United States S 1454: World Bank Integrity Preservation Act of 2021

Bill Text

II
117TH CONGRESS
1ST SESSION S. 1454
To require the United States Executive Director of the International Bank
for Reconstruction and Development to oppose assistance by the Bank
for any country that exceeds the graduation threshold of the Bank
and is of concern with respect to religious freedom.
IN THE SENATE OF THE UNITED STATES
APRIL 29, 2021
Mr. GRASSLEY (for himself, Mr. RUBIO, Mr. COTTON, Mr. CRUZ, and Mr.
SCOTT of Florida) introduced the following bill; which was read twice and
referred to the Committee on Foreign Relations
A BILL
To require the United States Executive Director of the Inter-
national Bank for Reconstruction and Development to
oppose assistance by the Bank for any country that
exceeds the graduation threshold of the Bank and is
of concern with respect to religious freedom.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘World Bank Integrity 4
Preservation Act of 2021’’. 5
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•S 1454 IS
SEC. 2. OPPOSITION TO ASSISTANCE BY THE INTER-1
NATIONAL BANK FOR RECONSTRUCTION AND 2
DEVELOPMENT FOR COUNTRIES THAT EX-3
CEED THE GRADUATION THRESHOLD AND 4
ARE OF CONCERN FOR RELIGIOUS FREEDOM. 5
The United States Governor of the International 6
Bank for Reconstruction and Development shall instruct 7
the United States Executive Director of the Bank to vote 8
against, and to use the Executive Director’s best efforts 9
to deny, any loan or the extension of any financial or tech-10
nical assistance by the Bank to a country if— 11
(1) the gross national income per capita of the 12
country exceeds, by more than 35 percent, the 13
threshold for graduation from eligibility for assist-14
ance from the Bank; 15
(2) the reserves of the country exceed an 16
amount equivalent to the value of goods and services 17
imported into the country during the most recent 18
12-month period for which data are available; and 19
(3) the country is designated— 20
(A) as a country of particular concern for 21
religious freedom under clause (ii) of section 22
402(b)(1)(A) of the International Religious 23
Freedom Act of 1998 (22 U.S.C. 24
6442(b)(1)(A)); or 25
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•S 1454 IS
(B) for placement on the special watch list 1
under clause (iii) of that section. 2
Æ
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