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Increased IDB Transparency and Reduced Chinese Influence

This act aims to increase transparency in the Inter-American Development Bank (IDB) and reduce China's influence on its decisions and projects. Citizens will gain access to information about project funding and the involvement of Chinese companies, potentially impacting the efficiency of spending and investment security in the region.
Key points
The U.S. government will be required to regularly report on the extent of China's and Chinese companies' influence on the IDB, including its structure, financing, and project selection.
Reports will include lists of projects funded by or involving China, assessed for abuses, delays, or corruption.
The U.S. will actively work within the IDB to increase transparency and limit China's influence, including voting against projects posing risks to U.S. interests.
Information on China's influence in the IDB will be publicly available, allowing citizens to better understand how international finance impacts the region.
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Expired
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Additional Information
Print number: 118_HR_4865
Sponsor: Rep. Gallagher, Mike [R-WI-8]
Process start date: 2023-07-25
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

IDB Transparency Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4865.

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 2023-07-25.

What are the main provisions?

Key points include:

  • The U.S. government will be required to regularly report on the extent of China's and Chinese companies' influence on the IDB, including its structure, financing, and project selection.
  • Reports will include lists of projects funded by or involving China, assessed for abuses, delays, or corruption.
  • The U.S. will actively work within the IDB to increase transparency and limit China's influence, including voting against projects posing risks to U.S. interests.
  • Information on China's influence in the IDB will be publicly available, allowing citizens to better understand how international finance impacts the region.
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. Gallagher, Mike [R-WI-8].

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 2025-12-25.

CATEGORIES

Public Investments Economy Security