[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 955 Introduced in Senate (IS)]

111th CONGRESS
  1st Session
                                 S. 955

To authorize United States participation in, and appropriations for the 
  United States contribution to, the African Development Fund and the 
 Multilateral Debt Relief Initiative, to require budgetary disclosures 
     by multilateral development banks, to encourage multilateral 
     development banks to endorse the principles of the Extractive 
      Industries Transparency Initiative, 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, and appropriations for the 
  United States contribution to, the African Development Fund and the 
 Multilateral Debt Relief Initiative, to require budgetary disclosures 
     by multilateral development banks, to encourage multilateral 
     development banks to endorse the principles of the Extractive 
      Industries Transparency Initiative, 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 ``African Development Fund 
Replenishment Act of 2009''.

SEC. 2. AFRICAN DEVELOPMENT FUND.

    The African Development Fund Act (22 U.S.C. 290g et seq.) is 
amended by adding at the end the following:

``SEC. 219. ELEVENTH REPLENISHMENT.

    ``(a) In General.--The United States Governor of the Fund is 
authorized to contribute on behalf of the United States $468,165,000 to 
the eleventh replenishment of the resources of the Fund, subject to 
obtaining the necessary appropriations.
    ``(b) Authorization of Appropriations.--In order to pay for the 
United States contribution provided for in subsection (a), there are 
authorized to be appropriated, without fiscal year limitation, 
$468,165,000 for payment by the Secretary of the Treasury.

``SEC. 220. MULTILATERAL DEBT RELIEF INITIATIVE.

    ``(a) In General.--The Secretary of the Treasury is authorized to 
contribute, on behalf of the United States, not more than $26,000,000 
to the African Development Fund for the purpose of funding debt relief 
under the Multilateral Debt Relief Initiative, 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) Authorization of Appropriations.--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 $26,000,000 for payment by the Secretary of the Treasury.
    ``(c) Multilateral Debt Relief Initiative Defined.--In this 
section, the term `Multilateral Debt Relief Initiative' means the 
proposal set out in the G8 Finance Ministers' Joint Communique entitled 
`Conclusions on Development', London, June 11, 2005, and reaffirmed by 
G8 Heads of State at the Gleneagles Summit on July 8, 2005.''.

SEC. 3. BUDGET DISCLOSURE AND ENDORSEMENT OF EXTRACTIVE INDUSTRIES 
              TRANSPARENCY INITIATIVE BY MULTILATERAL DEVELOPMENT 
              BANKS.

    (a) Budgetary Disclosure.--
            (1) In general.--The Secretary of the Treasury shall seek 
        to ensure that each multilateral development bank discloses to 
        member countries the operating budget of the bank, including 
        expenses for staff, consultants, travel, and facilities.
            (2) Report.--Not later than December 1, 2009, the Secretary 
        of the Treasury shall submit to Congress a report describing 
        the status of the budget disclosure of each multilateral 
        development bank required by paragraph (1). The report shall 
        contain an assessment of--
                    (A) the degree to which each such bank has 
                disclosed the budget of the bank; and
                    (B) how the budget disclosure of each such bank may 
                be improved in order to permit the evaluation of the 
                budget by member countries.
    (b) Endorsement of Extractive Industries Transparency Initiative.--
            (1) In general.--The Secretary of the Treasury shall direct 
        the United States Executive Director of each multilateral 
        development bank to use the voice and vote of the United States 
        to ensure that the bank--
                    (A) endorses the principles of the Extractive 
                Industry Transparency Initiative; and
                    (B) integrates such principles into any project 
                funded by the bank that is related to an extractive 
                industry.
            (2) Report.--Not later than December 1, 2009, the Secretary 
        of the Treasury shall submit to Congress a report--
                    (A) listing each multilateral development bank that 
                has endorsed the principles of the Extractive Industry 
                Transparency Initiative; and
                    (B) assessing the extent to which each such bank 
                has integrated such principles into the projects of the 
                bank.
    (c) Definitions.--In this section:
            (1) Multilateral development bank.--The term ``multilateral 
        development bank'' has the meaning given that term in section 
        1307(g) of the International Financial Institutions Act (22 
        U.S.C. 262m-7(g)).
            (2) Principles of the extractive industry transparency 
        initiative.--The term ``principles of the Extractive Industry 
        Transparency Initiative'' means the principles contained in the 
        Statement of Principles and Agreed Actions of the Extractive 
        Industries Transparency Initiative, agreed to in London June 
        17, 2003.
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