,i #aaith ,,congress #ast ,session ,h4 ,r4 #cbbd ,,in ,,the ,,house ,,of ,,representatives ,may #f1 #bjbe,ms4 ,waters 7for herself and ,mrs4 ,beatty7 introduced the following bill2 which was referred to the ,committee on ,financial ,services ,a ,,bill ,to enhance the operations and accountability of international financial institutions1 strengthen support for low-income countries1 and promote human rights and environmental standards in global financial projects4 #a4 ,short title ,this ,act may be cited as the ,international ,financial ,institution ,improvements ,act of #bjbe4 #b4 ,table of contents ,the table of contents of this ,act is as follows3 ,sec4 #a4 ,short title4 ,sec4 #b4 ,table of contents4 ,title ,i--,international financial institutions ,sec4 #aja4 ,improvement of transparency in host nations4 ,sec4 #ajb4 ,collaboration with civil society organizations4 ,sec4 #ajc4 ,united ,states leadership in debt forgiveness4 ,sec4 #ajd4 ,prohibition on withdrawal1 or withholding of appropriated funds1 from international financial institution without congressional consent4 ,title ,,ii--,multilateral development banks ,sec4 #bja4 ,amendment of the ,articles of ,agreement of the ,international ,bank for ,reconstruction and ,development4 ,sec4 #bjb4 ,aligning regulations for ,international ,development ,association securities4 ,sec4 #bjc4 ,united ,states coordination with the ,international ,bank for ,reconstruction and ,development on human rights4 ,sec4 #bjd4 ,timeliness of project preparation and execution by the ,international ,bank for ,reconstruction and ,development and the ,international ,development ,association4 ,sec4 #bje4 ,protections for human rights1 including ,,lgbtq persons4 ,sec4 #bjf4 ,,ida private sector lending window4 ,sec4 #bjg4 ,world ,bank support for ,haiti development4 ,sec4 #bjh4 ,world ,bank feasibility study on a consortium bank in the ,caribbean region4 ,sec4 #bji4 ,treasury report on accountability of the ,international ,finance ,corporation regarding ,bridge ,academies4 ,sec4 #baj4 ,shipping transparency risk mitigation4 ,sec4 #baa4 ,world ,bank support for efforts to deny safe havens for stolen assets4 ,sec4 #bab4 ,continuation of pause on ,world ,bank disbursements and commitments to ,burma4 ,sec4 #bac4 ,digital public infrastructure safeguards for international financial institutions projects and financing4 ,sec4 #bad4 ,independent accountability mechanisms4 ,sec4 #bae4 ,sexual exploitation and assault prevention4 ,sec4 #baf4 ,publication of loan agreements4 ,sec4 #bag4 ,enhancing transparency to combat corruption4 ,sec4 #bah4 ,adoption of anti-reprisal standards4 ,sec4 #bai4 ,reporting on human rights abuses in for-profit healthcare investments4 ,sec4 #bbj4 ,combatting climate change4 ,sec4 #bba4 ,united ,states advocacy for investment in projects that decrease reliance on ,russia for agricultural commodities4 ,sec4 #bbb4 ,urging the ,world ,bank to eliminate harmful labor indicators from its ,business ,ready ,report4 ,sec4 #bbc4 ,database of direct assistance to countries4 ,title ,,iii--,international ,monetary ,fund ,sec4 #cja4 ,united ,states advocacy of debt suspension by ,international ,monetary ,fund for low-income and small countries that experience a climate-related disaster4 ,sec4 #cjb4 ,loan conditionality4 ,sec4 #cjc4 ,anti-corruption measures in lending agreements4 ,sec4 #cjd4 ,fifth ,deputy ,managing ,director4 ,sec4 #cje4 ,resilience and ,sustainability ,trust financing4 ,sec4 #cjf4 ,quota increase4 ,sec4 #cjg4 ,new ,arrangements to ,borrow4 ,sec4 #cjh4 ,annual report on surcharges4 ,title ,,iv--,multilateral development bank capital increases ,sec4 #dja4 ,african ,development ,fund replenishment4 ,sec4 #djb4 ,african ,development ,bank general callable capital increase4 ,sec4 #djc4 ,european ,bank for ,reconstruction and ,development general capital increase4 ,i ,international financial institutions #aja4 ,improvement of transparency in host nations ,title ,,xv of the ,international ,financial ,institutions ,act 7#bb ,u4,s4,c4 #bfbo-#bfbo-#d7 is amended by adding at the end the following3 #aejf4 ,improvement of transparency in host nations ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at each international financial institution 7as defined in section #agja7;c77#b77 to encourage the respective institution to publicize the nature and purpose of any project1 loan1 investment1 or other activity being pursued by the institution in any country1 in simple terms designed to increase the understanding of the citizens of the country of the good work conducted by the institution and better explain who will benefit from the activity4 4 #ajb4 ,collaboration with civil society organizations 7a7 ,in general ,title ,,xv of the ,international ,financial ,institutions ,act 7#bb ,u4,s4,c4 #bfbo-#bfbo-#d7 is further amended by adding at the end the following3 #aejg4 ,collaboration with civil society organizations 7a7 ,in general ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at each international financial institution 7as defined in section #agja7;c77#b77 to use the voice1 vote1 and influence of the ,united ,states to work to develop policies1 to be approved by the ,board of ,executive ,directors of the respective institution following a wide and extensive consultation with civil society1 to require the staff of the institution to engage and consult in meaningful ways with civil society organizations 7which should include women's rights organizations2 organizations working on economic1 fiscal justice1 and anti-corruption issues2 and worker representatives1 including care workers74 7b7 ,specific policies 7#a7 ,in general ,the policies developed pursuant to subsection 7a7 should-- 7,a7 articulate mechanisms for how to engage in different contexts and should be adapted to the