To remove the United States from the International Monetary Fund, the World Bank Group, or the Asian Development Bank if such an institution assists in providing debt relief to the People's Republic of China, and for other purposes.
About This Bill
Committee
Latest Action · July 15, 2026
Referred to the House Committee on Financial Services.
The No More Debt Relief to China Act would require the United States to withdraw from the International Monetary Fund, the World Bank Group, or the Asian Development Bank if the Secretary of the Treasury determines that any of these institutions has provided debt relief to China or to other countries in ways that help China provide debt relief. The bill mandates that the Treasury Secretary complete the withdrawal within 60 days of notifying the relevant institution and prohibits the United States from rejoining any institution it exits under this law. Additionally, the bill requires the Treasury Secretary to oppose any IMF debt relief for China and to obtain monthly reports from these international financial institutions detailing all transactions involving China or China's debt. The bill represents a significant shift in U.S. policy toward multilateral financial institutions and reflects concerns about China's role in global debt dynamics.
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