This bill directs the Treasury Secretary to strengthen U.S. leadership at the Inter-American Development Bank by promoting closer collaboration between the IDB and the U.S. International Development Finance Corporation on projects throughout Latin America and the Caribbean. The legislation requires a comprehensive analysis of Chinese influence at the IDB, including all Chinese-financed projects since 2009, with particular attention to those near U.S. military installations or that may threaten American interests. Within 180 days, the Treasury Secretary must deliver an action plan to reduce Chinese involvement at the bank, followed by biennial reports for eight years to monitor progress. The bill also mandates immediate congressional notification if new Chinese-involved projects emerge near sensitive U.S. security locations, reflecting growing concerns about China's expanding economic influence in America's hemisphere.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.