[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 954 Introduced in Senate (IS)]

111th CONGRESS
  1st Session
                                 S. 954

   To authorize United States participation in the replenishment of 
 resources of the International Development Association, and for other 
                               purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 1, 2009

 Mr. Kerry (for himself and Mr. Lugar) introduced the following bill; 
which was read twice and referred to the Committee on Foreign Relations

_______________________________________________________________________

                                 A BILL


 
   To authorize United States participation in the replenishment of 
 resources of the International Development Association, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``World Bank International Development 
Association Replenishment Act of 2009''.

SEC. 2. DEFINITIONS.

    In this Act:
            (1) Greenhouse gas.--The term ``greenhouse gas'' means 
        carbon dioxide, methane, nitrous oxide, sulfur hexafluoride, a 
        perfluorocarbon, or a hydrofluorocarbon.
            (2) Multilateral development bank.--The term ``multilateral 
        development bank'' has the meaning given that term in section 
        1307 of the International Financial Institutions Act (22 U.S.C. 
        262m-7).

SEC. 3. EXPANSION OF CLIMATE CHANGE MITIGATION ACTIVITIES OF, AND USE 
              OF GREENHOUSE GAS ACCOUNTING BY, MULTILATERAL DEVELOPMENT 
              BANKS.

    Title XIII of the International Financial Institutions Act (22 
U.S.C. 262m et seq.) is amended by adding at the end the following:

``SEC. 1308. EXPANSION OF CLIMATE CHANGE MITIGATION ACTIVITIES OF, AND 
              USE OF GREENHOUSE GAS ACCOUNTING BY, MULTILATERAL 
              DEVELOPMENT BANKS.

    ``(a) Use of Greenhouse Gas Accounting.--The Secretary of the 
Treasury shall seek to ensure that multilateral development banks (as 
defined in section 1701(c)(4)) adopt and implement greenhouse gas 
accounting in analyzing the benefits and costs of individual projects 
(excluding those with de minimus greenhouse gas emissions) for which 
funding is sought from the bank.
    ``(b) Sense of Congress.--It is the sense of Congress that adopting 
and implementing greenhouse gas accounting includes--
            ``(1) calculating net greenhouse gas flows;
            ``(2) establishing uniform calculation techniques, with 
        provision for modification as professional standards evolve;
            ``(3) making public the calculation techniques and 
        calculations;
            ``(4) measuring greenhouse gas emissions of individual 
        projects;
            ``(5) considering global social costs of the emissions when 
        evaluating the economic cost benefit of such projects; and
            ``(6) performing greenhouse gas accounting for each such 
        project.
    ``(c) Expansion of Climate Change Mitigation Activities.--The 
Secretary of the Treasury shall work to ensure that the multilateral 
development banks (as defined in section 1701(c)(4)) expand their 
activities supporting climate change mitigation by--
            ``(1) expending support for investments in energy 
        efficiency and renewable energy;
            ``(2) reviewing all proposed infrastructure investments to 
        ensure that all opportunities for integrating viable energy 
        efficiency measures have been considered;
            ``(3) increasing the dialogue with the governments of 
        developing countries regarding--
                    ``(A) analysis and policy measures needed for low 
                carbon emission economic development; and
                    ``(B) reforms needed to promote private sector 
                engagement in renewable and energy efficiency 
                investments; and
            ``(4) integrate low carbon emission economic development 
        objectives into multilateral development bank country 
        strategies.
    ``(d) Report to Congress.--Not later than 1 year after the date of 
the enactment of this section, and annually thereafter, the Secretary 
of the Treasury shall submit a report on the status of efforts to 
implement this section to the Committee on Foreign Relations of the 
Senate and the Committee on Financial Services of the House of 
Representatives.''.

SEC. 4. ANTI-CORRUPTION CAPACITY BUILDING.

    The Secretary of the Treasury shall instruct the United States 
Executive Director at the World Bank to--
            (1) urge the World Bank to help countries build capacity to 
        investigate, adjudicate, and punish corruption and all crimes 
        in a manner consistent with well-established law enforcement 
        and judicial norms; and
            (2) actively promote efforts to enhance and extend programs 
        that improve recipient countries' ability to prevent, 
        investigate, and prosecute fraud and corruption, including in 
        projects funded by the World Bank, through initiatives aimed 
        at--
                    (A) building institutional capacity across 
                recipient country government agencies;
                    (B) improving transparency and accountability 
                mechanisms throughout government;
                    (C) promoting public education of the costs of 
                corruption;
                    (D) encouraging recipient countries to adopt 
                enforceable sanctions;
                    (E) supporting the judicial sector in low-income 
                countries to include investigative and prosecutorial 
                functions of the criminal justice system, as permitted 
                by determinations of noninterference in political 
                matters required by the World Bank Articles of 
                Agreement; and
                    (F) developing additional tools for the detection 
                of fraud and corruption in World Bank projects as 
                additional preventative measures and to equip recipient 
                countries with more real-time data to support in-
                country investigations at earlier stages of the project 
                cycle.

SEC. 5. REPORTS ON PROCESS TO ADDRESS INSPECTION FUNCTIONS WITHIN THE 
              MULTILATERAL DEVELOPMENT BANKS.

