To require a report on the People’s Republic of China’s use of international financial institutions, to set United States policy regarding the identification of the People’s Republic of China as a developing nation and address this matter in regional multilateral financial institutions, to prohibit the use of Federal funds to purchase certain goods from the People’s Republic of China, and for other purposes.
About This Bill
Committee
Latest Action · February 15, 2022
Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Securing Transparent Operations to Prevent China's Abuse of International Financing Act or the STOP China's Abuse of International Financing Act
This bill requires U.S. representatives to the United Nations, the World Trade Organization, and specified international financial institutions to take actions to address China's role in such institutions.
The representatives to these institutions must (1) advocate and vote against their respective institutions using U.S. contributions to procure goods from (or sourced in) China, and (2) pursue procedural changes so that their respective institutions do not consider China a developing nation for any purpose.
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