Sec. 202. Establishment of Trust Fund for Global Health Security
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The Secretary of State should seek to enter into negotiations with the World Bank or the International Development Association, in coordination with the Secretary of the Treasury, the Administrator of the United States Agency for International Development, and the heads of other relevant Federal departments and agencies, and with the member nations of the World Bank or the International Development Association and with other interested parties, for the establishment within the World Bank of— a Trust Fund for Global Health Security (in this subtitle referred to as the Fund ) in accordance with the provisions of this section; and an Advisory Board to the Fund in accordance with section 205.
The purpose of the Fund should be to advance global health security by catalyzing public and private investments in global health security, infectious disease control, and pandemic preparedness and response in developing countries with demonstrated need, commitment to transparency, including budget and global health data transparency, and evidence-based outcomes. The Fund should be governed by a Board of Trustees, to be composed of representatives of World Bank member states that are donors and participants in the Fund.
The Board of Trustees should include— 5 permanent member countries, who qualify based upon meeting an established initial contribution threshold, which should be not less than 10 percent of total contributions, and by meeting minimum standards for upholding the International Health Regulations, and who should hold veto power over programs and projects; 5 term members, who are selected by the permanent members on the basis of their commitment to innovation, best practices, and the advancement of global health security objectives in partner countries; and 9 developing country members, who serve a period term, and who demonstrate a commitment to prioritizing global health security for their citizens and to the purposes and principles of the Fund.
Individuals appointed to the Board shall have demonstrated knowledge and experience in the fields of public health, epidemiology, supply chain management, health delivery systems, and development. The Secretary of State shall seek to establish the United States as a founding permanent member of the Fund. The United States shall be represented on the Board of Trustees by the Coordinator of United States Government Activities to Advance Global Health Security and Diplomacy established under section 103.
This paragraph shall take effect upon the date the Secretary of State, in coordination with the Secretary of the Treasury, certifies and transmits to Congress an agreement establishing the Fund. The membership established pursuant to subparagraph
(A)shall terminate upon the date of termination of the Fund. The Fund shall establish procedures for the removal of members of the Board who engage in a consistent pattern of human rights abuses, fail to uphold global health data transparency requirements, or otherwise violate the established standards of the Fund.