(2) any new information related to the matters 
described in subsection (a). 
(c) FORMAT.—The reports required under sub-
sections (a) and (b) shall be submitted to the appropriate 
congressional committees in unclassified form, but may in-
clude a classified annex. 
(d) PUBLIC AVAILABILITY.—Not earlier than 60 
days, and not later than 90 days, after the Secretary sub-
mits a report required by subsection (a) or (b), the Sec-
retary shall post an unclassified summary of the report 
on a public-facing web page of the Department of the 
Treasury. 
SEC. 3. REQUIRED USE OF UNITED STATES VOICE, VOTE, 
AND INFLUENCE AT THE INTER-AMERICAN 
DEVELOPMENT BANK. 
(a) IN GENERAL.—The Secretary of the Treasury 
shall instruct the United States Executive Director at the 
Inter-American Development Bank to use the voice, vote, 
and influence of the United States to do the following: 
(1) Facilitate greater IDB transparency about 
the role of the PRC and PRC companies in the 
IDB, including by fostering a more open release pol-
icy toward working papers, past evaluations, and 
other IDB documents. 
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(2) Reduce the influence of the PRC and PRC 
companies in all IDB deliberations, activities, and 
projects, including by— 
(A) conducting an in-depth review of all 
projects, financing, loans, and grants in which 
at least 10 percent of— 
(i) the funding or financing for such 
a project, financing, loan, or grant comes 
from the PRC or PRC companies; or 
(ii) the value of direct or indirect pro-
curements or other contracting for such a 
project, financing, loan, or grant is pro-
vided to PRC companies; and 
(B) voting against or taking action to pre-
vent a quorum for all votes related to— 
(i) any project, financing, loan, or 
grant for which the in-depth review re-
quired in subparagraph (A) determines 
presents risks to United States national in-
terests; and 
(ii) any project, financing, loan, or 
grant that would include the participation 
of PRC trust funds created with the IDB. 
(3) Beginning 180 days after date of the enact-
ment of this Act, if the Secretary has failed to sub-
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mit the report required by section 2, vote against, or 
take action to prevent a quorum for all votes related 
to, IDB budgets until the IDB provides the Sec-
retary with the information required for the Sec-
retary to prepare and submit the report. 
(4) Vote against, or withhold quorum for all 
votes related to, the issuance, sale, or transfer of ad-
ditional shares of stock in the IDB to the PRC. 
(b) WAIVER.—The Secretary may waive the require-
ments of subsection (a)(3) on a case-by-case basis if the 
Secretary certifies and reports to the appropriate congres-
sional committees before the waiver is exercised that the 
waiver would serve a national interest of the United States 
or address basic human needs. 
SEC. 4. DEFINITIONS. 
In this Act: 
(1) APPROPRIATE
CONGRESSIONAL
COMMIT-
TEES.—The term ‘‘appropriate congressional com-
mittees’’ means— 
(A) the Committee on Foreign Relations of 
the Senate; and 
(B) the Committee on Financial Services 
and the Select Committee on the Strategic 
Competition Between the United States and the 
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Chinese Communist Party of the House of Rep-
resentatives. 
(2) EXECUTIVE DIRECTOR.—The term ‘‘Execu-
tive Director’’ means the United States Executive 
Director at the IDB. 
(3) IDB.—The term ‘‘IDB’’ means all of the 
current and former institutions in the IDB Group, 
including the Inter-American Development Bank, 
IDB Invest, IDB lab, and any related predecessor 
entities. 
(4) PRC.—The term ‘‘PRC’’— 
(A) means the People’s Republic of China; 
and 
(B) includes any and all Special Adminis-
trative Regions of China, including Hong Kong 
and Macau but not including Taiwan. 
(5) PRC COMPANIES.—The term ‘‘PRC compa-
nies’’ means any corporation, company, limited li-
ability company, limited partnership, business trust, 
business association, or other similar entity owned 
by, controlled by, or subject to the jurisdiction or di-
rection of the Government of the PRC. 
(6) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of the Treasury. 
Æ 
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