To amend the Better Utilization of Investments Leading to Development Act of 2018 to establish restrictions relating to the People's Republic of China with respect to the provision of support under title II of that Act.
Summary
This bill prohibits the U.S. International Development Finance Corporation from engaging in certain activities involving a covered Chinese entity (i.e., an entity subject to the jurisdiction or control of China's government). Specifically, the corporation may not accept funds (or goods or services) provided by China's government or a covered Chinese entity. Also, the corporation may not provide support to any individual who advises, is on the board of, or has influence with a covered Chinese entity or specified entities, including the Chinese Development Bank. An entity receiving support from the corporation must certify that it will abide by these restrictions.
Bill status
in committee
1 of 4 stages cleared
Introduction
Oct 2021
Committee Review
Floor Vote
President
Introduced Oct 19, 2021
Last action Oct 19, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Oct 19, 2021
Committee
Referred to the House Committee on Foreign Affairs.
lower
Oct 19, 2021
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Michael Cloud
RRepublican
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