S 954 · 111th Congress 2009–2011, ended

World Bank International Development Association Replenishment Act of 2009

Fact sheet

Latest action · Jul 16, 2009 Placed on Senate Legislative Calendar under General Orders. Calendar No. 112.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedMay 1, 2009
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

World Bank International Development Association Replenishment Act of 2009 - (Sec. 2) Defines "greenhouse gas" as carbon dioxide, methane, nitrous oxide, sulfur hexafluoride, a perfluorocarbon, or a hydrofluorocarbon.

(Sec. 3) Amends the International Financial Institutions Act to direct the Secretary of the Treasury to: (1) seek to ensure that multilateral development banks implement greenhouse gas accounting in analyzing the benefits and costs of individual projects, and expand their climate change mitigation activities; and (2) submit a related annual report to the appropriate congressional committees.

Expresses the sense of Congress that implementing greenhouse gas accounting includes: (1) calculating net greenhouse gas flows; (2) establishing uniform publicly available calculation techniques; (3) measuring individual project emissions; (4) considering global social costs when evaluating economic cost benefits; and (5) performing greenhouse gas accounting for each project.

(Sec. 4) Directs the Secretary to instruct the U.S. Executive Director at the World Bank to: (1) urge the Bank to help countries build capacity to investigate and punish corruption and crime in a manner consistent with well-established law enforcement and judicial norms; and (2) enhance programs that improve recipient countries' ability to prevent and prosecute fraud and corruption.

(Sec. 5) Directs the Secretary to instruct the U.S. Executive Director at each multilateral development bank to use U.S. influence to encourage assessments of inspection functions and to strengthen the inspection mechanism where appropriate.

(Sec. 6) Directs the Secretary to seek to ensure that multilateral development banks: (1) evaluate the development impact of selected bank projects and financing operations; and (2) use random assignment when feasible in conducting such evaluations.

Expresses the sense of Congress that: (1) multilateral development banks should evaluate the development impact of selected bank projects and financing operations; (2) such evaluations should focus on building a body of research-proven approaches that have sustained impacts on important development outcomes and use random assignment when feasible; and (3) multilateral development banks should issue an annual report or similar publication.

(Sec. 7) Amends the International Development Association Act to authorize the U.S. Governor of the International Development Association to contribute to the 15th replenishment of the Association. Authorizes appropriations.

Authorizes the Secretary to contribute to the Association for debt relief funding under the Multilateral Debt Relief Initiative in the period governed by the 15th replenishment of the Association. Authorizes appropriations.

Defines "Multilateral Debt Relief Initiative" as 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) Directs the Secretary: (1) in coordination with the Secretary of State, the Administrator of the United States Agency for International Development (USAID), and other federal agencies to study each agency's role in the formulation of U.S. policy regarding the World Bank Group; and (2) submit a related report to the appropriate congressional committees.

Cosponsors 2

Members who signed on, in the order they did. Signatures ran from May 1, 2009 to May 5, 2009, with 1 there on the day it was introduced.

SeatCosponsorSigned on
R-INRichard G. LugarOriginalMay 1, 2009
D-DEEdward E. KaufmanMay 5, 2009

Actions 5

Everything that happened, newest first.

  1. Jul 16, 2009Committee on Foreign Relations. Reported by Senator Kerry with amendments. With written report No. 111-50.
  2. Jul 16, 2009Placed on Senate Legislative Calendar under General Orders. Calendar No. 112.
  3. May 5, 2009Committee on Foreign Relations. Ordered to be reported without amendment favorably.
  4. May 1, 2009Introduced in Senate
  5. May 1, 2009Read twice and referred to the Committee on Foreign Relations.

Subjects

Assigned by the Library of Congress. Policy area: International Affairs.

Text 2

Each version as it was printed, newest first.

  1. Jul 16, 2009Reported to Senate
  2. May 1, 2009Introduced in Senate

Support LegiList

This page is free, carries no paywall, and is built and maintained by one person. If the record here is useful to you, a few dollars keeps it going.

Processed by Stripe in a separate window. LegiList never sees card details.

Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.