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Bill · 119th Congress · S 2626
Strengthening United States Leadership at the IDB Act
Refreshed 5 h ago
Introduced 2025-07-31Topic: economy jobs · governance ethicsSummary
AI-generated summary, report an errorThis bill directs the Secretary of the Treasury to instruct the U.S. Executive Director at the Inter-American Development Bank (IDB) to work to reduce the influence of China and Chinese-controlled companies in IDB operations. The U.S. representative would review IDB projects involving China for national and economic security risks and vote against certain projects and against stock sales that raise China's voting share relative to the U.S. The U.S. would also push for IDB purchasing from U.S. and partner-country companies and for collaboration with the U.S. International Development Finance Corporation. The Treasury Secretary would report to Congress within 180 days, and every 2 years after for 8 years, on China's role at the IDB, and post public summaries online.
Sponsors
- David McCormick Republican sponsor
- 1 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-10-30 | Senate | Placed on Senate Legislative Calendar under General Orders. Calendar No. 240. | |
| 2025-10-30 | Senate | Committee on Foreign Relations. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report. | refer |
| 2025-10-30 | Committee on Foreign Relations. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report. | report | |
| 2025-10-22 | Senate | Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably. | refer |
| 2025-07-31 | Senate | Read twice and referred to the Committee on Foreign Relations. | refer |
| 2025-07-31 | Introduced in Senate | introduce |