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Code · BILL · 117th Congress · S. 4112 (Introduced in Senate) — To address issues involving the economic statecraft of the United States, and for other purposes. · Sec. 101

Sec. 101. Mandatory disclosure of Chinese debt in aid-related applications

115 words·~1 min read·/bill/117/s/4112/is/section-101·

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The United States International Development Finance Corporation, the United States Agency for International Development, the Trade and Development Agency, the Millennium Challenge Corporation, and other independent and executive branch agencies responsible for disbursing foreign aid and development assistance shall require all applicants for United States aid to disclose any debt the applicant may owe to any entity known to be owned or controlled by the Government of the People’s Republic of China, including loan amounts, duration, rates, and contractual provisions.
United States foreign aid and development assistance may not be used to amortize any loan principal owed to any entity known to be owned or controlled by the Government of the People’s Republic of China.
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