,i  #aaith ,,congress  #b;d ,session    
,h4 ,r4 #igac  ,,in ,,the ,,house ,,of  
,,representatives  ,july #ae1 #bjbf,mr4 
,perry introduced the following bill2   
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
remove the ,united ,states from the     
,international ,monetary ,fund1 the     
,world ,bank ,group1 or the ,asian      
,development ,bank if such an           
institution assists in providing debt   
relief to the ,people's ,republic of    
,china1 and for other purposes4  #a4    
,short title  ,this ,act may be cited as
 the ,no ,more ,debt ,relief to ,china  
,act4  #b4 ,withdrawal of ,united       
,states from certain international      
financial institutions if such an       
institution provides debt relief to1 or 
eases a debt relief burden of1 the      
,people's ,republic of ,china  7a7 ,in  
general  7#a7 ,withdrawal from the      
,international ,monetary ,fund ,the     
,secretary of the ,treasury shall       
immediately transmit to the             

,international ,monetary ,fund a written
 notice of the withdrawal of the ,united
 ,states from the ,international        
,monetary ,fund if the ,secretary       
determines that the ,international      
,monetary ,fund has provided any relief 
to the ,people's ,republic of ,china    
with respect to any loan made1 in whole 
or in part1 by the ,international       
,monetary ,fund to the ,people's        
,republic of ,china4  7#b7 ,withdrawal  
from the ,world ,bank ,group or the     
,asian ,development ,bank ,the          
,secretary of the ,treasury shall       
immediately transmit to each institution
 in the ,world ,bank ,group or the      
,asian ,development ,bank a written     
notice of the withdrawal of the ,united 
,states from each institution in the    
,world ,bank ,group or the ,asian       
,development ,bank1 respectively1 if the
 ,secretary of the ,treasury determines 
that an institution in the ,world ,bank 
,group or the ,asian ,development ,bank1
 respectively--  7,a7 has provided any  

relief to a country with respect to any 
loan made1 in whole or in part1 by the  
respective institution to the country2  
and  7,b7 the provision of the relief   
has aided the ,people's ,republic of    
,china in providing relief to the       
country with respect to any loan made1  
in whole or in part1 by the ,people's   
,republic of ,china to the country4  7b7
 ,completion of withdrawal ,within #fj  
days after the transmission of a notice 
under subsection 7a71 the ,secretary of 
the ,treasury shall complete the process
 of withdrawing the ,united ,states from
 the institution involved4  7c7 ,report 
to ,congress ,if the ,secretary of the  
,treasury does not comply with          
subsection 7b71 the ,president of the   
,united ,states shall submit to the     
,congress a report specifying the       
reasons for the noncompliance within #cj
 days after the end of the #fj-;day     
period provided in subsection 7b74  7d7 
,prohibition on re-,joining  ,the       
,united ,states may not become a member 

of any institution from which the       
,united ,states has withdrawn pursuant  
to this section4  #c4 ,opposition of    
,,imf relief for the ,people's ,republic
 of ,china ,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 oppose the provision by the  
,international ,monetary fund of any    
relief described in section #b7;a74  #d4
 ,monthly report on financial           
transactions made by the ,international 
,monetary ,fund1 the ,world ,bank       
,group1 or the ,asian ,development ,bank
 ,the ,secretary of the ,treasury shall 
obtain from the ,international ,monetary
 ,fund1 each institution in the ,world  
,bank ,group1 and the ,asian            
,development ,bank a monthly report on  
all financial transactions made by the  
respective institution1 including any   
funds provided to the ,people's         
,republic of ,china1 or debt of the     

,people's ,republic of ,china that has  
been forgiven1 in the month covered by  
the report1 and on receipt of any such  
report shall transmit the report to the 
,congress4  #e4 ,congressional authority
 to direct ,united ,states policy in    
international financial institutions ,it
 is the policy of the ,united ,states   
that the ,congress has the authority to 
direct the actions of the ,united       
,states in any international financial  
institution 7as defined in section      
#agja7;c77#b7 of the ,international     
,financial ,institutions ,act74