purpose of the engagement1 and set clear timelines and dates for consultations1 taking into account project timelines2 7,b7 require mission chiefs to meet with a wide range of stakeholders from civil society from conceptualization through completion of the project or loan involved2 7,c7 should require the institution to set clear parameters1 dates1 and mechanisms to conduct genuine and meaningful consultations with civil society organization policy in the different review processes1 and develop new policies and strategies4 7#b7 ,international monetary fund ,in the case of the ,international ,monetary ,fund1 as the ,fund identifies and builds the work of the ,fund on issues of critical importance to macroeconomic trends and policies1 such as inequality1 climate change1 gender1 and anti-corruption1 the policies developed pursuant to subsection 7a7 should also provide for increasing engagement with civil society organizations with expertise in those issues4 7c7 ,solicitation of views of civil society organizations ,the ,secretary of the ,treasury shall meet semiannually with a range of civil society organizations to solicit the views of the organizations on ,united ,states participation in and policies at the international financial institutions 7as so defined74 4 7b7 ,report ,within #a year after the date of the enactment of this ,act1 the ,secretary of the ,treasury shall submit to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,foreign ,relations of the ,senate a written report on the steps that the ,united ,states has taken to encourage collaboration with civil society organizations4 #ajc4 ,united ,states leadership in debt forgiveness 7a7 ,report to the ,congress ,within #ahj days after the date of the enactment of this ,act1 the ,secretary of the ,treasury shall submit to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,foreign ,relations of the ,senate a written report that contains an assessment of-- 7#a7 the commonalities in successive debt-restructuring challenges across the frameworks and forums in which the ,united ,states participates1 such as the types of debt relief that countries are able to provide1 the terms of debt relief1 and the reclassification of public debt as private debt by certain creditors2 7#b7 the options available to provide debt relief to developing countries with an intransigent creditor while protecting ,united ,states taxpayer resources and ensuring that ,united ,states taxpayer money is not being used to fund payments to intransigent creditor nations2 7#c7 the oversight and policy priorities of the ,united ,states in the negotiations in the debt-negotiation forums in which the ,united ,states participates2 7#d7 the likelihood that low-income developing countries can gain or retain access to private capital markets even if the countries are in default on debt owed to sovereign creditors1 and how to increase that likelihood2 and 7#e7 the implications for the economic and national security interests of the ,united ,states of the extent to which the debt of developing countries impedes or prevents the countries from taking on additional debt to finance future projects4 7b7 ,advocation for integration of certain elements in the ,,imf review of the ,debt ,sustainability ,framework for ,low-,income ,countries ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at the ,international ,monetary ,fund to use the voice1 vote1 and influence of the ,united ,states to strongly advocate for the integration of the following elements in the review by the ,fund of the ,debt ,sustainability ,framework for ,low-,income ,countries3 7#a7 ,making informing debt restructuring processes an explicit purpose of the ,framework4 7#b7 ,increasing the transparency of macroeconomic assumptions used to inform sustainability estimates and the rationale for the assumptions1 including for projected gross domestic product1 exports1 fiscal balance1 fiscal balance financing1 and expected debt restructuring4 7#c7 ,including investments identified in national plans to meet the ,sustainable ,development ,goals and the ,nationally ,determined ,contributions under the ,paris ,climate ,agreement in the fiscal balance projections and the impact of the investments on economic growth4 7#d7 ,ensuring that when debt restructuring is needed1 it is sufficient to lower such country to no more than a moderate risk of debt distress even in medium-term stress scenarios4 7#e7 ,increasing the severity of stress scenarios to counteract the historical optimism bias of the ,framework4 7#f7 ,adding the ratio of total 7external plus domestic7 public debt service to government revenue1 as an indicator of debt sustainability4 #ajd4 ,prohibition on withdrawal1 or withholding of appropriated funds1 from international financial institution without congressional consent ,title ,,xv of the ,international ,financial ,institutions ,act 7#bb ,u4,s4,c4 #bfbo-#bfbo-#d7 is further amended by adding at the end the following3 #aejh4 ,prohibition on withdrawal1 or withholding of appropriated funds1 from international financial institution without congressional consent ,unless ,congress by law authorizes such action1 the ,united ,states may not terminate participation in1 or withdraw from1 an international financial institution 7as defined in section #agja7;c77#b7 of the ,international ,financial ,institutions ,act71 or withhold appropriated funds required by law to be paid to such an institution4 4 ,,ii ,multilateral development banks #bja4 ,amendment of the ,articles of ,agreement of the ,international ,bank for ,reconstruction and ,development ,the ,bretton ,woods ,agreements ,act 7#bb ,u4,s4,c4 #bhf-bhf;aaa7 is amended-- 7#a7 by redesignating section #gc 7as added by section #aija of division ,p of ,public ,law #aaf-id7 and section #gd as sections #gd and #ge1 respectively2 and 7#b7 by adding at the end the following3 #gf4 ,acceptance of amendment to the ,articles of ,agreement of the ,bank ,the ,united ,states ,governor of the ,bank may accept on behalf of the ,united ,states an amendment to ,articles of ,agreement of the ,bank to delete ,article ,,iii1 ,section #c1 of the ,articles of ,agreement of the ,bank4 4 #bjb4 ,aligning regulations for ,international ,development ,association securities 7a7 ,in general ,the ,international ,development ,association ,act 7#bb ,u4,s4,c4 #bhd-bhd;cc7 is amended by adding at the end the following3 #cb4 ,exemption of securities of the ,international ,development ,association from the securities laws 7a7 ,exemption from securities laws2 reports to ,securities and ,exchange ,commission ,any securities issued by the ,association 7including any guaranty by the ,association1 whether or not limited in scope7 and any securities guaranteed by the ,association as to both principal and interest shall be deemed to be exempted securities within the meaning of section #c7;a77#b7 of the ,securities ,act of #aicc 7#ae ,u4,s4,c4 #gg;c7a77#b77 and section #c7;a77#ab7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gh;c7a77#ab774 ,the ,association shall file with the ,securities and ,exchange ,commission such annual and other reports with regard to such securities as the ,commission shall determine to be appropriate in view of the special character of the ,association and its operations and necessary in the public interest or for the protection of investors4 7b7 ,authority of ,securities and ,exchange ,commission ,to suspend exemption2 reports to ,congress ,the ,securities and ,exchange ,commission1 acting in consultation with the ,national ,advisory ,council on ,international ,monetary and ,financial ,problems1 is authorized to suspend the provisions of subsection 7a7 of this section at any time as to any or all securities issued or guaranteed by the ,association during the period of such suspension4 ,the ,commission shall include in its annual reports to the ,congress such information as it shall deem advisable with regard to the operations and effect of this section4 4 7b7 ,effective date ,the amendment made by subsection 7a7 shall take effect #cj days after the date of the enactment of this ,act4 #bjc4 ,united ,states coordination with the ,international ,bank for ,reconstruction and ,development on human rights ,the ,secretary of the ,treasury shall direct the ,united ,states ,executive ,director at the ,international ,bank for ,reconstruction and ,development-- 7#a7 to use the voice1 vote1 and influence of the ,united ,states to oppose the provision of support for any project that has been turned down or withdrawn from by a department or agency of the ,united ,states due to environmental1 social1 or human rights concerns1 unless the head of the department or agency1 as the case may be1 verifies to the ,united ,states ,executive ,director that all such concerns have been adequately resolved2 and 7#b7 to inform the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,finance of the ,senate whenever the ,bank agrees to provide support for any project that has been turned down or withdrawn from by such a department or agency4 #bjd4 ,timeliness of project preparation and execution by the ,international ,bank for ,reconstruction and ,development and the ,international ,development ,association 7a7 ,use of voice1 vote1 and influence of the ,united ,states ,the ,secretary of the ,treasury shall direct the ,united ,states ,executive ,directors at the ,international ,bank for ,reconstruction and ,development and the ,international ,development ,association to use the voice1 vote1 and influence of the ,united ,states to assess the cause of bottlenecks and identify potential efficiencies in project preparation and execution by the ,bank and the ,association4 7b7 ,report on bottlenecks and potential efficiencies ,within #ahj days after the date of the enactment of this ,act1 the ,secretary of the ,treasury shall submit to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,finance of the ,senate a report that describes the findings of the ,united ,states ,executive ,directors at the ,bank and the ,association regarding bottlenecks and potential efficiencies referred to in subsection 7a74 7c7 ,report on addressing bottlenecks and capitalizing on potential efficiencies ,within #ahj days after the date of the submission of the report required by subsection 7b71 the ,secretary of the ,treasury shall submit to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,finance of the ,senate a report that describes how the ,secretary and the ,united ,states ,executive ,directors at the ,bank and the ,association are actively working to address any such bottlenecks and capitalize on any such potential efficiencies4 #bje4 ,protections for human rights1 including ,,lgbtq persons 7a7 ,in general ,the ,secretary of the ,treasury shall direct the ,united ,states ,executive ,directors at the ,international ,bank for ,reconstruction and ,development and the ,african ,development ,bank to use the voice and vote of the ,united ,states to oppose the provision by the respective bank of financial assistance for a project in any country that engages in human rights abuses1 including of persons who identify as lesbian1 gay1 bisexual1 transgender1 queer1 or questioning1 or another diverse gender identity1 as reported by the ,department of ,state in the ,annual ,country ,reports on ,human ,rights ,practices1 unless the bank makes public the details of how the project would be widely inclusive for the groups that the report has identified as marginalized4 7b7 ,national interest waiver ,the ,secretary of the ,treasury may waive the requirement of subsection 7a7 if the ,secretary determines that it is in the national interest of the ,united ,states to do so4 #bjf4 ,,ida private sector lending window ,the ,secretary of the ,treasury shall direct the ,united ,states ,executive ,director at the ,international ,development ,association to use the voice and vote of the ,united ,states to oppose the provision by the ,international ,development ,association of any additional funding for the ,private ,sector ,window in any replenishment round4 #bjg4 ,world ,bank support for ,haiti development ,the ,secretary of the ,treasury shall direct the ,united ,states ,executive ,directors at the ,international ,bank for ,reconstruction and ,development and at the ,inter-,american ,development ,bank to use the voice1 vote1 and influence of the ,united ,states to advocate that the ,bank create a long-term strategy and plan for economic development in ,haiti1 and1 within #ahj days after the date of the enactment of this ,act1 the ,secretary shall submit to the ,congress a written report analyzing ,bank support for ,haiti and how to strengthen the support4 #bjh4 ,world ,bank feasibility study on a consortium bank in the ,caribbean region ,the ,secretary of the ,treasury shall direct the ,united ,states ,executive ,director at the ,international ,development ,association to use the voice1 vote1 and influence of the ,united ,states to advocate that the ,bank conduct a feasibility study on the development of a consortium bank model in the ,caribbean region1 with goals including managing issues related to financial access and correspondent banking services and reversing the trend of regional bank de-risking1 and to complete the study within #ahj days after the date of the enactment of this ,act4 #bji4 ,treasury report on accountability of the ,international ,finance ,corporation regarding ,bridge ,academies 7a7 ,in general ,the ,secretary of the ,treasury shall submit to the ,congress quarterly reports1 in writing1 on actions completed by the ,world ,bank to compensate survivors of child sexual abuse with financial compensation and other relief1 and on actions to hold accountable any entity involved in the ,bridge ,academies project4 ,each such report shall include details of any steps taken by the ,corporation or the staff of the ,corporation to block the ,department of the ,treasury from sharing with the ,congress any information about the report or the ,bridge ,academies case4 7b7 ,sunset ,subsection 7a7 shall have no force or effect beginning #c years after the date of the enactment of this section4 #baj4 ,shipping transparency risk mitigation ,the ,secretary of the ,treasury shall direct the ,united ,states ,executive ,director at the ,international ,bank for ,reconstruction and ,development to use the voice1 vote1 and influence of the ,united ,states to encourage the ,bank to require that the provision of financing for a shipping or port project include risk mitigation plans to minimize corruption and crime1 including-- 7#a7 dedicated port security personnel plans which identify-- 7,a7 specialized compliance officers trained in international shipping regulations and sanctions compliance2 7,b7 risk assessment teams responsible for evaluating potential threats and suspicious activities2 and 7,c7 on-site legal advisors to provide immediate guidance on compliance and legal issues2 7#b7 enhanced vessel tracking systems1 such as long-range identification and tracking systems1 to provide continuous monitoring of vessel positions2 7#c7 integrated information management systems1 such as centralized data management platforms for real-time sharing of vessel and cargo information among port authorities1 customs1 and security agencies2 7#d7 plans for regular compliance audits and inspections1 including-- 7,a7 scheduled and random audits of shipping documentation1 cargo1 and vessel operations to ensure adherence to regulations2 7,b7 comprehensive inspection protocols for high-risk shipments1 including physical checks and verification of cargo manifests2 and 7,c7 personnel trained in verifying the origin of petroleum and petroleum products and their blends and grades1 and in corroborating certificates of origin for oil cargos2 7#e7 community and stakeholder engagement plans1 including-- 7,a7 public awareness campaigns to educate local communities and port workers about the importance of shipping transparency and compliance2 and 7,b7 collaboration with industry stakeholders to develop and implement best practices for risk mitigation and compliance2 7#f7 technology-driven surveillance capacity1 including satellite imagery for remote monitoring of port activities and vessel movements2 and 7#g7 robust reporting and whistleblower programs1 including-- 7,a7 confidential reporting channels for employees and stakeholders to report suspicious activities without fear of retaliation2 and 7,b7 incentive programs to encourage the reporting of compliance breaches and illicit activities4 #baa4 ,world ,bank support for efforts to deny safe havens for stolen assets ,the ,secretary of the ,treasury shall direct the ,united ,states ,executive ,director at the ,international ,bank for ,reconstruction and ,development to use the voice and vote of the ,united ,states to advocate that the ,bank work internally and with partner organizations to support international efforts to deny safe havens for stolen assets and promote asset recovery to return assets to their legitimate owners4 #bab4 ,continuation of pause on ,world ,bank disbursements and commitments to ,burma ,the ,secretary of the ,treasury shall direct the ,united ,states ,executive ,director at the ,international ,bank for ,reconstruction and ,development to use the voice and vote of the ,united ,states to continue the pause by the ,bank on disbursements and the making of new financing