,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #cjag  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,decemb] #aa1 #bjai,mr4
 ,grassley 7= himself & ,mr4 ,cotton7   
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on ,=eign
 ,relations  ,a ,,bill  ,to increase    
transp>5cy & acc\ntability ) respect to 
,_w ,bank l5d+ = ! ,p's ,republic (     
,*9a1 & = o!r purposes4  #a4 ,%ort title
 ,?is ,act may be cit$ z !              
,acc\ntability = ,_w ,bank ,loans to    
,*9a ,act ( #bjai4  #b4 ,f9d+s ,congress
 f9ds z foll[s3 7#a7 ,possess+ m ?an    
#c1jjj1jjj1jjj1jjj 9 =eign ex*ange      
res]ves1 ! ,p's ,republic ( ,*9a has    
devot$ /ate res\rces to e/abli% ! ,asian
 ,infra/ructure ,inve/m5t ,bank1 ! ,new 
,developm5t ,bank1 & activities "u !    
,belt & ,road ,initiative1 pot5tially   
creat+ rivals to ! multilat]al          
developm5t banks l$ by ! ,unit$ ,/ates &
 its allies4  7#b7 ,! ,int]national     
,bank = ,recon/ruction & ,developm5t    
7,,ibrd71 ! ,_w ,bank's prim>y f9anc+   

in/itution = middle-income c\ntries1    
ceases to f9ance 7graduates7 c\ntries t 
are able to su/a9 long-t]m developm5t   
)\t rec\rse to ,bank res\rces4  7#c7 ,! 
,,ibrd exam9es a c\ntry's pot5tial      
graduation :5 ! c\ntry rea*es !         
,graduation ,discussion ,income 7,,gdi71
 :i* am\nts to a ,gross ,national       
,income 7,,gni7 p] capita ( #f1ige4     
7#d7 ,! ,_w ,bank calculates ,*9a's     
,,gni p] capita z equival5t to #i1dgj4  
7#e7 ,accord+ to ! ,c5t] = ,global      
,developm5t1 ,*9a has receiv$           
#g1hjj1jjj1jjj 9 ,,ibrd commitm5ts s9ce 
cross+ ! ,,gdi ?re%old 9 #bjaf4  #c4    
,unit$ ,/ates support = graduation (    
,*9a f ,_w ,bank assi/ance  7a7 ,9 g5]al
 ,! ,unit$ ,/ates ,gov]nor ( !          
,int]national ,bank = ,recon/ruction &  
,developm5t 79 ?is section ref]r$ to z !
 ,,ibrd7 %all in/ruct ! ,unit$ ,/ates   
,executive ,director at ! ,,ibrd t x is 
! policy ( ! ,unit$ ,/ates to pursue !  
exp$iti\s graduation ( ! ,p's ,republic 
( ,*9a f assi/ance by ! ,,ibrd1 consi/5t

 ) ! l5d+ eligibility crit]ia ( !       
,,ibrd4  7b7 ,sunset ,subsection 7a7    
%all h no =ce or effect on or aft] !    
e>li] (-- 7#a7 ! date t is #g ye>s aft] 
! date ( ! enactm5t ( ?is ,act2 or  7#b7
 ! date t ! ,secret>y ( ! ,treasury     
reports to ! ,committee on ,f9ancial    
,s]vices ( ! ,h\se ( ,repres5tatives & !
 ,committee on ,=eign ,relations ( !    
,s5ate t t]m9ation ( subsection 7a7 is  
important to ! national int]e/ ( !      
,unit$ ,/ates1 ) a detail$ explanation (
 ! reasons !re=4  #d4 ,acc\ntability =  
,_w ,bank loans to ! ,p's ,republic (   
,*9a  7a7 ,9 g5]al ,n lat] ?an #cfj days
 aft] ! date ( ! enactm5t ( ?is ,act1 ! 
,unit$ ,/ates ,gov]nor ( ! ,int]national
 ,bank = ,recon/ruction & ,developm5t 79
 ?is section ref]r$ to z ! ,,ibrd7 %all 
submit ! report describ$ 9 subsection   
7b7 to ! ,committee on ,f9ancial        
,s]vices ( ! ,h\se ( ,repres5tatives & !
 ,committee on ,=eign ,relations ( !    
,s5ate4  7b7 ,report describ$ ,! report 
describ$ 9 ?is subsection %all include !

 foll[+3 7#a7 ,a detail$ description ( !
 ef=ts ( ! ,unit$ ,/ates ,gov]nor ( !   
,int]national ,developm5t ,association &
 ! ,unit$ ,/ates ,gov]nor ( ! ,,ibrd to 
en=ce ! timely graduation ( c\ntries f !
 ,int]national ,developm5t ,association 
& ! ,,ibrd1 ) a p>ticul> focus on !     
ef=ts ) reg>d to ! ,p's ,republic (     
,*9a4  7#b7 ,if ! ,p's ,republic ( ,*9a 
is a memb] c\ntry ( ! ,,ibrd1 an        
explanation ( any economic or political 
factors t h prev5t$ ! graduation ( !    
,p's ,republic ( ,*9a f ! ,,ibrd4  7#c7 
,a discussion ( any effects result+ f   
fungibility & ,,ibrd l5d+ to ,*9a1      
includ+ ! pot5tial = ,,ibrd l5d+ to all[
 = fund+ by ! ,gov]nm5t ( ! ,p's        
,republic ( ,*9a ( activities t may be  
inconsi/5t ) ! national int]e/ ( !      
,unit$ ,/ates4  7#d7 ,an action plan to 
help ensure t ! ,p's ,republic ( ,*9a   
graduates f ! ,,ibrd n lat] ?an #b ye>s 
aft] submission ( ! report1 consi/5t ) !
 l5d+ eligibility crit]ia ( ! ,,ibrd4   
7c7 ,waiv] ( requirem5t t report include

 action plan ,! ,secret>y ( ! ,treasury 
may waive ! requirem5t ( subsection     
7b77#d7 on report+ to ! ,committee on   
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives & ! ,committee on ,=eign
 ,relations ( ! ,s5ate t ! waiv] is     
important to ! national int]e/ ( !      
,unit$ ,/ates1 ) a detail$ explanation (
 ! reasons !re=4  #e4 ,ensur+ debt      
transp>5cy ) respect to ! ,belt & ,road 
,initiative ,n lat] ?an #ahj days aft] !
 date ( ! enactm5t ( ?is ,act1 !        
,secret>y ( ! ,treasury %all submit to !
 ,committee on ,f9ancial ,s]vices ( !   
,h\se ( ,repres5tatives & ! ,committee  
on ,=eign ,relations ( ! ,s5ate a report
 t includes ! foll[+3  7#a7 ,an analysis
 ( debt managem5t assi/ance provid$ by !
 ,_w ,bank1 ! ,int]national ,monet>y    
,fund1 & ! ,(fice ( ,te*nical ,assi/ance
 ( ! ,dep>tm5t ( ! ,treasury to borr[+  
c\ntries ( ! ,belt & ,road ,initiative (
 ! ,p's ,republic ( ,*9a 7or any        
comp>able initiative or successor       
initiative ( ,*9a74  7#b7 ,a discussion 

( ,unit$ ,/ates ef=ts at ! ,_w ,bank1 ! 
,int]national ,monet>y ,fund1 & any o!r 
int]national f9ancial in/itution to     
promote debt transp>5cy ) respect to    
cr$it provid$ by ,*9a4