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Introduced May 6, 2025 by Maxine Waters · Last progress May 6, 2025
The bill increases U.S. financial support and pushes multilateral banks and the IMF toward greater transparency, climate resilience, and safeguards—benefiting vulnerable countries and project‑affected people—while raising significant taxpayer costs, administrative burdens, and constraints on U.S. diplomatic and IFI flexibility.
U.S. taxpayers and borrowers: The bill authorizes substantial U.S. financial support (roughly $8.83 billion in authorizations and paid‑in/callable capital purchases) that expands concessional lending capacity at AfDF, AfDB, and EBRD to finance development, reconstruction, and crisis response.
People in low‑ and middle‑income disaster‑hit countries: The bill lets eligible countries pause IMF principal and interest payments for up to five years (or until GDP recovers), easing immediate fiscal strain after climate or other disasters.
Citizens in borrowing countries and U.S. nonprofits: The bill increases IFI transparency and formalizes civil‑society consultation and public disclosure (project purposes, beneficiaries, loan agreements, and semiannual Treasury reporting), improving public information and avenues to influence projects.
U.S. taxpayers: The bill would authorize large upfront appropriations and commitments (roughly $8.83 billion plus callable capital), increasing near‑term fiscal outlays and exposing the U.S. to potential future contingent liabilities.
U.S. foreign‑policy flexibility and diplomatic leverage: Restrictions that limit Executive discretion to withdraw support or require Congressional authorization and directives to oppose IFI projects can reduce U.S. agility to manage urgent governance or diplomatic disputes and may strain relations with other shareholders.
Federal agencies, IFIs, and project implementers: New reporting, consultation, risk‑mitigation, audit, and compliance requirements will raise administrative workloads and program complexity, increasing costs and potentially slowing approvals and implementation.
Based on analysis of 9 sections of legislative text.
Directs Treasury to push IFIs for greater transparency, civil‑society engagement, and stronger anti‑corruption and IMF lending rules; authorizes specific U.S. capital contributions to three MDB increases.
Directs the Treasury Secretary to use U.S. voice, vote, and influence at international financial institutions to push for clearer public disclosure of projects, stronger civil‑society engagement, measurable anti‑corruption and governance measures, and changed IMF lending practices (including debt‑suspension for climate disasters and restricting certain loan conditions). It also limits U.S. ability to withdraw from or terminate participation in an international financial institution without congressional authorization and authorizes specific U.S. capital contributions to three multilateral development bank capital increases (including amounts and conditions for appropriations).