A bill to oppose the provision of assistance to the People's Republic of China by the multilateral development banks.
This bill directs the U.S. Treasury to instruct American representatives at multilateral development banks (like the World Bank and Asian Development Bank) to oppose new loans to China. It is based on findings that China exceeded the income threshold for graduation from development assistance in 2016 and has since received over $20 billion in loans from these institutions. The bill requires annual reports tracking China's borrowing, U.S. voting efforts to end lending to countries that have surpassed graduation thresholds, and the status of China's eligibility. It directly affects China's access to multilateral development financing and the operational policies of these banks.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2023
Committee Review
Floor Vote
President
Introduced Mar 22, 2023
Last action Mar 22, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Mar 22, 2023
Committee
Read twice and referred to the Committee on Foreign Relations.
upper
Mar 22, 2023
Introduced
Introduced in Senate
upper
1 primary · 23 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John Barrasso
RRepublican
Co
Bill Cassidy
RRepublican
Co
Bill Hagerty
RRepublican
Co
Chuck Grassley
RRepublican
Co
Cynthia M. Lummis
RRepublican
Co
Dan Sullivan
RRepublican
Co
Eric Schmitt
RRepublican
Co
James Lankford
RRepublican
Co
Jerry Moran
RRepublican
Co
Joe Manchin, III
IIndependent
Co
John Hoeven
RRepublican
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