,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #eeg  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #bf1 #bjbc,mr4
 ,hill introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to promote ,unit$ 
,/ates int]e/s at ! int]national        
f9ancial in/itutions1 & = o!r purposes4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,int]national ,f9ancial ,in/itutions  
,gov]nance ,act ( #bjbc4  #b4 ,s5se (   
,congress ,x is ! s5se ( ! ,congress t--
 7#a7 direct+ ! use ( ! voice & vote ( !
 ,unit$ ,/ates at ! int]national        
f9ancial in/itutions 7,i,f,is7 s]ves an 
ess5tial role 9 promot+ ! national      
int]e/2  7#b7 despite _! importance1 su*
 m&ates h gr[n to repres5t a significant
 compliance burd5 = ,unit$ ,/ates       
repres5tatives at ! ,i,f,is1 hav+       
accumulat$ to m ?an #bfj pages (        
/atutory text ov] ! c\rse ( decades-long
 p>ticipation by ! ,unit$ ,/ates 9 !    
,i,f,is2 &  7#c7 :ile c]ta9 m&ates      
provide appropriate discretion = ,unit$ 

,/ates repres5tatives ?r\gh waiv]s &    
sunset provisions1 o!rs may entail      
inflexible requirem5ts t-- 7,a7 prev5t !
 repres5tatives f a*iev+ maximum        
effectiv5ess 9 ! promotion ( ,unit$     
,/ates int]e/s2  7,b7 r5d] !            
repres5tatives less relevant 9          
multilat]al negotiations at ! ,i,f,is1  
includ+ 9 discussions ) ,unit$ ,/ates   
allies2 or  7,c7 fail to adapt to       
int]v5+ ev5ts & *ang+ circum/ances1     
!reby und]m9+ ! pursuit ( ,unit$ ,/ates 
int]e/s4  #c4 ,pilot au?ority to waive  
voice & vote requirem5ts1 on a          
case-by-case basis1 9 ! int]national    
f9ancial in/itutions  7a7 ,9 g5]al ,!   
,secret>y may waive1 on a case-by-case  
basis1 a /atutory requirem5t t directs !
 ,unit$ ,/ates ,executive ,director at  
an int]national f9ancial in/itution )   
respect to ! use ( ! voice & vote ( !   
,unit$ ,/ates4  7b7 ,exception          
,subsection 7a7 %all n apply to a       
/atutory requirem5t if ! provision ( law
 provid+ = ! requirem5t provides =--    

7#a7 a waiv] ( ! requirem5t2 or  7#b7 ! 
t]m9ation ( ! requirem5t by a date      
c]ta94  7c7 ,def9itions ,9 ?is section3 
7#a7 ,int]national f9ancial in/itution  
,! t]m int]national f9ancial in/itution 
has ! mean+ giv5 ! t]m 9 section        
#agja7;c77#b7 ( ! ,int]national         
,f9ancial ,in/itutions ,act4  7#b7      
,secret>y ,! t]m ,secret>y means !      
,secret>y ( ! ,treasury4  7d7 ,report   
describ$ ,n less frequ5tly ?an          
semiannually1 ! ,secret>y %all submit to
 ! ,committee on ,f9ancial ,s]vices ( ! 
,h\se ( ,repres5tatives & ! ,committee  
on ,=eign ,relations ( ! ,s5ate a writt5
 report t includes ! foll[+3 7#a7 ,a li/
 ( ea* waiv] issu$ "u subsection 7a7    
s9ce ! lat] ( ! date ( ! enactm5t ( ?is 
section or ! date ! !n mo/ rec5t report 
0 submitt$ "u ?is subsection4  7#b7 ,a  
description ( any project1 policy1 or   
o!r matt] to :i* ! waiv] involv$ appli$4
  7#c7 ,a detail$ explanation ( !       
reasons = ! waiv] involv$4  7#d7 ,a     
det]m9ation t ! waiv] involv$ all[$ !   

,secret>y to m effectively advance      
,unit$ ,/ates int]e/s at ! int]national 
f9ancial in/itution involv$4  7e7 ,no   
retroactive application ,a waiv] issu$  
"u ?is section %all n apply             
retroactively4  7f7 ,recomm5dations by !
 ,secret>y ,)9 #ab mon?s aft] ! date ( !
 enactm5t ( ?is ,act1 ! ,secret>y %all  
submit to ! committees specifi$ 9       
subsection 7d7 any recomm5dations to    
revise or sunset a /atutory requirem5t t
 directs ! ,unit$ ,/ates ,executive     
,director at an int]national f9ancial   
in/itution ) respect to ! use ( ! voice 
& vote ( ! ,unit$ ,/ates4 ,!            
recomm5dations %\ld be aim$ at a*iev+ ! 
foll[+ objectives ) reg>d to !          
int]national f9ancial in/itution3 7#a7  
,/r5g!n+ ,unit$ ,/ates lead]%ip 9 !     
design1 execution1 & evaluation (       
activities4  7#b7 ,p]mitt+ ! ,secret>y  
to m effectively support policies1      
projects1 & o!r initiatives t advance ! 
national int]e/ ( ! ,unit$ ,/ates4  7#c7
 ,facilitat+ multilat]al coop]ation1    

p>ticul>ly betwe5 ! ,unit$ ,/ates & its 
allies4  7#d7 ,updat+ a requirem5t to   
appropriately reflect *ang+ conditions4 
7#e7 ,all[+ = all appropriate           
acc\ntability to ! ,congress ) respect  
to ,unit$ ,/ates gov]nance at1 &        
p>ticipation 91 ! int]national f9ancial 
in/itution4  7g7 ,sunset ,! prec$+      
provisions ( ?is section %all h no =ce  
or effect on & aft] ! date t is #c ye>s 
aft] ! date ( ! enactm5t ( ?is ,act4