[Congressional Record Volume 168, Number 156 (Tuesday, September 27, 2022)]
[Senate]
[Pages S5066-S5067]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 5667. Mr. KENNEDY submitted an amendment intended to be proposed 
to amendment SA 5499 submitted by Mr. Reed (for himself and Mr. Inhofe) 
and intended to be proposed to the bill H.R. 7900, to authorize 
appropriations for fiscal year 2023 for military activities of the 
Department of Defense, for military construction, and for defense 
activities of the Department of Energy, to prescribe military personnel 
strengths for such fiscal year, and for other purposes; which was 
ordered to lie on the table; as follows:

        At the end of subtitle D of title XII, add the following:

     SEC. 1254. REPORT ON EFFORTS TO ENSURE LENDING BY 
                   INTERNATIONAL FINANCIAL INSTITUTIONS IS ON 
                   FAVORABLE TERMS COMPARED TO LENDING BY THE 
                   PEOPLE'S REPUBLIC OF CHINA.

       (a) In General.--Not later than 180 days after the date of 
     the enactment of this Act, the Secretary of the Treasury 
     shall submit to the appropriate congressional committees a 
     report on steps being taken by the United States Government 
     to work with the International Bank for Reconstruction and 
     Development and the International Development

[[Page S5067]]

     Association (collectively referred to as the ``World Bank''), 
     the International Monetary Fund, and other international 
     financial institutions to create lending conditions that are 
     favorable, as compared to the lending conditions offered by 
     the Government of the People's Republic of China, for 
     countries that are eligible for loans from the International 
     Development Association, the International Bank for 
     Reconstruction and Development, or both.
       (b) Definitions.--In this section:
       (1) Appropriate congressional committees.--The term 
     ``appropriate congressional committees'' means--
       (A) the Committee on Banking, Housing, and Urban Affairs, 
     the Committee on Commerce, Science, and Transportation, the 
     Committee on Finance, the Committee on Foreign Relations, and 
     the Select Committee on Intelligence of the Senate; and
       (B) the Committee on Energy and Commerce, the Committee on 
     Financial Services, the Committee on Foreign Affairs, the 
     Committee on Ways and Means, and the Permanent Select 
     Committee on Intelligence of the House of Representatives.
       (2) International financial institution.--The term 
     ``international financial institution'' has the meaning given 
     that term in section 1701(c) of the International Financial 
     Institutions Act (22 U.S.C. 262r(c)).
                                 ______