,,ii #aahth ,,congress #ast ,session ,s4 #bdgj ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,july #be1 #bjbc,mr4 ,hagerty 7for himself1 ,mr4 ,menendez1 ,mr4 ,rubio1 and ,mr4 ,kaine7 introduced the following bill2 which was read twice and referred to the ,committee on ,foreign ,relations ,a ,,bill ,to increase transparency regarding the activities1 and reduce the malign influence of1 the ,people's ,republic of ,china in the ,inter-,american ,development ,bank1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,,idb ,transparency ,act4 #b4 ,report on influence of the ,people's ,republic of ,china at the ,inter-,american ,development ,bank 7a7 ,in general ,within #ahj days after the date of the enactment of this ,act1 the ,secretary of the ,treasury1 in consultation with the ,secretary of ,state1 shall submit to the appropriate congressional committees a report that includes the following3 7#a7 ,the scope and scale of the influence of the ,,prc and ,,prc companies in the ,,idb1 including in-- 7,a7 the organization and personnel of the ,,idb2 7,b7 ,,idb governance and transparency2 7,c7 the financing of the ,,idb2 7,d7 determinations around which projects to fund or finance2 7,e7 deliberations regarding the involvement or membership of ,taiwan in the ,,idb2 and 7,f7 any other modes through which the ,,prc or ,,prc companies influence the ,,idb4 7#b7 ,a complete list of all projects of the ,,idb that include financing or funding from the ,,prc1 ,,prc companies1 or ,,prc trust funds created at the ,,idb since the ,,prc joined the ,,idb as a member country on ,january #ab1 #bjji1 including-- 7,a7 the title and identification number of the project2 7,b7 a description of the project2 7,c7 the location of the project2 7,d7 the amount of funding or financing initially allocated for the project2 7,e7 the amount of funding or financing disbursed under the project2 7,f7 a summary of the status of the implementation of the project2 and 7,g7 a description of any incidents in which funding or financing for a project has been disbursed1 but has not been implemented or completed4 7#c7 ,a complete list of the projects of the ,,idb in which ,,prc companies participate1 whether through direct or indirect procurement or other contracting1 including-- 7,a7 the title and identification number of the project2 7,b7 a description of the project2 7,c7 the location of the project2 7,d7 the amount of funding or financing initially allocated for the project2 7,e7 the amount of funding or financing disbursed under the project2 7,f7 the name of the participating ,,prc companies and1 in the case of each such company1 whether the participation consists of direct or indirect procurement or other contracting2 7,g7 the amount of funding or financing received by the ,,prc companies under the project2 7,h7 a summary of the work conducted by the ,,prc companies as part of direct or indirect procurement or other contracting2 and 7,i7 a description of any incidents in which the ,,prc companies received funding or financing as part of a direct or indirect procurement or other contracting1 but required work has not been implemented or completed4 7#d7 ,a full review of projects described in paragraphs 7#b7 and 7#c7 to assess whether any of the projects featured any human rights abuses1 delays1 corruption1 or poor results1 and an analysis of the procurement practices involved in the projects4 7#e7 ,the extent to which-- 7,a7 the ,,idb uses equipment or services produced by technology providers covered by section #b of the ,secure and ,trusted ,communications ,networks ,act of #bjai or ,,prc companies on the list of entities set forth in ,supplement ,no4 #d to part #gdd of the ,export ,administration ,regulations1 set forth in subchapter ,c of chapter ,,vii of title #ae1 ,code of ,federal ,regulations1 or any successor regulations2 or 7,b7 projects funded or financed by the ,,idb use technology provided by the providers or entities4 7#f7 ,a review of how and to what extent the ,,prc has used the ,,idb to1 within ,,idb member countries-- 7,a7 spread the diplomatic1 economic1 and military influence of the ,,prc2 7,b7 promote the adoption and use of technologies of ,,prc companies2 and 7,c7 promote the preferred values of the ,,prc4 7#g7 ,an action plan for the ,executive ,director to work to reduce the involvement of the ,,prc and ,,prc companies in the ,,idb and projects funded or financed by the ,,idb1 as determined under this subsection4 7#h7 ,the extent to which ,,prc persons sanctioned by the ,united ,states serve in leadership or management positions in ,,prc companies working on ,,idb-funded or ,,idb-financed projects4 7#i7 ,the extent to which the ,,prc has used its voice1 vote1 and influence in the ,,idb to promote the interests of the ,,prc at the expense of regional development interests4 7#aj7 ,a summary