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Code · BILL · 115th Congress · S. 3248 (Introduced in Senate) — To restrict the provision by international financial institutions of loans and financial and technical assistance to... · Sec. 4

Sec. 4. Restrictions relating to international financial institution assistance to the Government of Turkey

442 words·~2 min read·/bill/115/s/3248/is/section-4

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The Secretary of the Treasury shall— instruct the United States Executive Director of the World Bank Group to use the voice and vote of the United States to oppose the extension by the International Finance Corporation of any loan or financial or technical assistance to the Government of Turkey or to any entity for a project in Turkey; instruct the United States Executive Director of the European Bank for Reconstruction and Development to use the voice and vote of the United States to oppose the extension by the Bank of any loan or financial or technical assistance to the Government of Turkey or to any entity for a project in Turkey; and instruct the United States Executive Director of all other international financial institutions, including the International Monetary Fund, to work with other key donor countries to develop a coherent policy approach to future engagements with and lending to the Government of Turkey, in a manner that will advance human rights, including the full restoration of the rights guaranteed to the people of Turkey through that Government’s commitments as a signatory of the International Covenant on Civil and Political Rights.
The restrictions under paragraphs
(1)and
(2)of subsection
(a)shall not apply with respect to loans or financial or technical assistance provided for humanitarian purposes. The Secretary of the Treasury may waive the application of the restriction under subsection (a)(1) only if the Secretary submits to the appropriate congressional committees a written determination that the waiver will be used to support projects to diversify energy resources in Turkey and to lessen the dependence of Turkey on oil or gas from the Russian Federation or the Islamic Republic of Iran. Subsection
(a)shall not apply on or after the date that is 30 days after the President determines and certifies to the appropriate congressional committees that the Government of Turkey is no longer arbitrarily detaining or denying freedom of movement to United States citizens (including dual citizens) or locally employed staff members of the United States mission to Turkey. Not later than 180 days after the date of the enactment of this Act, and every 180 days thereafter until the restrictions in subsection
(a)are terminated pursuant to subsection (d), the Secretary of the Treasury, in conjunction with the Secretary of State, shall brief the appropriate congressional committees on— the efforts of the United States Executive Directors of the international financial institutions under subsection (a); and the status of all United States citizens (including dual citizens) and locally employed staff members of the United States mission to Turkey arbitrarily detained or denied freedom of movement by the Government of Turkey, as appropriate.
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