’s GNI 
per capita as equivalent to $9,470. 
(5) According to the Center for Global Develop-
ment, China has received $7,800,000,000 in IBRD 
commitments since crossing the GDI threshold in 
2016. 
SEC. 3. UNITED STATES SUPPORT FOR GRADUATION OF 
CHINA FROM WORLD BANK ASSISTANCE. 
(a) IN GENERAL.—The United States Governor of 
the International Bank for Reconstruction and Develop-
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ment (IBRD) shall instruct the United States Executive 
Director at the IBRD that it is the policy of the United 
States to pursue the expeditious graduation of the Peo-
ple’s Republic of China from assistance by the IBRD, con-
sistent with the lending eligibility criteria of the IBRD. 
(b) SUNSET.—Subsection (a) shall have no force or 
effect on or after the earlier of— 
(1) the date that is 7 years after the date of the 
enactment of this Act; or 
(2) the date that the Secretary of the Treasury 
reports to the Committee on Financial Services of 
the House of Representatives and the Committee on 
Foreign Relations of the Senate that termination of 
subsection (a) is important to the national interest 
of the United States, with a detailed explanation of 
the reasons therefor. 
SEC. 4. ACCOUNTABILITY FOR WORLD BANK LOANS TO THE 
PEOPLE’S REPUBLIC OF CHINA. 
(a) IN GENERAL.—Before contributing on behalf of 
the United States to the nineteenth replenishment of the 
resources of the International Development Association (in 
this section referred to as the ‘‘Association’’), the United 
States Governor of the Association, shall submit the report 
described in subsection (b) to the Committee on Financial 
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Services of the House of Representatives and the Com-
mittee on Foreign Relations of the Senate. 
(b) REPORT DESCRIBED.—The report described in 
this subsection shall include the following: 
(1) A detailed description of the efforts of the 
United States Governor of the Association and the 
United States Governor of the International Bank 
for Reconstruction and Development (in this section 
referred to as the ‘‘IBRD’’) to enforce the timely 
graduation of countries from the International De-
velopment Association and the IBRD, with a par-
ticular focus on the efforts with regard to the Peo-
ple’s Republic of China. 
(2) If the People’s Republic of China is a mem-
ber country of the IBRD, an explanation of any eco-
nomic or political factors that have prevented the 
graduation of the People’s Republic of China from 
the IBRD. 
(3) A discussion of any effects resulting from 
fungibility and IBRD lending to China, including 
the potential for IBRD lending to allow for funding 
by the government of the People’s Republic of China 
of activities that may be inconsistent with the na-
tional interest of the United States. 
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