3.0.0 3188 2023-01-11T13:22:06Z 2023-01-11T13:22:06Z House H HR 2011-10-13 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DOLD:H.R. 3188.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, clause 3, which provides Congress thepower to ``regulate commerce with foreign Nations and amongthe several States.'' This legislation authorizes generalcapital increases for multi-lateral development banks.[Page H6921]]]> hsba00 Financial Services Committee House Standing hsba20 Financial Institutions and Monetary Policy Subcommittee Referred to 2011-10-21T21:08:29Z Markup by 2011-10-12T21:31:04Z Hearings by 2011-10-04T17:41:03Z Referred to 2011-10-13T13:33:30Z Hearings by 2011-06-14T17:38:13Z 2011-10-21 hsba20 Financial Institutions and Monetary Policy Subcommittee 1 House committee actions Referred to the Subcommittee on International Monetary Policy and Trade. Committee 2011-10-13 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-10-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-10-13 Introduced in House IntroReferral 1000 9 Library of Congress 2011-10-12 hsba20 Financial Institutions and Monetary Policy Subcommittee 1 House committee actions Subcommittee Consideration and Mark-up Session Held and Forwarded to Full Committee by the Subcommittee on International Monetary Policy and Trade Prior to Introduction and Referral Revised discussion draft, as amended, ordered favorably reported to the full committee by voice vote. Committee 2011-10-04 hsba20 Financial Institutions and Monetary Policy Subcommittee 1 House committee actions Hearings Held by the Subcommittee on International Monetary Policy and Trade Prior to Introduction and Referral. Committee 2011-09-21 hsba20 Financial Institutions and Monetary Policy Subcommittee 1 House committee actions Hearings Held by the Subcommittee on International Monetary Policy and Trade Prior to Introduction and Referral. Committee 2011-07-27 hsba20 Financial Institutions and Monetary Policy Subcommittee 1 House committee actions Hearings Held by the Subcommittee on International Monetary Policy and Trade Prior to Introduction and Referral. Committee 2011-06-14 hsba20 Financial Institutions and Monetary Policy Subcommittee 1 House committee actions Hearings Held by the Subcommittee on International Monetary Policy and Trade Prior to Introduction and Referral. Committee 2011-06-14 hsba00 Financial Services Committee 1 House committee actions Hearings Held Prior to Introduction and Referral. Committee D000613 Rep. Dold, Robert J. [R-IL-10] Robert Dold R IL J. 10 N International Affairs Africa Argentina Europe Foreign and international banking Foreign loans and debt Government ethics and transparency, public corruption International organizations and cooperation Latin America Multilateral development programs Public contracts and procurement International Affairs 00 2011-10-13 Introduced in House 2011-11-07T21:25:19Z Supporting Economic and National Security by Maintaining U.S. Leadership in Multilateral Development Banks Act - Amends the Bretton Woods Agreements Act, the Inter-American Development Bank Act, the African Development Bank Act, and the European Bank for Reconstruction and Development Act to authorize the U.S. Governors of the International Bank for Reconstruction and Development, the Inter-American Development Bank, the African Development Bank, and the European Bank for Reconstruction and Development to vote for specified increases in the capital stock of the respective Banks.

Amends the International Financial Institutions Act to direct the Secretary of the Treasury to instruct the U.S. Executive Directors at such Banks to initiate discussions to advocate and promote efforts to: (1) require the government of each country receiving adjustment or budget support loans to demonstrate transparent budgetary processes before loan or grant approval, (2) provide greater public disclosure of loan documents of the respective bank, and (3) use technology to make available to the public data about projects carried out using Bank financing as well as about programs of the respective Bank.

Requires the Secretary to instruct the U.S. Executive Directors at the respective Banks to initiate discussions in order to advocate and promote efforts to: (1) implement best practices in domestic laws and international conventions against corruption for whistleblower and witness disclosures, as well as protections against retaliation for internal and lawful public disclosures by Bank employees and others affected by Bank operations; and (2) implement specified anti-corruption procedures.

Requires the Secretary to instruct the U.S. Executive Directors at the respective Banks to advocate and promote efforts to: (1) maintain strong procurement standards that maintain international competitive bidding for projects funded by the respective Bank; and (2) maximize broad U.S. and international participation in accordance with sound procurement practices, including transparency, broad international competition, established standards and documentation for bidding and bid evaluation, and cost-effective results for the borrowers.

Directs the Secretary to instruct the U.S. Executive Directors at the International Bank for Reconstruction and Development and the Inter-American Development Bank to: (1) oppose any loan to the government of Argentina (other than one that serves basic human needs); and (2) initiate discussions with other Executive Directors at the respective Bank to advocate and promote vigorously efforts to encourage Argentina to normalize relations with its official and private creditors and elsewhere in the international community, including in its dealings with the International Centre for Settlement of Investment Disputes, the Paris Club, the Financial Action Task Force, and the International Monetary Fund.]]>

Supporting Economic and National Security by Maintaining U.S. Leadership in Multilateral Development Banks Act Display Title Supporting Economic and National Security by Maintaining U.S. Leadership in Multilateral Development Banks Act Official Title as Introduced To maintain American leadership in multilateral development banks in order to support United States economic and national security by authorizing general capital increases for the International Bank for Reconstruction and Development, the Inter-American Development Bank, the African Development Bank, and the European Bank for Reconstruction and Development, and for other purposes. Introduced in House IH Short Titles as Introduced Supporting Economic and National Security by Maintaining U.S. Leadership in Multilateral Development Banks Act Introduced in House 2011-10-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3188ih/xml/BILLS-112hr3188ih.xml 2011-10-21 Referred to the Subcommittee on International Monetary Policy and Trade. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.