Title: 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.
Policy area: International Affairs

Summary:
This bill establishes a U.S. policy to oppose certain financial assistance to Burma (Myanmar) and addresses related issues.
Specifically, the Department of the Treasury must instruct U.S. representatives to the International Monetary Fund, the World Bank Group, and the Asian Development Bank to inform the respective institution that it is U.S. policy to oppose and vote against any loan or financial assistance to Burma through the State Administration Council or any successor entity controlled by Burma's military. This policy shall not apply to humanitarian assistance implemented by an entity not controlled by Burma's military.
The President may waive this policy on a case-by-case basis upon certifying that doing so would substantially promote delivering humanitarian assistance to Burma's civilian population or otherwise support U.S. national interests.
This policy shall be repealed upon the earlier of (1) the President certifying that certain events have occurred, including Burma's military releasing all political prisoners and the instatement of an elected government following free and fair elections; or (2) 10 years after this bill's enactment.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6340 Introduced in House (IH)]

<DOC>






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 International 
 Monetary Fund, the World Bank Group, and the Asian Development Bank, 
                        and for other purposes.

    Be it enacted by the Senate and House of Representatives 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 DEVELOPMENT 
              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 Council, or any successor entity 
controlled by the military, as the government of Burma for the purpose 
of the provision of any loan or financial assistance by the 
International Monetary Fund, the World Bank Group, or the Asian 
Development Bank, except for humanitarian assistance channeled through 
an implementing agency not controlled by the Burmese military.
    (b) Policy.--Title XVI of the International Financial 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 
              DEVELOPMENT BANK.

    ``(a) Policy of the United States.--The Secretary of Treasury shall 
instruct the United States Executive 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 
implementing agency not controlled by the Burmese military.
    ``(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 Development 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 concerning the United States policy described in 
subsection (a) or the United States position on any strategy, policy, 
loan, extension of financial assistance, or technical assistance 
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 Committee on Foreign Relations of the Senate that the waiver--
            ``(1) substantially promotes the objective of delivering 
        humanitarian assistance to the civilian population of Burma, 
        including a detailed explanation as to the need for such a 
        waiver, the nature of the humanitarian assistance, the 
        mechanisms through which such assistance will be delivered, and 
        the oversight safeguards that will accompany such assistance; 
        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 section, the term `World 
Bank Group' means the International 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 Financial 
Institutions Act, as added by subsection (b), is repealed 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
                    (C) all government institutions involved in the 
                provision of multilateral assistance are fully under 
                civilian control; or
            (2) the date that is 10 years after the date of the 
        enactment of this Act.
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