[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2626 Introduced in Senate (IS)]
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119th CONGRESS
1st Session
S. 2626
To strengthen the leadership role of the United States at the Inter-
American Development Bank, and for other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
July 31, 2025
Mr. McCormick (for himself and Mr. Kaine) introduced the following
bill; which was read twice and referred to the Committee on Foreign
Relations
_______________________________________________________________________
A BILL
To strengthen the leadership role of the United States at the Inter-
American Development Bank, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Strengthening United States
Leadership at the IDB Act''.
SEC. 2. DEFINITIONS.
In this Act:
(1) Appropriate congressional committees.--The term
``appropriate congressional committees'' means--
(A) the Committee on Foreign Relations of the
Senate; and
(B) the Committee on Foreign Affairs and the
Committee on Financial Services of the House of
Representatives.
(2) IDB.--The term ``IDB'' means all of the current and
former institutions in the IDB Group, including the Inter-
American Development Bank, the Inter-American Investment
Corporation (commonly known as ``IDB Invest''), IDB Lab, and
any related or predecessor entities.
(3) PRC.--The term ``PRC''--
(A) means the People's Republic of China;
(B) except as provided by subparagraph (C),
includes all Special Administrative Regions of the
People's Republic of China, including Hong Kong and
Macau; and
(C) excludes Taiwan.
(4) PRC entity.--The term ``PRC entity'' means any
corporation, company, limited liability company, limited
partnership, business trust, business association, or other
similar entity owned by, controlled by, or subject to the
jurisdiction or direction of the Government of the People's
Republic of China.
SEC. 3. UNITED STATES POLICY RELATED TO THE PEOPLE'S REPUBLIC OF CHINA
AT INTER-AMERICAN DEVELOPMENT BANK.
The Secretary of the Treasury, in consultation with the Secretary
of State, shall instruct the United States Executive Director at the
Inter-American Development Bank to use the voice, vote, and influence
of the United States to reduce the influence of the PRC and PRC
entities in IDB operations, activities, and projects, including by--
(1) reviewing any IDB projects, or loans, grants, or other
financing, that include entry into a contract, provision of
funding, or provision of other financing, involving the PRC or
PRC entities, for potential risks to the national and economic
security interests of the United States; and
(2) voting against--
(A) any project, or loan, grant, or other
financing, that--
(i) would include the participation of PRC
trust funds created within the IDB; or
(ii) after a review is conducted under
paragraph (1), the United States Executive
Director or the Secretary of the Treasury
determines poses a risk to the national and
economic security interests of the United
States; and
(B) the issuance, sale, or transfer of additional
shares of stock in the IDB to the PRC in a manner that
increases the voting share of the PRC at the IDB
relative to the voting share of the United States.
SEC. 4. ENCOURAGING INTER-AMERICAN DEVELOPMENT BANK PROCUREMENT FROM
UNITED STATES AND PARTNER COUNTRY ENTITIES.
The Secretary of the Treasury shall instruct the United States
Executive Director at the Inter-American Development Bank to use the
voice, vote, and influence of the United States to advocate for--
(1) increased internal and external capacity-building by
the IDB to encourage procurement by entities from the United
States and member countries of the IDB that are allies or
partners of the United States, rather than entities from the
People's Republic of China; and
(2) implementing IDB procurement policies that prioritize
value for money, transparency, and integrity over lowest
upfront cost.
SEC. 5. UNITED STATES DEVELOPMENT FINANCE CORPORATION COLLABORATION
WITH INTER-AMERICAN DEVELOPMENT BANK.
(a) In General.--The Secretary of the Treasury shall instruct the
United States Executive Director at the Inter-American Development Bank
to use the voice, vote, and influence of the United States to encourage
collaboration between the IDB and the United States International
Development Finance Corporation (in this section referred to as the
``Corporation'') on projects, financing, loans, or grants in IDB
borrowing member countries.
(b) Report Required.--Not later than 180 days after the date of the
enactment of this Act, the Chief Executive Officer of the Corporation
shall submit to the appropriate congressional committees a report that
includes the following:
(1) An overview of collaboration between the Corporation
and the IDB since the signing in 2019 of a memorandum of
understanding between the IDB and the Corporation's predecessor
agency with respect to investments in projects in Latin America
and the Caribbean.
(2) An analysis of potential areas to expand collaboration
between the Corporation and the IDB in IDB borrowing member
countries.
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