S 908 United States Senate · 118th Congress

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