commitments to the ,government of ,burma1 which was initiated after a military coup overthrew the democratically elected ,government of ,burma in #bjba1 unless the ,secretary of the ,treasury determines that it is not in the public interest to do so4 #bac4 ,digital public infrastructure safeguards for international financial institutions projects and financing 7a7 ,determination of applicability of safeguards ,the ,secretary of the ,treasury shall convene meetings of the heads of such ,federal agencies1 and such representatives of private sector organizations and civil society1 as the ,secretary deems appropriate1 for the purpose of determining which digital public infrastructure safeguards should be applied to projects of1 and financing provided by1 the international financial institutions 7as defined in section #agja7;c77#b7 of the ,international ,financial ,institutions ,act74 ,at the meetings1 the participants should consider the minimum safeguards proposed in version #a4j of the ,united ,nations 7,,un7 ,universal ,,dpi ,safeguards ,framework1 and measures to protect privacy1 ensure private sector participation1 and deter and detect fraud1 financial crime1 and corruption4 7b7 ,report to the ,congress ,within #a year after the date of the enactment of this ,act1 the ,secretary of the ,treasury shall submit to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,foreign ,relations of the ,senate a written report on any determinations and recommendations made pursuant to subsection 7a74 #bad4 ,independent accountability mechanisms 7a7 ,in general ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at each multilateral development bank 7as defined in section #agja7;c77#d7 of the ,international ,financial ,institutions ,act7 to use the voice1 vote1 and influence of the ,united ,states to support and increase the effectiveness of the independent accountability mechanisms 7in this section referred to as ,,iam7 of the respective bank1 through engagement with bank management and other executive directors at the bank4 7b7 ,responsible exit policies ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at each multilateral development bank 7as so defined7 to use the voice1 vote1 and influence of the ,united ,states to advocate for the adoption by the respective bank of responsible exit policies for projects that require remediation before exit1 and to support the prohibition of project exit during the accountability process without the consent of complainants4 7c7 ,report to ,congress ,the ,secretary of the ,treasury shall submit to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,foreign ,relations of the ,senate annual written reports on-- 7#a7 all ,,iam cases that have been opened in the year covered by the report or remain open2 and 7#b7 provision of information on the engagement by each such bank in the ,,iam cases including implementation of ,management ,action ,plans developed in response to ,,iam cases1 noting when any such bank has not sufficiently implemented a ,management ,action ,plan in a timely manner4 #bae4 ,sexual exploitation and assault prevention 7a7 ,in general ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at each multilateral development bank 7as defined in section #agja7;c77#d7 of the ,international ,financial ,institutions ,act7 to use the voice1 vote1 and influence of the ,united ,states to improve the implementation of the policies of the respective bank on preventing sexual exploitation and assault 7in this section referred to as ,,sea74 7b7 ,operationalization of policies ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at each multilateral development bank 7as so defined7 to use the voice1 vote1 and influence of the ,united ,states to consult with the multilateral development banks on how they are operationalizing their policies and guidance on preventing ,,sea1 and to require the bank to provide ways to improve policies and guidance4 7c7 ,report to ,congress ,within #a year after the date of the enactment of this ,act1 the ,secretary of the ,treasury shall submit to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,foreign ,relations of the ,senate a written report on how the multilateral development banks 7as so defined7 are operationalizing their commitments to prevent ,,sea1 which shall include information on how many ,,sea cases were reported to each such bank by civil society organizations and other entities1 and information on the number of the cases that involved minors4 #baf4 ,publication of loan agreements ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at each multilateral development bank 7as defined in section #agja7;c77#d7 of the ,international ,financial ,institutions ,act7 to use the voice1 vote1 and influence of the ,united ,states to advocate that any loan agreement entered into by the respective bank1 whether for a public or private sector project1 be made public4 #bag4 ,enhancing transparency to combat corruption 7a7 ,in general ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at each multilateral development bank 7as defined in section #agja7;c77#d7 of the ,international ,financial ,institutions ,act7 to use the voice1 vote1 and influence of the ,united ,states to ensure that all support for public-private partnerships to deliver infrastructure and services1 whether through the public or private sector arm of the respective bank1 follows best practice approaches1 including competitive bidding and contracting transparency1 to provide full details of terms1 pricing1 and financial obligations of the ,state involved1 including through ,state-owned enterprises4 7b7 ,opposition to subsidies for certain private sector investments ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at each multilateral development bank 7as so defined7 to use the voice1 