Bill > HR7726

This bill authorizes the tenth general capital increase for the Inter-American Development Bank, a multilateral development bank focused on the Western Hemisphere. The bill expresses the sense of Congress that China's predatory lending practices in Latin America and the Caribbean negatively impact U.S. interests, and that the capital increase would strengthen the Bank's ability to help countries in the region achieve sustainable and serviceable debt structures. The bill authorizes the U.S. to vote for the capital increase and subscribe additional shares, while limiting the appropriations for this purpose. It also requires the U.S. to use its influence at the Bank to support efforts to help countries restructure debt resulting from Chinese sovereign lending and establish safeguards to prevent future Chinese debt.

Business and Industry

https://www.congress.gov/bill/117th-congress/house-bill/7726/all-info