    The Secretary of the Treasury shall instruct the United States 
Executive Director at each multilateral development bank to use the 
voice and vote of the United States to--
            (1) encourage the World Bank Inspection Panel, the 
        Compliance Advisor Ombudsman of the International Finance 
        Corporation and Multilateral Investment Guarantee Agency, the 
        African Development Bank Independent Review Mechanism, the 
        InterAmerican Development Bank Independent Investigation 
        Mechanism, the Asian Development Bank Accountability Mechanism, 
        and the European Bank for Reconstruction and Development 
        Independent Recourse Mechanism to include, if not done already, 
        in their respective publications, an assessment of--
                    (A) the number of cases, key findings, and outcomes 
                of completed inspection processes;
                    (B) the level and extent of participation of 
                requesters and other affected people in the compliance 
                investigation process, including the extent to which 
                their concerns were raised before the Board and senior 
                management of the bank;
                    (C) the level and extent of participation of 
                requesters and other affected people in the problem-
                solving process, where applicable; and
                    (D) inclusion of stakeholders in the creation of 
                action plans or remedial agreements to--
                            (i) remedy identified violations of the 
                        policies and procedures of the bank; and
                            (ii) address outstanding issues identified 
                        in a problem-solving process, if applicable; 
                        and
            (2) strengthen the inspection mechanism in such development 
        banks where the Department of the Treasury has identified 
        weaknesses.

SEC. 6. EVALUATION.

    (a) In General.--The Secretary of the Treasury shall seek to ensure 
that multilateral development banks--
            (1) rigorously evaluate the development impact of selected 
        bank projects, programs, and financing operations; and
            (2) use random assignment in conducting the evaluations 
        described in paragraph (1), to the extent feasible.
    (b) Sense of Congress.--It is the sense of Congress that--
            (1) multilateral development banks should rigorously 
        evaluate the development impact of selected bank projects, 
        programs, and financing operations;
            (2) the evaluations described in paragraph (1) should--
                    (A) focus strategically on building a body of 
                research-proven approaches that have sizeable, 
                sustained impacts on important development outcomes; 
                and
                    (B) use random assignment to the extent feasible; 
                and
            (3) multilateral development banks should issue an annual 
        report or similar publication with details about--
                    (A) the questions being addressed;
                    (B) the rationale for selecting the projects, 
                programs, and financing operations that are being 
                evaluated;
                    (C) the methodologies used in the evaluations; and
                    (D) the findings from the completed evaluations.

SEC. 7. INTERNATIONAL DEVELOPMENT ASSOCIATION.

    The International Development Association Act (22 U.S.C. 284 et 
seq.) is amended by adding at the end the following:

``SEC. 24. FIFTEENTH REPLENISHMENT.

    ``(a) The United States Governor of the International Development 
Association is authorized to contribute, on behalf of the United 
States, $3,705,000,000 to the fifteenth replenishment of the resources 
of the Association, subject to obtaining the necessary appropriations.
    ``(b) In order to pay for the United States contribution provided 
for in subsection (a), there are authorized to be appropriated 
$3,705,000,000 for payment by the Secretary of the Treasury.

``SEC. 25. MULTILATERAL DEBT RELIEF.

    ``(a) The Secretary of the Treasury is authorized to contribute, on 
behalf of the United States, not more than $356,000,000 to the 
International Development Association for the purpose of funding debt 
relief under the Multilateral Debt Relief Initiative in the period 
governed by the fifteenth replenishment of resources of the 
International Development Association, subject to obtaining the 
necessary appropriations and without prejudice to any funding 
arrangements in existence on the date of the enactment of this section.
    ``(b) In order to pay for the United States contribution provided 
for in subsection (a), there are authorized to be appropriated, without 
fiscal year limitation, not more than $356,000,000 for payment by the 
Secretary of the Treasury.
    ``(c) In this section, the term `Multilateral Debt Relief 
Initiative' means the proposal set out in the G8 Finance Ministers' 
Communique entitled `Conclusions on Development,' done at London, June 
11, 2005, and reaffirmed by G8 Heads of State at the Gleneagles Summit 
on July 8, 2005.''.

SEC. 8. COORDINATION OF DEVELOPMENT POLICY.

    (a) Study.--The Secretary of the Treasury, in coordination with the 
Secretary of State, the Administrator of the United States Agency for 
International Development, and other Federal agencies, as appropriate, 
shall conduct a study on the respective roles each agency plays in the 
formulation of United States policy concerning the development policy, 
programs, and activities of the World Bank Group.
    (b) Report.--
            (1) Submission.--Not later than 1 year after the date of 
        the enactment of this Act, the Secretary of the Treasury shall 
        submit a report that includes the results of the study 
        conducted under subsection (a) to--
                    (A) the Committee on Foreign Relations of the 
                Senate; and
                    (B) the Committee on Financial Services of the 
                House of Representatives.
            (2) Contents.--The report submitted under paragraph (1) 
        shall specifically address and evaluate the degree and extent 
        of interagency coordination in the formulation and 
        implementation of United States policy relating to the 
        development activities of the World Bank Group.
                                 <all>