Sec. 1843. United States support for graduation of China from World Bank assistance

161 words·~1 min read·/bill/116/hr/6395/pcs/section-1843

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The United States Governor of the International Bank for Reconstruction and Development

(IBRD)shall instruct the United States Executive Director at the IBRD that it is the policy of the United States to— pursue the expeditious graduation of the People’s Republic of China from assistance by the IBRD, consistent with the lending criteria of the IBRD; and until the graduation of China from IBRD assistance, prioritize projects in China that contribute to global public goods, to the extent practicable. Subsection

(a)shall have no force or effect on or after the earlier of— the date that is 7 years after the date of the enactment of this Act; or the date that the Secretary of the Treasury reports to the Committee on Financial Services of the House of Representatives and the Committee on Foreign Relations of the Senate that termination of subsection

(a)is important to the national interest of the United States, with a detailed explanation of the reasons therefor.