,,ii  #aai? ,,congress  #a/ ,session    
,s4 #bcfb  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #ba1 #bjbe,mr4   
,b>rasso 7= himself1 ,mr4 ,grassley1    
,mrs4 ,blackburn1 ,mr4 ,budd1 ,ms4      
,ern/1 ,mr4 ,scott ( ,florida1 ,ms4     
,lummis1 ,mr4 ,lee1 ,mr4 ,ricketts1 ,mr4
 ,hawley1 ,mr4 ,cruz1 ,mr4 ,tillis1 ,mr4
 ,m>%all1 & ,mrs4 ,fis*]7 introduc$ !   
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,=eign ,relations  ,a
 ,,bill  ,to oppose ! provision (       
assi/ance to ! ,p's ,republic ( ,*9a by 
! multilat]al developm5t banks4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,end+ ,l5d+ to ,*9a ,act ( #bjbe4  #b4  
,opposition to provision ( assi/ance to 
,p's ,republic ( ,*9a by multilat]al    
developm5t banks  7a7 ,f9d+s ,congress  
makes ! foll[+ f9d+s3 7#a7 ,! ,p's      
,republic ( ,*9a is ! _w's second l>ge/ 
economy & a major global l5d]4  7#b7 ,9 
,april #bjbe1 ! =eign ex*ange res]ves ( 
! ,p's ,republic ( ,*9a total$ m ?an    
#c1bha1jjj1jjj1jjj4  7#c7 ,! ,_w ,bank  

classifies ! ,p's ,republic ( ,*9a z a  
c\ntry ) an upp]-middle-income economy4 
7#d7 ,on ,febru>y #be1 #bjba1 ,presid5t 
,xi ,j9p+ ann\nc$ complete victory ov]  
extreme pov]ty 9 ! ,p's ,republic (     
,*9a4  7#e7 ,! ,gov]nm5t ( ! ,p's       
,republic ( ,*9a utilizes /ate res\rces 
to create & promote ! ,asian            
,infra/ructure ,inve/m5t ,bank1 ! ,new  
,developm5t ,bank1 & ! ,belt & ,road    
,initiative4  7#f7 ,! ,p's ,republic (  
,*9a is ! _w's l>ge/ (ficial cr$itor4   
7#g7 ,?r\gh a multilat]al developm5t    
bank1 c\ntries are eligible to borr[    
until !y c manage long-t]m developm5t & 
access to capital m>kets )\t f9ancial   
res\rces f ! bank4  7#h7 ,! ,_w ,bank   
reviews ! graduation ( a c\ntry f       
eligibility to borr[ f ! ,int]national  
,bank = ,recon/ruction & ,developm5t    
once ! c\ntry rea*es ! graduation       
discussion income1 :i* is equival5t to !
 gross national income4 ,= fiscal ye>   
#bjbe1 ! graduation discussion income is
 a gross national income p] capita      

exce$+ #g1hie4  7#i7 ,_m ( ! o!r        
multilat]al developm5t banks1 su* z !   
,asian ,developm5t ,bank1 use ! gross   
national income p] capita b5*m>k us$ by 
! ,int]national ,bank = ,recon/ruction &
 ,developm5t to trigg] ! graduation     
process4  7#aj7 ,! ,p's ,republic ( ,*9a
 exce$$ ! graduation discussion income  
?re%old 9 #bjaf4  7#aa7 ,s9ce fiscal ye>
 #bjaf1 ! ,int]national ,bank =         
,recon/ruction & ,developm5t has approv$
 project loans total+ #ab1ich1jjj1jjj to
 ! ,p's ,republic ( ,*9a4  7#ab7 ,9     
#bjbd1 ! ,asian ,developm5t ,bank       
approv$ loans & te*nical assi/ance to ! 
,p's ,republic ( ,*9a total+ m ?an      
#ija1jjj1jjj4 ,! ,bank also approv$     
non-sov]eign commitm5ts 9 ! ,p's        
,republic ( ,*9a total+ m ?an           
#dhc1jjj1jjj4  7#ac7 ,! ,_w ,bank       
calculates ! ,p's ,republic ( ,*9a's    
#bjbd gross national income p] capita z 
#ac1ffj4  7b7 ,/atem5t ( policy ,x is ! 
policy ( ! ,unit$ ,/ates to oppose any  
additional l5d+ f ! multilat]al         

developm5t banks1 includ+ !             
,int]national ,bank = ,recon/ruction &  
,developm5t & ! ,asian ,developm5t      
,bank1 to ! ,p's ,republic ( ,*9a z a   
result ( ! ,p's ,republic ( ,*9a's      
successful graduation f ! eligibility   
requirem5ts = assi/ance f ^? banks4  7c7
 ,opposition to l5d+ to ,p's ,republic (
 ,*9a ,! ,secret>y ( ! ,treasury %all   
in/ruct ! ,unit$ ,/ates ,executive      
,director at ea* multilat]al developm5t 
bank to use ! voice1 vote1 & influ5ce ( 
! ,unit$ ,/ates-- 7#a7 to oppose any    
loan or ext5sion ( f9ancial or te*nical 
assi/ance by ! bank to ! ,p's ,republic 
( ,*9a2 &  7#b7 to end l5d+ & assi/ance 
to c\ntries t exce$ ! graduation        
discussion income ( ! bank4  7d7 ,report
 requir$ ,n lat] ?an "o ye> aft] ! date 
( ! enactm5t ( ?is ,act1 & annually     
!reaft]1 ! ,secret>y ( ! ,treasury %all 
submit to ! appropriate congressional   
committees a report t includes-- 7#a7 an
 assessm5t ( ! /atus ( borr[+ by ! ,p's 
,republic ( ,*9a f ea* multilat]al      

developm5t bank2  7#b7 a description (  
vot+ p[]1 %>es1 & repres5tation by !    
,p's ,republic ( ,*9a at ea* su* bank2  
7#c7 a li/ ( c\ntries t h exce$$ !      
graduation discussion income at ea* su* 
bank2  7#d7 a li/ ( c\ntries t h        
graduat$ f eligibility = assi/ance f ea*
 su* bank2 &  7#e7 a full description ( 
! ef=ts tak5 by ! ,unit$ ,/ates to      
graduate c\ntries f su* eligibility once
 !y exce$ ! graduation discussion income
 at ea* su* bank4  7e7 ,def9itions ,9   
?is section3 7#a7 ,appropriate          
congressional committees ,! t]m         
appropriate congressional committees    
means-- 7,a7 ! ,committee on ,=eign     
,relations ( ! ,s5ate2 &  7,b7 !        
,committee on ,f9ancial ,s]vices & !    
,committee on ,=eign ,affairs ( ! ,h\se 
( ,repres5tatives4  7#b7 ,multilat]al   
developm5t banks ,! t]m multilat]al     
developm5t banks has ! mean+ giv5 t t]m 
9 section #agja7;c7 ( ! ,int]national   
,f9ancial ,in/itutions ,act 7#bb        
,u4,s4,c4 #bfbr7c774