Last progress July 31, 2025 (4 months ago)
Introduced on July 31, 2025 by David Harold McCormick
Read twice and referred to the Committee on Foreign Relations.
This bill tells U.S. officials at the Inter-American Development Bank (IDB) to push back on the influence of the Chinese government and its companies. It directs them to review IDB projects that involve China for national or economic security risks, vote against risky deals or deals funded by Chinese trust funds, and oppose giving China more voting power at the bank. It also urges the IDB to buy more from U.S. and allied-country businesses and to focus on best value, transparency, and integrity—not just the lowest sticker price. Finally, it encourages closer teamwork between the IDB and the U.S. International Development Finance Corporation and requires a report on how to expand that work within 180 days of the law taking effect .
In everyday terms, this could shift who wins contracts for roads, energy, and other projects in Latin America and the Caribbean. U.S. firms could see more chances to compete, while projects tied to China could face more scrutiny or get blocked if they’re seen as risky. The goal is to guide development money toward partners the U.S. trusts and to line up more joint financing for the region .
| Who is affected | What changes | When |
|---|---|---|
| U.S. companies and workers | More chances to bid on IDB-funded projects as procurement shifts toward U.S. and partner countries | Starts after enactment; a progress report is due within 180 days |
| IDB borrowing countries in Latin America/Caribbean | More joint financing and project support from the IDB and the U.S. development finance agency | After enactment; collaboration encouraged on an ongoing basis |
| Chinese state-linked companies | More reviews, possible “no” votes on deals seen as security risks; no increase in China’s voting power at the IDB | After enactment, ongoing |