[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3326 Referred in Senate (RFS)]

<DOC>
115th CONGRESS
  2d Session
                                H. R. 3326


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 18, 2018

Received; read twice and referred to the Committee on Foreign Relations

_______________________________________________________________________

                                 AN ACT


 
     To increase accountability, combat corruption, and strengthen 
              management effectiveness at the World Bank.

    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 Accountability Act of 
2017''.

SEC. 2. WITHHOLDING OF FUNDS UNTIL CERTAIN CONDITIONS ARE MET.

    (a) Institutional Reforms.--
            (1) In general.--With respect to each of fiscal years 2018 
        through 2023, in addition to any amounts withheld from 
        disbursement under subsection (b), 15 percent of the amounts 
        provided in appropriations Acts for the International 
        Development Association for the fiscal year--
                    (A) shall be withheld from disbursement until the 
                conditions of paragraph (2) or (3) are satisfied; and
                    (B)(i) shall be disbursed after the conditions of 
                paragraph (2) are satisfied; and
                    (ii) may be disbursed after the conditions of 
                paragraph (3) are satisfied.
            (2) Initial conditions.--The conditions of this paragraph 
        are satisfied with respect to the amounts provided in 
        appropriations Acts for a fiscal year if, in the fiscal year, 
        the Secretary of the Treasury reports to the appropriate 
        congressional committees that the International Bank for 
        Reconstruction and Development--
                    (A) is implementing institutional incentives, 
                including through formal staff evaluation criteria, 
                that prioritize poverty reduction, development 
                outcomes, and capable project management over the 
                volume of the Bank's lending and grantmaking;
                    (B) is taking steps to address the management 
                failures described in Inspection Panel Investigation 
                Report 106710-UG, and to prevent their recurrence in 
                countries that are eligible for World Bank support; and
                    (C) is taking measures to strengthen its management 
                of trust funds, with the goal of increasing the 
                accountability of the trust funds for poverty reduction 
                and development outcomes.
            (3) Subsequent conditions.--The conditions of this 
        paragraph are satisfied if the Secretary of the Treasury 
        reports to the appropriate congressional committees, in each of 
        the 3 fiscal years most recently preceding the fiscal year in 
        which the report is made, that the International Bank for 
        Reconstruction and Development has instituted the measures 
        described in paragraph (2) of this subsection and the measures 
        described in subsection (b)(2).
    (b) Governance and Anticorruption Reforms.--
            (1) In general.--With respect to each of fiscal years 2018 
        through 2023, in addition to any amounts withheld from 
        disbursement under subsection (a), 15 percent of the amounts 
        provided in appropriations Acts for the International 
        Development Association for the fiscal year--
                    (A) shall be withheld from disbursement until the 
                conditions of paragraph (2) or (3) are satisfied; and
                    (B)(i) shall be disbursed after the conditions of 
                paragraph (2) are satisfied; and
                    (ii) may be disbursed after the conditions of 
                paragraph (3) are satisfied.
            (2) Initial conditions.--The conditions of this paragraph 
        are satisfied with respect to the amounts provided in 
        appropriations Acts for a fiscal year if, in the fiscal year, 
        the Secretary of the Treasury reports to the appropriate 
        congressional committees that the International Bank for 
        Reconstruction and Development--
                    (A) is emphasizing in appropriate operational 
                policies, directives, and country strategies its 
                support for secure property rights, due process of law, 
                and economic freedom, including reduction of government 
                barriers to entrepreneurship, as essential conditions 
                for sustained poverty reduction in World Bank borrowing 
                countries;
                    (B)(i) in the preceding fiscal year, has not 
                approved any loans or grants assistance by the Bank to 
                a country designated by the United States as a state 
                sponsor of terrorism; and
                    (ii) is strengthening the ability of Bank-funded 
                projects to undermine violent extremism;
                    (C) is taking steps to conduct forensic audits of 
                projects receiving assistance from the Bank, increase 
                the number of the forensic audits, and strengthen the 
                capacity of the Bank's Integrity Vice Presidency, and 
                that not less than 50 percent of the forensic audits 
                initiated by the Bank in each fiscal year are of 
                projects randomly selected from among International 
                Development Association borrowing countries; and
                    (D) is taking measures to detect and minimize 
                corruption in all World Bank projects involving 
                development policy lending.
            (3) Subsequent conditions.--The conditions of this 
        paragraph are satisfied if the Secretary of the Treasury 
        reports to the appropriate congressional committees, in each of 
        the 3 fiscal years most recently preceding the fiscal year in 
        which the report is made that the International Bank for 
        Reconstruction and Development has instituted the measures 
        described in paragraph (2) of this subsection and the measures 
        described in subsection (a)(2).
    (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means the Committees 
on Financial Services and on Appropriations of the House of 
Representatives and the Committees on Foreign Relations and on 
Appropriations of the Senate.

