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119-s-2626119th Congress

Strengthening United States Leadership at the IDB Act

Sponsored By: Senator McCormick, David [R-PA]

In Committee

Summary

Reduce the People’s Republic of China’s (PRC) influence at the Inter‑American Development Bank (IDB) by directing the U.S. Executive Director and Treasury to use America’s voice and vote, push procurement rules that favor U.S. and partner firms, and require public reporting on PRC ties.

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  • U.S. financial and diplomatic officials would be directed to review IDB projects involving PRC entities for national security risks and to vote against projects that rely on PRC trust funds or increase PRC voting power.
  • IDB operations and borrowing countries would face new procurement priorities that favor United States and partner‑country firms over PRC entities and must be listed in a public registry of PRC‑funded or PRC‑participating projects since Jan 12, 2009.
  • The United States Development Finance Corporation (DFC) and Treasury would report on collaboration and PRC influence, starting with a DFC report within 180 days and a Treasury assessment that begins within 180 days and continues with updates over eight years.

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

Public reports on PRC ties to IDB

If enacted, the Treasury Secretary would give Congress a full report within 180 days on PRC influence at the Inter‑American Development Bank. The report would list all IDB projects since January 12, 2009 with PRC funding or participation and name involved entities and ultimate beneficial owners (25% ownership rule). The Treasury must update the report every two years for eight years and notify Congress within 15 days about new PRC-linked projects near cooperative security locations. Unclassified summaries must be posted publicly 60–90 days after each report; classified annexes are allowed when needed.

U.S. IDB representative powers

If enacted, the Treasury Secretary would direct the U.S. Executive Director at the IDB to review projects that involve PRC entities for sanctions or export‑control violations and report them to Congress. The U.S. representative would be told to use the U.S. voice and vote to reduce PRC influence, including voting against projects, opposing quorum, and blocking actions that would raise the PRC's voting share. The representative would also push within the IDB for procurement that favors U.S. and partner‑country suppliers and that values transparency and integrity over lowest upfront cost.

More DFC and IDB coordination

If enacted, the CEO of the U.S. International Development Finance Corporation would have 180 days to report to Congress on collaboration with the IDB since 2019 and on options to expand joint work. The Treasury would also be instructed to have the U.S. Executive Director at the IDB encourage joint IDB–DFC projects, financing, loans, or grants in borrowing member countries. The aim is to create more U.S.-backed alternatives to PRC participation.

Sponsors & CoSponsors

Sponsor

McCormick, David [R-PA]

PA • R

Cosponsors

  • Sen. Kaine, Tim [D-VA]

    VA • D

    Sponsored 7/31/2025

Roll Call Votes

No roll call votes available for this bill.

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