Bill

Bill > HR5932


US HR5932

Ensuring Chinese Debt Transparency Act of 2020


summary

Introduced
02/21/2020
In Committee
02/28/2020
Crossed Over
03/03/2020
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

Ensuring Chinese Debt Transparency Act of 2020 Ensuring Chinese Debt Transparency Act of 2020 This bill states that it is U.S. policy to push for greater transparency with respect to financing provided by China to another country through international financial institutions such as the International Monetary Fund. The National Advisory Council on International Monetary and Financial Policies within the Department of the Treasury shall report annually on progress made toward advancing this policy.

AI Summary

This bill states that it is U.S. policy to push for greater transparency with respect to financing provided by China to another country through international financial institutions such as the International Monetary Fund. The National Advisory Council on International Monetary and Financial Policies within the Department of the Treasury shall report annually on progress made toward advancing this policy. The provisions in the bill will sunset either after 7 years or 30 days after the Secretary reports that China is in substantial compliance with the rules and principles of the Paris Club, an informal group of official creditors that aims to find coordinated and sustainable solutions to the payment difficulties experienced by debtor countries.

Committee Categories

Business and Industry, Government Affairs

Sponsors (3)

Last Action

Received in the Senate and Read twice and referred to the Committee on Foreign Relations. (on 03/03/2020)

bill text


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