of the in-depth reviews conducted under section #c7;a77#b77;,a7 of this ,act4 7#aa7 ,a list of ,,idb projects funded by the ,,prc or ,,prc companies assessed to pose a risk to ,united ,states interests due to their proximity to a cooperative security location1 a ,united ,states military installation outside the contiguous ,united ,states1 or a military installation of a partner or ally of the ,united ,states4 7b7 ,subsequent reports ,within #b years after the ,secretary submits the report required by subsection 7a71 and every #b years thereafter for #h years1 the ,secretary shall submit to the appropriate congressional committees a report that includes-- 7#a7 any updates to information included in all reports submitted under subsection 7a72 and 7#b7 any new information related to the matters described in subsection 7a74 7c7 ,format ,the reports required under subsections 7a7 and 7b7 shall be submitted to the appropriate congressional committees in unclassified form1 but may include a classified annex4 7d7 ,public availability ,not earlier than #fj days1 and not later than #ij days1 after the ,secretary submits a report required by subsection 7a7 or 7b71 the ,secretary shall post an unclassified summary of the report on a public-facing web page of the ,department of the ,treasury and the ,secretary of ,state shall post such summary on a public-facing web page of the ,department of ,state4 #c4 ,required use of ,united ,states voice1 vote1 and influence at the ,inter-,american ,development ,bank 7a7 ,in general ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at the ,inter-,american ,development ,bank to use the voice1 vote1 and influence of the ,united ,states to do the following3 7#a7 ,facilitate greater ,,idb transparency about the role of the ,,prc and ,,prc companies in the ,,idb1 including by fostering a more open release policy toward working papers1 past evaluations1 and other ,,idb documents4 7#b7 ,reduce the influence of the ,,prc and ,,prc companies in all ,,idb deliberations1 activities1 and projects1 including by-- 7,a7 conducting an in-depth review of all projects1 financing1 loans1 and grants in which at least #aj percent of-- 7i7 the funding or financing for such a project1 financing1 loan1 or grant comes from the ,,prc or ,,prc companies2 or 7ii7 the value of direct or indirect procurements or other contracting for such a project1 financing1 loan1 or grant is provided to ,,prc companies2 and 7,b7 voting against or taking action to prevent a quorum for all votes related to-- 7i7 any project1 financing1 loan1 or grant for which the in-depth review required in subparagraph 7,a7 determines presents risks to ,united ,states national interests2 and 7ii7 any project1 financing1 loan1 or grant that would include the participation of ,,prc trust funds created with the ,,idb4 7#c7 ,beginning #ahj days after date of the enactment of this ,act1 if the ,secretary has failed to submit the report required by section #b1 vote against1 or take action to prevent a quorum for all votes related to1 ,,idb budgets until the ,,idb takes available steps to provide the ,secretary with the information required for the ,secretary to prepare and submit the report4 7#d7 ,vote against1 or withhold quorum for all votes related to1 the issuance1 sale1 or transfer of additional shares of stock in the ,,idb to the ,,prc4 7b7 ,waiver ,the ,secretary may waive the requirements of subsection 7a77#c7 on a case-by-case basis if the ,secretary certifies and reports to the appropriate congressional committees before the waiver is exercised that the waiver would serve a national interest of the ,united ,states or address basic human needs4 #d4 ,definitions ,in this ,act3 7#a7 ,appropriate congressional committees ,the term appropriate congressional committees means-- 7,a7 the ,committee on ,foreign ,relations of the ,senate2 and 7,b7 the ,committee on ,financial ,services of the ,house of ,representatives4 7#b7 ,executive ,director ,the term ,executive ,director means the ,united ,states ,executive ,director at the ,,idb4 7#c7 ,,idb ,the term ,,idb means all of the current and former institutions in the ,,idb ,group1 including the ,inter-,american ,development ,bank1 ,,idb ,invest1 ,,idb lab1 and any related predecessor entities4 7#d7 ,,prc ,the term ,,prc-- 7,a7 means the ,people's ,republic of ,china2 and 7,b7 includes any and all ,special ,administrative ,regions of ,china1 including ,hong ,kong and ,macau but not including ,taiwan4 7#e7 ,,prc companies ,the term ,,prc companies means any corporation1 company1 limited liability company1 limited partnership1 business trust1 business association1 or other similar entity owned by1 controlled by1 or subject to the jurisdiction or direction of the ,government of the ,,prc4 7#f7 ,secretary ,the term ,secretary means the ,secretary of the ,treasury4