,,ii  #aag? ,,congress  #a/ ,session    
,s4 #behg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,augu/ #c1 #bjba,mr4   
,b>rasso 7= himself1 ,mr4 ,grassley1    
,ms4 ,lummis1 ,mr4 ,rubio1 ,mr4 ,scott (
 ,florida1 ,mr4 ,lank=d1 ,mr4 ,inh(e1   
,mr4 ,cotton1 ,mr4 ,tillis1 ,mr4 ,braun1
 ,mr4 ,sasse1 ,mr4 ,cornyn1 ,mr4        
,boozman1 ,mrs4 ,blackburn1 ,mr4        
,tub]ville1 ,mr4 ,moran1 & ,mr4 ,hawley7
 introduc$ ! foll[+ bill2 :i* 0 read    
twice & ref]r$ to ! ,committee on ,=eign
 ,relations  ,a ,,bill  ,to oppose !    
provision ( assi/ance to ! ,p's         
,republic ( ,*9a by ! multilat]al       
developm5t banks4  #a4 ,opposition to   
provision ( assi/ance to ,p's ,republic 
( ,*9a by multilat]al developm5t banks  
7a7 ,f9d+s ,congress makes ! foll[+     
f9d+s3 7#a7 ,! ,p's ,republic ( ,*9a is 
! _w's second l>ge/ economy & a major   
global l5d]4  7#b7 ,9 ,febru>y #bjba1 ! 
=eign ex*ange res]ves ( ! ,p's ,republic
 ( ,*9a total$ m ?an #c1bjj1jjj1jjj1jjj4
  7#c7 ,! ,_w ,bank classifies ! ,p's   

,republic ( ,*9a z hav+ an              
upp]-middle-income economy4  7#d7 ,on   
,febru>y #be1 #bjba1 ,presid5t ,xi ,j9p+
 ann\nc$ complete victory ov] extreme   
pov]ty 9 ! ,p's ,republic ( ,*9a4  7#e7 
,! ,gov]nm5t ( ! ,p's ,republic ( ,*9a  
utilizes /ate res\rces to create &      
promote ! ,asian ,infra/ructure         
,inve/m5t ,bank1 ! ,new ,developm5t     
,bank1 & ! ,belt & ,road ,initiative4   
7#f7 ,! ,p's ,republic ( ,*9a is ! _w's 
l>ge/ (ficial cr$itor4  7#g7 ,?r\gh a   
multilat]al developm5t bank1 c\ntries   
are eligible to borr[ until !y c manage 
long-t]m developm5t & access to capital 
m>kets )\t f9ancial res\rces f ! bank4  
7#h7 ,! ,_w ,bank reviews ! graduation (
 a c\ntry f eligibility to borr[ f !    
,int]national ,bank = ,recon/ruction &  
,developm5t once ! c\ntry rea*es !      
graduation discussion income1 :i* is    
equival5t to ! gross national income4 ,=
 fiscal ye> #bjba1 ! graduation         
discussion income is a gross national   
income p] capita exce$+ #g1jfe4  7#i7   

,_m ( ! o!r multilat]al developm5t      
banks1 su* z ! ,asian ,developm5t ,bank1
 use ! gross national income p] capita  
b5*m>k us$ by ! ,int]national ,bank =   
,recon/ruction & ,developm5t to trigg] !
 graduation process4  7#aj7 ,! ,p's     
,republic ( ,*9a exce$$ ! graduation    
discussion income ?re%old 9 #bjaf4      
7#aa7 ,s9ce #bjaf1 ! ,int]national ,bank
 = ,recon/ruction & ,developm5t has     
approv$ projects total+ #h1icj1jjj1jjj  
to ! ,p's ,republic ( ,*9a4  7#ab7 ,s9ce
 #bjaf1 ! ,asian ,developm5t ,bank has  
cont9u$ to approve loans & te*nical     
assi/ance to ! ,p's ,republic ( ,*9a    
total+ #g1fjj1jjj1jjj4 ,! ,bank has also
 approv$ non-sov]eign commitm5ts 9 !    
,p's ,republic ( ,*9a total+            
#a1hjj1jjj1jjj s9ce #bjaf4  7#ac7 ,! ,_w
 ,bank calculates ! ,p's ,republic (    
,*9a's mo/ rec5t ye> 7#bjai7 gross      
national income p] capita z #aj1cij4    
7b7 ,/atem5t ( policy ,x is ! policy ( !
 ,unit$ ,/ates to oppose any additional 
l5d+ f ! multilat]al developm5t banks1  

includ+ ! ,int]national ,bank =         
,recon/ruction & ,developm5t & ! ,asian 
,developm5t ,bank1 to ! ,p's ,republic (
 ,*9a z a result ( ! ,p's ,republic (   
,*9a's successful graduation f !        
eligibility requirem5ts = assi/ance f ^?
 banks4  7c7 ,opposition to l5d+ to ,p's
 ,republic ( ,*9a ,! ,secret>y ( !      
,treasury %all in/ruct ! ,unit$ ,/ates  
,executive ,director at ea* multilat]al 
developm5t bank to use ! voice1 vote1 & 
influ5ce ( ! ,unit$ ,/ates-- 7#a7 to    
oppose any loan or ext5sion ( f9ancial  
or te*nical assi/ance by ! bank to !    
,p's ,republic ( ,*9a2 &  7#b7 to end   
l5d+ & assi/ance to c\ntries t exce$ !  
graduation discussion income ( ! bank4  
7d7 ,report requir$ ,n lat] ?an "o ye>  
aft] ! date ( ! enactm5t ( ?is ,act1 &  
annually !reaft]1 ! ,secret>y ( !       
,treasury %all submit to ! appropriate  
congressional committees a report t     
includes-- 7#a7 an assessm5t ( ! /atus (
 borr[+ by ! ,p's ,republic ( ,*9a f ea*
 multilat]al developm5t bank2  7#b7 a   

description ( vot+ p[]1 %>es1 &         
repres5tation by ! ,p's ,republic ( ,*9a
 at ea* su* bank2  7#c7 a li/ ( c\ntries
 t h exce$$ ! graduation discussion     
income at ea* su* bank2  7#d7 a li/ (   
c\ntries t h graduat$ f eligibility =   
assi/ance f ea* su* bank2 &  7#e7 a full
 description ( ! ef=ts tak5 by ! ,unit$ 
,/ates to graduate c\ntries f su*       
eligibility once !y exce$ ! graduation  
discussion income at ea* su* bank4  7e7 
,def9itions ,9 ?is section3 7#a7        
,appropriate congressional committees ,!
 t]m appropriate congressional          
committees means-- 7,a7 ! ,committee on 
,=eign ,relations ( ! ,s5ate2 &  7,b7 ! 
,committee on ,f9ancial ,s]vices & !    
,committee on ,=eign ,affairs ( ! ,h\se 
( ,repres5tatives4  7#b7 ,multilat]al   
developm5t banks ,! t]m multilat]al     
developm5t banks has ! mean+ giv5 t t]m 
9 section #agja7;c7 ( ! ,int]national   
,f9ancial ,in/itutions ,act 7#bb        
,u4,s4,c4 #bfbr7c774