vote1 and influence of the ,united ,states to oppose subsidization of private sector investments that are not offered on competitive or open-offer terms4 7c7 ,publication of data on investments ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at each multilateral development bank 7as so defined7 to use the voice1 vote1 and influence of the ,united ,states to require that1 with respect to private sector investments1 the respective bank consistently publish investment data including sub-national location1 domicile of investee1 total investment cost1 funding source1 currency of investment1 co-financing1 mobilization1 updated disbursement and instrument-specific disclosure 7share of equity1 interest rate1 and loan tenor7 indicators1 and project level rate of return on investment at exit4 #bah4 ,adoption of anti-reprisal standards ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at each multilateral development bank 7as defined in section #agja7;c77#d7 of the ,international ,financial ,institutions ,act7 to use the voice1 vote1 and influence of the ,united ,states to encourage the respective bank to adopt anti-reprisal and retaliation standards in the safeguards policies and loan agreements of the bank to enhance accountability when reprisals occur4 #bai4 ,reporting on human rights abuses in for-profit healthcare investments 7a7 ,report to ,congress ,the ,secretary of the ,treasury shall biennially submit to the ,congress written reports on any known accusations1 made by community groups1 civil society organizations1 media1 or other credible actors1 of human rights abuses at hospitals funded by the private sector arm of the respective bank or the ,international ,finance ,corporation1 and on actions completed by the private sector arm of any multilateral development bank 7as defined in section #agja7;c77#d7 of the ,international ,financial ,institutions ,act7 to investigate and adequately address or remedy the human rights abuses1 and the details of any reforms adopted by the ,international ,finance ,corporation to prevent human rights abuses at such a hospital4 7b7 ,advocacy for independent evaluations ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at each multilateral development bank 7as so defined7 to use the voice1 vote1 and influence of the ,united ,states to advocate for the independent evaluation groups of the respective bank to undertake independent evaluation of the active and historic investments of the bank in healthcare to determine contribution to universal health coverage1 national health system strengthening1 and reducing health inequities4 #bbj4 ,combatting climate change ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at each multilateral development bank 7as defined in section #agja7;c77#d7 of the ,international ,financial ,institutions ,act7 to use the voice1 vote1 and influence of the ,united ,states to support the public disclosure by the respective bank of-- 7#a7 the internal methodologies of the bank for calculating the extent to which projects financed by the bank affect climate change2 and 7#b7 an explanation of the processes and practices of the bank for making these calculations4 #bba4 ,united ,states advocacy for investment in projects that decrease reliance on ,russia for agricultural commodities 7a7 ,in general ,title ,,xiv of the ,international ,financial ,institutions ,act 7#bb ,u4,s4,c4 #bfbn-#bfbn-#c7 is amended by adding at the end the following3 #adje4 ,advocacy for investment in projects that decrease reliance on ,russia for agricultural commodities 7a7 ,in general ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at each international financial institution 7as defined in section #agja7;c77#b77 to use the voice1 vote1 and influence of the ,united ,states1 to the maximum extent practicable1 to encourage the respective institution to-- 7#a7 support projects that decrease the reliance of countries on ,russia for agricultural commodities1 particularly fertilizer and grain2 7#b7 ensure the resilience of global grain supplies2 and 7#c7 stimulate private investment in the projects4 7b7 ,waiver authority ,the ,secretary of the ,treasury may waive subsection 7a7 in the national interest of the ,united ,states4 4 7b7 ,repeal ,section #adje of such ,act1 as added by this section1 is repealed effective on the earlier of-- 7#a7 the date that is #e years after the date of the enactment of this ,act2 or 7#b7 the date that is #cj days after the date the ,president reports to the ,congress that the termination of such section #adje is important to the national interest of the ,united ,states1 with an explanation of the reasons therefor4 #bbb4 ,urging the ,world ,bank to eliminate harmful labor indicators from its ,business ,ready ,report ,the ,secretary of the ,treasury shall direct the ,united ,states ,executive ,director at the ,international ,bank for ,reconstruction and ,development to use the voice1 vote1 and influence of the ,united ,states to strongly urge the ,bank to eliminate the indicators with respect to the ,minimum ,wage ,rate1 which is a labor indicator that penalizes countries for having high minimum wages1 and the ,financial ,burden on ,firms1 which is a labor indicator that penalizes countries with higher corporate taxes1 from the ,business ,ready ,report of the ,bank4 #bbc4 ,database of direct assistance to countries ,the ,secretary of the ,treasury shall direct the ,united ,states ,executive ,director at the ,international ,bank for ,reconstruction and ,development to use the voice and vote of the ,united ,states to urge the ,bank to develop a comprehensive database that lists all assistance being provided1 on a bilateral or multilateral basis1 to countries eligible for assistance from the ,bank1 categorized by whether the assistance is technical assistance1 