What is the official ID of this bill?

The official print number for this legislation is HR 6475.

When did the legislative process begin?

The process officially started on 2022-01-25.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/117/bills/hr6475/BILLS-117hr6475ih.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

Who is the primary sponsor?

The primary sponsor is Rep. Waters, Maxine [D-CA-43].

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Analysis and Potential Impact of HR 6475

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Restricting Financial Aid to China from World Bank and Asian Development Bank

Q: What are the main provisions?

Key points include: The U.S. will vote against financial aid to China unless China commits to transparent lending practices to other countries. Aid will only be possible if China participates in multilateral debt relief initiatives on terms comparable to other G20 governments. Financial support will only be granted if it significantly contributes to a global public good, such as limiting climate change impacts, and serves U.S. national interests.

This bill aims to restrict financial assistance to China from international institutions like the World Bank and Asian Development Bank. Funds will be withheld unless China meets specific conditions regarding debt transparency and participation in relief initiatives. This ensures that U.S. funds are used responsibly and align with U.S. national interests.

Key points

The U.S. will vote against financial aid to China unless China commits to transparent lending practices to other countries.

Aid will only be possible if China participates in multilateral debt relief initiatives on terms comparable to other G20 governments.

Financial support will only be granted if it significantly contributes to a global public good, such as limiting climate change impacts, and serves U.S. national interests.

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Status:

Expired

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Additional Information

To amend the International Financial Institutions Act to instruct certain United States Executive Directors to vote against any assistance to the People's Republic of China unless certain certifications are met, and for other purposes.

Print number: HR 6475

Sponsor: Rep. Waters, Maxine [D-CA-43]

Process start date: 2022-01-25

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-2.5-flash-preview-05-20

Source data: api.congress.gov

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Restricting Financial Aid to China from World Bank and Asian Development Bank

Key Questions about Restricting Financial Aid to China from World Bank and Asian Development Bank