Bill > S2362

This bill, known as the "Ending Lending to China Act of 2025," aims to stop multilateral development banks (international financial institutions that provide loans and assistance to developing countries) from providing financial support to China. The bill highlights that China is now the world's second-largest economy with over $3.28 trillion in foreign exchange reserves and has been classified as an upper-middle-income country that has declared victory over extreme poverty. The legislation requires the U.S. Treasury Secretary to direct the United States' representatives at these banks to oppose any loans or financial assistance to China, particularly since China exceeded the "graduation discussion income" threshold in 2016 - which means it should no longer qualify for development bank support. The bill notes that despite this, institutions like the World Bank and Asian Development Bank have continued to approve significant loans to China (over $12.9 billion and $901 million respectively in recent years). The Treasury Secretary must also submit an annual report to congressional committees detailing China's borrowing status, voting power in these banks, and a list of countries that have exceeded income thresholds for assistance. The ultimate policy goal is to prevent continued financial assistance to China from multilateral development banks once a country has reached a sufficient level of economic development.

Government Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/2362/all-info