project development assistance1 or another type of assistance1 and that1 with respect to each entry1 shows the purpose for which the assistance is being provided and the provider and recipient of the assistance4 ,the ,secretary of the ,treasury shall urge the ,bank to annually publish this information publicly1 to increase transparency and maximize collaboration across bilateral and multilateral funding streams4 ,,iii ,international ,monetary ,fund #cja4 ,united ,states advocacy of debt suspension by ,international ,monetary ,fund for low-income and small countries that experience a climate-related disaster ,title ,,xiii of the ,international ,financial ,institutions ,act 7#bb ,u4,s4,c4 #bfbm-#bfbm-#h7 is amended by adding at the end the following3 #acji4 ,advocacy of debt suspension by the ,international ,monetary ,fund for low-income and small countries that experience significant climate-related events ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at the ,international ,monetary ,fund to use the voice and vote of the ,united ,states to advocate for a program that allows any country that is eligible for assistance from the ,international ,development ,association or that the ,fund considers a small state1 and that experiences a climate-related disaster 7as defined by the ,fund71 to suspend all debt repayments to the ,fund and the accrual of any additional interest on debt to the ,fund1 for #e years or until the gross domestic product of the country is at least #hj percent of the gross domestic product of the country before the disaster1 whichever is later4 4 #cjb4 ,loan conditionality ,title ,,xvi of the ,international ,financial ,institutions ,act 7#bb ,u4,s4,c4 #bfbp-#bfbp-#ah7 is amended by adding at the end the following3 #afcd4 ,loan conditionality ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at the ,international ,monetary ,fund to use the voice and vote of the ,united ,states to encourage the ,fund to reduce or eliminate conditions on loans made by the ,fund that-- 7#a7 limit spending on key social needs such as health1 education1 or climate action2 7#b7 weaken environmental1 labor1 public health regulations2 or 7#c7 increase taxes or reduce subsidies in such a way that falls regressively on recipient country populations4 4 #cjc4 ,anti-corruption measures in lending agreements ,title ,,xv of the ,international ,financial ,institutions ,act 7#bb ,u4,s4,c4 #bfbo-#bfbo-#d7 is further amended by adding at the end the following3 #aeji4 ,anti-corruption measures in lending agreements ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at the ,international ,monetary ,fund to use the voice and vote of the ,united ,states to encourage-- 7#a7 the incorporation into ,fund lending agreements of anti-corruption measures1 including by ensuring that governments receiving loans make specific1 measurable1 and time-bound commitments as part of the loan agreements with consequences for noncompliance1 which commitments should be tailored to the needs of each country1 made in consultation with local civil society organizations1 and made in consideration with baselines for proper governance worldwide1 such as through beneficial ownership registries1 transparent and competitive public contracting1 asset declarations for public officials1 a strong anti-money laundering and combating terrorist financing regime1 robust oversight by independent government entities and civil society organizations1 and independent judiciaries2 7#b7 the production and publication of more governance diagnostics as part of loan programs1 the urging of governments to agree to the exercise and to make the reports public on completion1 incorporating recommendations of the diagnostics as commitments1 and the continuation of leveraging ,article ,,iv consultations and ,financial ,sector ,assessment ,programs to elevate anticorruption and financial integrity issues among their broader economic and policy analysis2 7#c7 the engagement of in-country civil society organizations 7,c,s,os7 and local experts throughout loan programs1 including by-- 7,a7 consulting ,c,s,os at the outset of negotiations to help inform ,fund staff assessments of loan program priorities2 7,b7 providing updates to and request input from ,c,s,os during the program development process1 and 7,c7 ensuring sufficient access to information and resources for ,,cso monitoring of commitment implementation1 without threats or other retaliation by governments if there are honest critiques raised by a ,,cso2 7#d7 the improvement of transparency by including on the ,funds country pages1 on the website of the ,fund1 a list of the prior actions and structural benchmarks included in loan programs1 and pursuing a consistent cross-country approach to assessing government implementation and linking findings to surveillance and lending transparency2 7#e7 the holding of governments accountable to their commitments1 by-- 7,a7 ensuring that governments credibly carry out commitments2 7,b7 refraining from issuing waivers of non-observance for benchmarks related to governance and financial integrity due to lack of political will2 and 7,c7 promptly publishing audits2 and 7#f7 the public reporting of the progress of implementing the governance commitments that governments make as part of the loan agreements4 4 #cjd4 ,fifth ,deputy ,managing ,director ,the ,bretton ,woods ,agreements ,act 7#bb ,u4,s4,c4 #bhf-bhf;aaa7 is further amended-- 7#a7 by redesignating section #gc 7as added by section #aija of division ,p of ,public ,law #aaf-id7 and section #gd as sections #gd and #ge1 respectively2 and 7#b7 by adding at the end the following3 #gg4 ,fifth ,deputy ,managing ,director of the ,,imf ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at the ,fund to advocate that the ,fund have a ,fifth ,deputy ,managing ,director who is a national of a low- or middle-income country and who represents all low- or middle-income countries other than the ,people's ,republic of ,china4 4 #cje4 ,resilience and ,sustainability ,trust financing 7a7 ,in general ,title ,,xvi of the ,international ,financial ,institutions ,act 7#bb ,u4,s4,c4 #bfbp-#bfbp-#ah7 is further amended by adding at the end the following3 #afce4 ,resilience and ,sustainability ,trust financing ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at the ,international ,monetary ,fund to use the voice and vote of the ,united ,states to advocate for the ,fund to support the ,resilience and ,sustainability ,trust and the ,poverty ,reduction and ,growth ,trust with ,fund resources4 4 7b7 ,availability of funds ,section #gjga7;c7 of the ,department of ,state1 ,foreign ,operations1 and ,related ,programs ,appropriations ,act1 #bjbd 7division ,f of ,public ,law #aah-dg7 is amended-- 7#a7 by striking all that precedes of the ,treasury and inserting the following3 7c7 ,energy ,security and ,,imf ,accountability ,the ,secretary 2 7#b7 by striking 7in this subsection referred to as the ,,prgt7 of the ,international ,monetary ,fund 7in this subsection referred to as the ,,imf7 and inserting or the ,resilience and ,sustainability ,trust of the ,international ,monetary ,fund2 7#c7 by striking to the ,,prgt1 subject to paragraph 7#b72 and 7#d7 by striking paragraph 7#b74 #cjf4 ,quota increase ,the ,bretton ,woods ,agreements ,act 7#bb ,u4,s4,c4 #bhf-bhf;aaa7 is further amended by adding at the end the following3 #gh4 ,quota increase 7a7 ,in general ,the ,united ,states ,governor of the ,fund may consent to an increase in the ,united ,states quota in the ,fund equivalent to #da1dig1ajj1jjj ,special ,drawing ,rights4 7b7 ,subject to appropriations ,the authority provided by subsection 7a7 shall be effective only to such extent and in such amounts as are provided in advance in appropriations ,acts4 4 #cjg4 ,new ,arrangements to ,borrow ,section #ag7;a77#c7 of the ,bretton ,woods ,agreements ,act 7#bb ,u4,s4,c4 #bhf;e-#b7;a77#c77 is amended by inserting 1 and1 of the amounts authorized under this paragraph1 the authorization for the dollar equivalent of #i1ahf1gdj1jjj ,special ,drawing ,rights shall expire as of the date when the rollback of the ,united ,states credit arrangement in the ,new ,arrangements to ,borrow of the ,international ,monetary ,fund is effective1 but no earlier than when the increase of the ,united ,states quota authorized in section #gg of the ,bretton ,woods ,agreements ,act becomes effective before the period4 #cjh4 ,annual report on surcharges 7a7 ,in general ,the ,secretary of the ,treasury shall submit to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,foreign ,relations of the ,senate an annual report on-- 7#a7 the surcharges imposed by the ,international ,monetary ,fund on member countries of the ,fund2 and 7#b7 whether the surcharges harm the ability of the member countries to pay loans provided by the ,fund4 7b7 ,sunset ,subsection 7a7 shall have no force or effect #a year after the date that the ,secretary determines that the ,international ,monetary ,fund has eliminated the imposition of surcharges with respect to loans provided by the ,fund4 ,,iv ,multilateral development bank capital increases #dja4 ,african ,development ,fund replenishment ,the ,african ,development ,fund ,act 7#bb ,u4,s4,c4 #bij;g-#bij;g-#bf7 is amended by adding at the end the following3 #bbh4 ,sixteenth replenishment 7a7 ,in general ,the ,united ,states ,governor of the ,fund is authorized to contribute on behalf of the ,united ,states #eia1jjj1jjj to the sixteenth replenishment of the resources of the ,fund1 subject to obtaining the necessary appropriations4 7b7 ,authorization of appropriations ,in order to pay for the ,united ,states contribution provided for in subsection 7a71 there are authorized to be appropriated1 without fiscal year limitation1 #eia1jjj1jjj for payment by the ,secretary of the ,treasury4 4 #djb4 ,african ,development ,bank general callable capital increase ,the ,african ,development ,bank ,act 7#bb ,u4,s4,c4 #bij;i-#bij;i-#ab7 is amended by inserting at the end the following3 #acdf4 ,general callable capital increase 7a7 ,subscription authorized 7#a7 ,in general ,the ,united ,states ,governor of the ,bank may subscribe on behalf of the ,united ,states to #hjj1jjj additional shares of the capital stock of the ,bank4 7#b7 ,limitation ,any subscription by the ,united ,states to the capital stock of the ,bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations ,acts4 7b7 ,authorization of appropriations ,for the increase in the ,united ,states subscription to the ,bank under subsection 7a71 there is authorized to be appropriated1 without fiscal year limitation1 #g1hjj1jjj1jjj1 for payment by the ,secretary of the ,treasury for callable shares of the ,bank4 4 #djc4 ,european ,bank for ,reconstruction and ,development general capital increase ,the ,european ,bank for ,reconstruction and ,development ,act 7#bb ,u4,s4,c4 #bijl-#bijl-#i7 is amended by adding at the end the following3 7#ac7 ,capital increase 7,a7 ,subscription authorized 7i7 ,the ,united ,states ,governor of the ,bank is authorized to subscribe on behalf of the ,united ,states to #dj1jjj additional shares of the paid-in capital stock of the ,bank4 7ii7 ,any subscription by the ,united ,states to additional paid-in capital stock of the ,bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations ,acts4 7,b7 ,authorization of appropriations ,in order to pay for the increase in the ,united ,states subscription to the ,bank under subparagraph 7,a71 there are authorized to be appropriated1 without fiscal year limitation1 #dci1ajj1jjj1 for payment by the ,secretary of the ,treasury4 4