No More Debt Relief to China Act

This bill, titled the No More Debt Relief to China Act, mandates that the U.S. Treasury withdraw the United States from the International Monetary Fund, the World Bank Group, and the Asian Development Bank if these institutions provide debt relief to China. The law requires immediate withdrawal within 60 days if the Treasury determines that such relief was given to China or if it helped China assist other nations with their own debts. Additionally, the bill instructs U.S. officials to vote against similar IMF actions, requires monthly reports on financial transactions involving China, and states that Congress holds the authority to direct U.S. policy in these international financial institutions.