arrow_back Back to App

New US policy on co-financing international development projects.

This bill changes how the United States will vote in international development banks. It aims to ensure that US funds do not support projects co-financed with the Asian Infrastructure Investment Bank unless specific conditions are met. Citizens may feel an indirect impact through changes in global financial and development policy.
Key points
The US will vote against projects co-financed with the Asian Infrastructure Investment Bank (AIIB).
An exception applies if AIIB demonstrates capacity to provide aid on similar terms as the International Development Association.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_6476
Sponsor: Rep. Torres, Ritchie [D-NY-15]
Process start date: 2022-01-25
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

To amend the International Financial Institutions Act to provide instructions with respect to the U.S. policy on co-financing arrangements at the multilateral development banks, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6476.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-01-25.

What are the main provisions?

Key points include:

  • The US will vote against projects co-financed with the Asian Infrastructure Investment Bank (AIIB).
  • An exception applies if AIIB demonstrates capacity to provide aid on similar terms as the International Development Association.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Torres, Ritchie [D-NY-15].

What is the latest detailed status?

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

Is this summary verified?

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

CATEGORIES

Economy Public Investments