Title: A bill to require the United States Executive Director of the International Bank for Reconstruction and Development to oppose assistance by the Bank for any country that exceeds the graduation threshold of the Bank and is of concern with respect to religious freedom.
Policy area: International Affairs

Summary:
This bill requires the U.S. Executive Director of the International Bank for Reconstruction and Development to oppose any extension of financial or technical assistance by the bank to a country that both exceeds the graduation threshold of the bank and is designated as a country of particular concern for religious freedom.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 3018 Introduced in Senate (IS)]

<DOC>






116th CONGRESS
  1st Session
                                S. 3018

 To require the United States Executive Director of the International 
  Bank for Reconstruction and Development to oppose assistance by the 
Bank for any country that exceeds the graduation threshold of the Bank 
          and is of concern with respect to religious freedom.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           December 11, 2019

 Mr. Grassley (for himself, Mr. Rubio, and Mr. Cotton) introduced the 
 following bill; which was read twice and referred to the Committee on 
                           Foreign Relations

_______________________________________________________________________

                                 A BILL


 
 To require the United States Executive Director of the International 
  Bank for Reconstruction and Development to oppose assistance by the 
Bank for any country that exceeds the graduation threshold of the Bank 
          and is of concern with respect to religious freedom.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. OPPOSITION TO ASSISTANCE BY THE INTERNATIONAL BANK FOR 
              RECONSTRUCTION AND DEVELOPMENT FOR COUNTRIES THAT EXCEED 
              THE GRADUATION THRESHOLD AND ARE OF CONCERN FOR RELIGIOUS 
              FREEDOM.

    The United States Governor of the International Bank for 
Reconstruction and Development shall instruct the United States 
Executive Director of the Bank to vote against, and to use the 
Executive Director's best efforts to deny, any loan or the extension of 
any financial or technical assistance by the Bank to a country if--
            (1) the gross national income per capita of the country 
        exceeds, by more than 35 percent, the threshold for graduation 
        from eligibility for assistance from the Bank;
            (2) the reserves of the country exceed an amount equivalent 
        to the value of goods and services imported into the country 
        during the most recent 12-month period for which data are 
        available; and
            (3) the country is designated--
                    (A) as a country of particular concern for 
                religious freedom under clause (ii) of section 
                402(b)(1)(A) of the International Religious Freedom Act 
                of 1998 (22 U.S.C. 6442(b)(1)(A)); or
                    (B) for placement on the special watch list under 
                clause (iii) of that section.
                                 <all>