,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #ehhh  ,,in ,,the ,,house ,,of  
,,representatives  ,february #ac1       
#bjbj,mr4 ,hill of ,arkansas introduced 
the following bill2 which was referred  
to the ,committee on ,financial         
,services  ,a ,,bill  ,to increase      
effectiveness in the pursuit of ,united 
,states interests and multilateral      
cooperation at the international        
financial institutions1 and for other   
purposes4  #a4 ,pilot authority to waive
 voice and vote requirements1 on a      
case-by-case basis1 in the international
 financial institutions  7a7 ,in general
 ,the ,secretary may waive1 on a        
case-by-case basis1 a statutory         
requirement that directs the ,united    
,states ,executive ,director at an      
international financial institution with
 respect to the use of the voice and    
vote of the ,united ,states4  7b7       
,definitions ,in this section3 7#a7     
,international financial institution    
,the term international financial       

institution has the meaning given the   
term in section #agja7;c77#b7 of the    
,international ,financial ,institutions 
,act4  7#b7 ,secretary ,the term        
,secretary means the ,secretary of the  
,treasury4  7c7 ,report described       
,within #cj days after issuing a waiver 
under subsection 7a71 the ,secretary    
shall submit to the ,committee on       
,financial ,services of the ,house of   
,representatives and the ,committee on  
,foreign ,relations of the ,senate a    
written report that includes the        
following3 7#a7 ,a description of any   
project1 policy1 or other matter to     
which the waiver would apply4  7#b7 ,an 
explanation of the reasons for the      
waiver4  7#c7 ,a certification that--   
7,a7 the ,united ,states ,executive     
,director continues to promote the      
objectives of the requirement at the    
international financial institution2    
7,b7 the waiver does not undermine the  
ability of the ,united ,states to       
promote the objectives2 and  7,c7 the   

waiver allows for the ,united ,states to
 more effectively advance multilateral  
cooperation at the international        
financial institution4  7d7 ,no         
retroactive application ,a waiver under 
this section shall not apply            
retroactively4  7e7 ,recommendations by 
the ,secretary ,within #ab months after 
the date of the enactment of this ,act1 
the ,secretary shall submit to the      
committees specified in subsection 7c7  
any recommendations to revise or sunset 
a statutory requirement that directs the
 ,united ,states ,executive ,director at
 an international financial institution 
with respect to the use of the voice and
 vote of the ,united ,states4 ,the      
recommendations should be aimed at      
achieving the following objectives with 
regard to the international financial   
institution3 7#a7 ,strengthening ,united
 ,states leadership in the design1      
execution1 and evaluation of activities4
  7#b7 ,facilitating multilateral       
cooperation1 particularly between the   

,united ,states and its allies4  7#c7   
,updating a requirement to appropriately
 reflect changing conditions4  7#d7     
,permitting the ,united ,states         
,executive ,director to more effectively
 support policies1 projects1 and other  
initiatives that advance the national   
interest of the ,united ,states4  7#e7  
,allowing for all appropriate           
accountability to the ,congress with    
respect to ,united ,states governance   
and participation4  7f7 ,sunset ,the    
preceding provisions of this section    
shall have no force or effect on and    
after the date that is #b years after   
the date of the enactment of this ,act4