Last progress July 21, 2025 (4 months ago)
Introduced on July 21, 2025 by John A. Barrasso
Read twice and referred to the Committee on Foreign Relations. (text: CR S4506)
This bill tells the U.S. to push back against new loans or aid from major international development banks—like the World Bank and the Asian Development Bank—to China. It says China’s economy is large and above the income level these banks use to decide who still needs their help. Because of that, the U.S. would oppose any new lending or technical help to China at these banks . The bill directs the U.S. Treasury to tell our representatives at these banks to vote against such loans and to push the banks to stop lending to any country that is over the banks’ income cutoff for aid .
The bill also requires a yearly report. Within one year, and then every year after, Treasury must report to Congress on China’s borrowing from these banks, China’s role and voting power there, and which countries have crossed the banks’ income threshold or fully “graduated” from aid. The report must also explain what the U.S. did to move countries off aid once they pass the income cutoff . The findings note that China exceeded the income threshold years ago and still received significant loans from the World Bank and the Asian Development Bank in recent years .
| Who is affected | What changes | When |
|---|---|---|
| China and similar higher-income countries | U.S. will oppose new loans or aid to them at these banks | Starts after the bill becomes law; first report due in 1 year, then yearly |
| U.S. representatives at the banks | Must vote and advocate to stop such lending | Ongoing after enactment |
| International development banks (e.g., World Bank, ADB) | Pressure to end lending to countries over the banks’ income cutoff | Ongoing after enactment |