summary
Introduced
02/21/2020
02/21/2020
In Committee
02/28/2020
02/28/2020
Crossed Over
03/03/2020
03/03/2020
Passed
Dead
12/31/2020
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)
Official Document
bill text
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bill summary
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