No More Debt Relief to China Act

This bill would require the Secretary of the Treasury to give notice withdrawing the United States from the International Monetary Fund if it provides relief to China on a loan it made to China. It would also require withdrawal from World Bank Group institutions or the Asian Development Bank if their loan relief to a country helps China provide relief on China's own loans to that country. Withdrawal would have to be completed within 60 days of notice, and the United States could not rejoin. The bill also directs the U.S. representative at the IMF to vote against such relief and requires the Treasury to obtain monthly transaction reports from these institutions and send them to Congress.

Full text and official record on Congress.gov

Sponsors

• Scott Perry Republican sponsor
• 0 cosponsors