SEC. 3. REPORTS TO CONGRESS.

    The Chairman of the National Advisory Council on International 
Monetary and Financial Policies shall include in the report required by 
section 1701 of the International Financial Institutions Act for each 
of fiscal years 2018 through 2023 a detailed description of the actions 
undertaken by the International Bank for Reconstruction and Development 
in the fiscal year covered by the report to institute the measures 
described in subsections (a)(2) and (b)(2) of section 2 of this Act, to 
institute the measures described in section 203 of the William 
Wilberforce Trafficking Victims Protection Reauthorization Act of 2008 
(8 U.S.C. 1375c), and to ensure that persons to whom a G-5 visa (as 
defined in such section 203) has been issued and who are employed by a 
diplomat or staff of the Bank are informed of their rights and 
protections under such section 203.

SEC. 4. OPPOSITION TO WORLD BANK ASSISTANCE FOR GOVERNMENT THAT FAILS 
              TO IMPLEMENT OR ENFORCE MEASURES REQUIRED UNDER AN 
              APPLICABLE UNITED NATIONS SECURITY COUNCIL RESOLUTION.

    The Bretton Woods Agreements Act (22 U.S.C. 286 et seq.) is amended 
by adding at the end the following:

``SEC. 73. OPPOSITION TO ASSISTANCE FOR GOVERNMENT THAT FAILS TO 
              IMPLEMENT OR ENFORCE MEASURES REQUIRED UNDER AN 
              APPLICABLE UNITED NATIONS SECURITY COUNCIL RESOLUTION.

    ``(a) In General.--The Secretary of the Treasury shall instruct the 
United States Executive Director at the International Bank for 
Reconstruction and Development to use the voice and vote of the United 
States to oppose the provision of financial assistance, other than 
assistance to support basic human needs, to the government of a 
borrowing country of the International Development Association if the 
President of the United States determines that the government has 
knowingly failed to implement or enforce sanctions required under an 
applicable United Nations Security Council resolution (as defined in 
section 3 of the North Korea Sanctions and Policy Enhancement Act of 
2016 (Public Law 114-122; 22 U.S.C. 9202)) that is in effect.
    ``(b) Waiver.--The President may waive subsection (a) for not more 
than 180 days at a time with respect to a foreign government if the 
President reports to the Congress that--
            ``(1) the failure described in subsection (a) by the 
        foreign government is due exclusively to a lack of capacity of 
        the foreign government;
            ``(2) the foreign government is taking effective steps to 
        prevent the failure from recurring; or
            ``(3) the waiver is vital to the national security 
        interests of the United States.''.

SEC. 5. EIGHTEENTH REPLENISHMENT OF THE INTERNATIONAL DEVELOPMENT 
              ASSOCIATION; REDUCTION FROM IDA-17 AUTHORIZED LEVEL.

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

``SEC. 30. EIGHTEENTH REPLENISHMENT.

    ``(a) Contribution Authority.--The United States Governor of the 
International Development Association may contribute on behalf of the 
United States $3,291,030,000 to the eighteenth replenishment of the 
resources of the Association, subject to obtaining the necessary 
appropriations.
    ``(b) Limitations on Authorization of Appropriations.--In order to 
pay for the contribution provided for in subsection (a), there are 
authorized to be appropriated, without fiscal year limitation, 
$3,291,030,000 for payment by the Secretary of the Treasury.''.

            Passed the House of Representatives January 17, 2018.

            Attest:

                                                 KAREN L. HAAS,

                                                                 Clerk.