I 
117TH CONGRESS 
1ST SESSION H. R. 6340 
To establish the United States policy on Burma at the International Monetary 
Fund, the World Bank Group, and the Asian Development Bank, and 
for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 20, 2021 
Ms. WATERS introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To establish the United States policy on Burma at the Inter-
national Monetary Fund, the World Bank Group, and 
the Asian Development Bank, 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. UNITED STATES POLICY ON BURMA AT THE 
INTERNATIONAL 
MONETARY 
FUND, 
THE 
WORLD BANK GROUP, AND THE ASIAN DE-
VELOPMENT BANK. 
(a) SENSE OF THE CONGRESS.—It is the sense of the 
Congress that the United States should not support the 
recognition of, or dealing with, the State Administration 
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Council, or any successor entity controlled by the military, 
as the government of Burma for the purpose of the provi-
sion of any loan or financial assistance by the Inter-
national Monetary Fund, the World Bank Group, or the 
Asian Development Bank, except for humanitarian assist-
ance channeled through an implementing agency not con-
trolled by the Burmese military. 
(b) POLICY.—Title XVI of the International Finan-
cial Institutions Act (22 U.S.C. 262p et seq.) is amended 
by adding at the end the following: 
‘‘SEC. 1630. UNITED STATES POLICY ON BURMA AT THE 
INTERNATIONAL 
MONETARY 
FUND, 
THE 
WORLD BANK GROUP, AND THE ASIAN DE-
VELOPMENT BANK. 
‘‘(a) POLICY OF THE UNITED STATES.—The Sec-
retary of Treasury shall instruct the United States Execu-
tive Directors at the International Monetary Fund, the 
World Bank Group, and the Asian Development Bank to 
inform the respective institution that it is the policy of 
the United States to oppose, and to use the voice and vote 
of the United States to vote against, any loan or financial 
assistance to Burma through the State Administration 
Council, or any successor entity controlled by the military, 
except for humanitarian assistance channeled through an 
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implementing agency not controlled by the Burmese mili-
tary. 
‘‘(b) SUBMISSION OF WRITTEN STATEMENTS.—No 
later than 60 calendar days after a meeting of the Board 
of Directors of the World Bank Group or the Asian Devel-
opment Bank, the Secretary of the Treasury shall submit 
to the Committee on Financial Services of the House of 
Representatives and the Committee on Foreign Relations 
of the Senate any written statement presented at the 
meeting by the United States Executive Director con-
cerning the United States policy described in subsection 
(a) or the United States position on any strategy, policy, 
loan, extension of financial assistance, or technical assist-
ance related to Burma considered by the Board. 
‘‘(c) WAIVER.—The President of the United States 
may waive the application of subsection (a) on a case-by- 
case basis upon certifying to the Committee on Financial 
Services of the House of Representatives and the Com-
mittee on Foreign Relations of the Senate that the waiv-
er— 
‘‘(1) substantially promotes the objective of de-
livering humanitarian assistance to the civilian popu-
lation of Burma, including a detailed explanation as 
to the need for such a waiver, the nature of the hu-
manitarian assistance, the mechanisms through 
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which such assistance will be delivered, and the over-
sight safeguards that will accompany such assist-
ance; or 
‘‘(2) is otherwise in the national interest of the 
United States, with a detailed explanation of the 
reasons therefor. 
‘‘(d) WORLD BANK GROUP DEFINED.—In this sec-
tion, the term ‘World Bank Group’ means the Inter-
national Bank for Reconstruction and Development, the 
International Development Association, the International 
Finance Corporation, and the Multilateral Investment 
Guarantee Agency.’’. 
(c) SUNSET.—Section 1630 of the International Fi-
nancial Institutions Act, as added by subsection (b), is re-
pealed on the earlier of— 
(1) the date the President of the United States 
submits to the Committee on Financial Services of 
the House of Representatives and the Committee on 
Foreign Relations of the Senate a certification 
that— 
(A) the Burmese military has released all 
political prisoners; 
(B) an elected government has been 
instated following free and fair elections; and 
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