[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3326 Reported in House (RH)]

<DOC>





                                                 Union Calendar No. 214
115th CONGRESS
  1st Session
                                H. R. 3326

                          [Report No. 115-298]

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 20, 2017

   Mr. Barr introduced the following bill; which was referred to the 
                    Committee on Financial Services

                           September 7, 2017

                    Additional sponsor: Mr. Sherman

                           September 7, 2017

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]
 [For text of introduced bill, see copy of bill as introduced on July 
                               20, 2017]


_______________________________________________________________________

                                 A BILL


 
     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 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.

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.

    ``The Secretary of the Treasury should 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 assistance 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.''.

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.''.
                                                 Union Calendar No. 214

115th CONGRESS

  1st Session

                               H. R. 3326

                          [Report No. 115-298]

_______________________________________________________________________

                                 A BILL

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

_______________________________________________________________________

                           September 7, 2017

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed