,,ii  #aahth ,,congress  #ast ,session  
,s4 #ijh  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,march #bb1         
#bjbc,mr4 ,barrasso 7for himself1 ,mr4  
,grassley1 ,ms4 ,lummis1 ,mr4 ,tillis1  
,mr4 ,lee1 ,mr4 ,moran1 ,mr4 ,scott of  
,florida1 ,mr4 ,hagerty1 ,mr4 ,schmitt1 
,mr4 ,lankford1 ,mrs4 ,blackburn1 ,mr4  
,hawley1 ,mr4 ,rubio1 ,mr4 ,cotton1 ,mr4
 ,braun1 ,mr4 ,cramer1 ,mr4 ,marshall1  
,mr4 ,cassidy1 ,mrs4 ,capito1 ,mr4      
,manchin1 ,mr4 ,rounds1 and ,mr4        
,hoeven7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,foreign ,relations  ,a  
,,bill  ,to oppose the provision of     
assistance to the ,people's ,republic of
 ,china by the multilateral development 
banks4  #a4 ,opposition to provision of 
assistance to ,people's ,republic of    
,china by multilateral development banks
  7a7 ,findings ,congress makes the     
following findings3 7#a7 ,the ,people's 
,republic of ,china is the world's      
second largest economy and a major      

global lender4  7#b7 ,in the third      
quarter of #bjbb1 the foreign exchange  
reserves of the ,people's ,republic of  
,china totaled more than                
#c1jjj1jjj1jjj1jjj4  7#c7 ,the ,world   
,bank classifies the ,people's ,republic
 of ,china as a country with an         
upper-middle-income economy4  7#d7 ,on  
,february #be1 #bjba1 ,president ,xi    
,jinping announced complete victory over
 extreme poverty in the ,people's       
,republic of ,china4  7#e7 ,the         
,government of the ,people's ,republic  
of ,china utilizes state resources to   
create and promote the ,asian           
,infrastructure ,investment ,bank1 the  
,new ,development ,bank1 and the ,belt  
and ,road ,initiative4  7#f7 ,the       
,people's ,republic of ,china is the    
world's largest official creditor4  7#g7
 ,through a multilateral development    
bank1 countries are eligible to borrow  
until they can manage long-term         
development and access to capital       
markets without financial resources from

 the bank4  7#h7 ,the ,world ,bank      
reviews the graduation of a country from
 eligibility to borrow from the         
,international ,bank for ,reconstruction
 and ,development once the country      
reaches the graduation discussion       
income1 which is equivalent to the gross
 national income4 ,for fiscal year      
#bjbc1 the graduation discussion income 
is a gross national income per capita   
exceeding #g1dee4  7#i7 ,many of the    
other multilateral development banks1   
such as the ,asian ,development ,bank1  
use the gross national income per capita
 benchmark used by the ,international   
,bank for ,reconstruction and           
,development to trigger the graduation  
process4  7#aj7 ,the ,people's ,republic
 of ,china exceeded the graduation      
discussion income threshold in #bjaf4   
7#aa7 ,since #bjaf1 the ,international  
,bank for ,reconstruction and           
,development has approved projects      
totaling #i1faj1jjj1jjj to the ,people's
 ,republic of ,china4  7#ab7 ,since     

#bjaf1 the ,asian ,development ,bank has
 continued to approve loans and         
technical assistance to the ,people's   
,republic of ,china totaling more than  
#aj1fjj1jjj1jjj4 ,the ,bank has also    
approved non-sovereign commitments in   
the ,people's ,republic of ,china       
totaling more than #b1djj1jjj1jjj since 
#bjaf4  7#ac7 ,the ,world ,bank         
calculates the ,people's ,republic of   
,china's #bjai gross national income per
 capita as #aj1cij4  7b7 ,statement of  
policy ,it is the policy of the ,united 
,states to oppose any additional lending
 from the multilateral development      
banks1 including the ,international     
,bank for ,reconstruction and           
,development and the ,asian ,development
 ,bank1 to the ,people's ,republic of   
,china as a result of the ,people's     
,republic of ,china's successful        
graduation from the eligibility         
requirements for assistance from those  
banks4  7c7 ,opposition to lending to   
,people's ,republic of ,china ,the      

,secretary of the ,treasury shall       
instruct the ,united ,states ,executive 
,director at each multilateral          
development bank to use the voice1 vote1
 and influence of the ,united ,states-- 
7#a7 to oppose any loan or extension of 
financial or technical assistance by the
 bank to the ,people's ,republic of     
,china2 and  7#b7 to end lending and    
assistance to countries that exceed the 
graduation discussion income of the     
bank4  7d7 ,report required ,not later  
than one year after the date of the     
enactment of this ,act1 and annually    
thereafter1 the ,secretary of the       
,treasury shall submit to the           
appropriate congressional committees a  
report that includes-- 7#a7 an          
assessment of the status of borrowing by
 the ,people's ,republic of ,china from 
each multilateral development bank2     
7#b7 a description of voting power1     
shares1 and representation by the       
,people's ,republic of ,china at each   
such bank2  7#c7 a list of countries    

that have exceeded the graduation       
discussion income at each such bank2    
7#d7 a list of countries that have      
graduated from eligibility for          
assistance from each such bank2 and     
7#e7 a full description of the efforts  
taken by the ,united ,states to graduate
 countries from such eligibility once   
they exceed the graduation discussion   
income at each such bank4  7e7          
,definitions ,in this section3 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 and the ,committee on ,foreign
 ,affairs of the ,house of              
,representatives4  7#b7 ,multilateral   
development banks ,the term multilateral
 development banks has the meaning given
 that term in section #agja7;c7 of the  
,international ,financial ,institutions 
,act 7#bb ,u4,s4,c4 #bfbr7c774