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IDB Transparency Act: Increasing Oversight of China's Influence in Development Bank.

This law mandates the US government to significantly increase scrutiny over the activities of the People's Republic of China within the Inter-American Development Bank (IDB). The goal is to ensure that development funds are used transparently, free from corruption, and aligned with US national security interests. Citizens benefit from greater accountability regarding how US contributions to international development projects are spent.
Key points
The US Treasury must produce a detailed report on the extent of China's influence and the involvement of Chinese companies in IDB-funded projects.
The US will use its voting power in the IDB to block projects deemed risky to US national interests or those with excessive Chinese funding.
Public summaries of these oversight reports must be released, enhancing public awareness of international financial activities.
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Expired
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Additional Information
Print number: 118_S_2470
Sponsor: Sen. Hagerty, Bill [R-TN]
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_S_2470.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-07-25.

What are the main provisions?

Key points include:

  • The US Treasury must produce a detailed report on the extent of China's influence and the involvement of Chinese companies in IDB-funded projects.
  • The US will use its voting power in the IDB to block projects deemed risky to US national interests or those with excessive Chinese funding.
  • Public summaries of these oversight reports must be released, enhancing public awareness of international financial activities.
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 Sen. Hagerty, Bill [R-TN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Economy Security