Bill Sponsor
House Bill 3326
115th Congress(2017-2018)
World Bank Accountability Act of 2017
Active
Amendments
Active
Passed House on Jan 17, 2018
Overview
Text
Sponsor
Introduced
Jul 20, 2017
Latest Action
Jan 18, 2018
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3326
Congress
115
Policy Area
International Affairs
International Affairs
Primary focus of measure is matters affecting foreign aid, human rights, international law and organizations; national governance; arms control; diplomacy and foreign officials; alliances and collective security. Measures concerning trade agreements, tariffs, foreign investments, and foreign loans may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Kentucky
Democrat
California
House Votes (1)
Senate Votes (0)
checkPassed on January 17, 2018
Question
On Passage
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
Recorded Vote
Roll Number
24
House Roll Call Votes
Summary

World Bank Accountability Act of 2017

This bill provides that for each of FY2018-FY2023, 15% of appropriations for the World Bank's International Development Association shall be withheld and not disbursed until the Department of the Treasury reports to Congress that the International Bank for Reconstruction and Development: (1) is implementing institutional incentives that prioritize poverty reduction, development outcomes, and capable project management over the Bank's lending and grant making volume; (2) is taking, or has completed, steps to address the management failures from the Uganda Transport Sector Development Project; and (3) is strengthening its trust fund management in order to increase accountability for poverty reduction and development outcomes.

An additional 15% of appropriations for such fiscal years shall be withheld and not disbursed until Treasury reports that the International Bank for Reconstruction and Development: (1) is emphasizing its support for secure property rights, due process of law, and economic freedom as essential to sustained poverty reduction in World Bank borrowing countries; (2) has not approved any loans or grants to a country designated by the U.S. as a state sponsor of terrorism and is strengthening the ability of Bank-funded projects to undermine violent extremism; (3) is taking steps to conduct randomized forensic audits of projects receiving Bank assistance; and (4) is working to detect and minimize corruption in projects involving development policy lending.

Such conditions will be considered to have been satisfied for a fiscal year if they have been satisfied for the preceding three fiscal years.

The bill amends the International Development Association Act to authorize the Governor of the International Development Association to contribute a specified amount on behalf of the United States to the 18th replenishment of the association's resources.

Text (4)
January 18, 2018
January 17, 2018
September 7, 2017
July 20, 2017
Amendments (3)
Jan 17, 2018
Agreed to in House
1
Sponsorship
House Amendment 513
An amendment numbered 3 printed in Part A of House Report 115-518 to make U.S. opposition to IDA assistance for a foreign government mandatory if the government knowingly fails to enforce UN Security Council sanctions against North Korea.
Agreed To
Jan 17, 2018
Agreed to in House
1
Sponsorship
House Amendment 512
Amendment requires a report on steps taken by the World Bank to ensure G-5 visa holders employed by World Bank diplomats and staff are informed of the protections afforded to them pursuant to the William Wilberforce Trafficking Victims Protection Reauthorization Act.
Agreed To
Jan 17, 2018
Agreed to in House
1
Sponsorship
House Amendment 511
An amendment numbered 1 printed in Part A of House Report 115-518 to modify a Treasury reporting requirement to ensure that the World Bank is promoting reduction of government barriers to entrepreneurship as an important component of poverty reduction.
Agreed To
Public Record
Record Updated
Jan 11, 2023 1:37:23 PM