World Bank Accountability Act of 2017
Latest action · Jan 18, 2018 Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
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.
- IntroducedJul 20, 2017
- Passed HouseJan 17, 2018
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
World Bank Accountability Act of 2017
This bill provides that for each of FY2018-FY2023, 15% of appropriations for the World Bank's International Development Association shall be withheld and not disbursed until the Department of the Treasury reports to Congress that the International Bank for Reconstruction and Development: (1) is implementing institutional incentives that prioritize poverty reduction, development outcomes, and capable project management over the Bank's lending and grant making volume; (2) is taking, or has completed, steps to address the management failures from the Uganda Transport Sector Development Project; and (3) is strengthening its trust fund management in order to increase accountability for poverty reduction and development outcomes.
An additional 15% of appropriations for such fiscal years shall be withheld and not disbursed until Treasury reports that the International Bank for Reconstruction and Development: (1) is emphasizing its support for secure property rights, due process of law, and economic freedom as essential to sustained poverty reduction in World Bank borrowing countries; (2) has not approved any loans or grants to a country designated by the U.S. as a state sponsor of terrorism and is strengthening the ability of Bank-funded projects to undermine violent extremism; (3) is taking steps to conduct randomized forensic audits of projects receiving Bank assistance; and (4) is working to detect and minimize corruption in projects involving development policy lending.
Such conditions will be considered to have been satisfied for a fiscal year if they have been satisfied for the preceding three fiscal years.
The bill amends the International Development Association Act to authorize the Governor of the International Development Association to contribute a specified amount on behalf of the United States to the 18th replenishment of the association's resources.
Recorded votes 2
Newest first. Open one to see how every member voted.
Cosponsors 1
Members who signed on, in the order they did. All signed on Jul 27, 2017.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Brad Sherman | Jul 27, 2017 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jul 20, 2017Markup Jul 25, 2017Reported Sep 7, 2017 |
| Senate | Foreign Relations Committee | Referred Jan 18, 2018 |
Actions 28
Everything that happened, newest first.
- Jan 18, 2018Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
- Jan 17, 2018Considered under the provisions of rule H. Res. 693. (consideration: CR H440-452)
- Jan 17, 2018The rule provides for one hour of general debate on both measures. Only those amendments printed in Part A of the report shall be considered for H.R. 3326. The amendment printed in Part B of the report, relating to H.R. 2954, shall be considered as adopted. The rule allows for one motion to recommit with or without instructions for both measures.
- Jan 17, 2018House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 693 and Rule XVIII.
- Jan 17, 2018The Speaker designated the Honorable John J. Duncan, Jr. to act as Chairman of the Committee.
In the Congressional Record 2
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H423–H429, H440–H454Text printed H423, H448Amendments H428, H449, H450, H451Recorded votes H428, H429, H452, H453Connolly amendment (report steps taken to ensure G-5 nonimmigrant visa holders employed by World Bank diplomats and staff are informed of the protections afforded to them)consideration (H. Res. 693), previous questionenact | Andy Barr R-KY (amendment), Bill Foster D-IL, Bill Huizenga R-MI, Daniel T. Kildee D-MI, Gerald E. Connolly D-VA (amendment), Gregory W. Meeks D-NY, J. French Hill R-AR, Jared Polis D-CO (amendment), Jeb Hensarling R-TX, Ken Buck R-CO, Maxine Waters D-CA, Nydia M. Velázquez D-NY, Ralph Norman R-SC (amendment), Roger Williams R-TX, Ruben J. Kihuen D-NV, Warren Davidson R-OH | Jan 17, 2018 |
| House | Debate and remarks H161 | Kevin McCarthy R-CA | Jan 11, 2018 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Aug 22, 2017H.R. 3326, World Bank Accountability Act of 2017As ordered reported by the House Committee on Financial Services on July 25, 2017
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 163, no. 123, July 20, 2017, page H6146.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R44717 | International Trade and Finance: Overview and Issues for the 115th Congress Archived | Report | Mar 5, 2018 |
Amendments 3
Amendments offered to this bill.
Related bills 1
Companion bills and other measures the record links to this one.
Titles 4
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To increase accountability, combat corruption, and strengthen management effectiveness at the World Bank.
- Short Titles as Introduced
- World Bank Accountability Act of 2017
- Short Titles as Reported to House
- World Bank Accountability Act of 2017
- Short Titles as Passed House
- World Bank Accountability Act of 2017
Subjects
Assigned by the Library of Congress. Policy area: International Affairs.
- Accounting and auditing
- Appropriations
- Congressional oversight
- Due process and equal protection
- Economic development
- Foreign loans and debt
- Government ethics and transparency, public corruption
- International Affairs
- International organizations and cooperation
- Multilateral development programs
- Political movements and philosophies
- Property rights
- Rule of law and government transparency
- Terrorism
Text 4
Each version as it was printed, newest first.
- Jan 18, 2018Referred in Senate
- Jan 17, 2018Engrossed in House
- Sep 7, 2017Reported in House
- Jul 20, 2017Introduced in House
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
