S.Amdt. 5667
What it does: Adds SEC. 1254. REPORT ON EFFORTS TO ENSURE LENDING BY INTERNATIONAL FINANCIAL INSTITUTIONS IS ON FAVORABLE TERMS COMPARED TO LENDING BY THE PEOPLE'S REPUBLIC OF CHINA at the end of subtitle D of title XII
Sen. John Kennedy (R-LA)What it changes
1 change to S.Amdt. 5499 · shown in S.Amdt. 5499's text
Adds SEC. 1254. REPORT ON EFFORTS TO ENSURE LENDING BY INTERNATIONAL FINANCIAL INSTITUTIONS IS ON FAVORABLE TERMS COMPARED TO LENDING BY THE PEOPLE'S REPUBLIC OF CHINA at the end of subtitle D of title XII
Adds a sectionIn S.Amdt. 5499 as proposed
(2) modifies or deletes in any way the content of the project as a result of any direction from any entity of the Government of the People's Republic of China or the Chinese Communist Party.
Inserted: SEC. 1254. REPORT ON EFFORTS TO ENSURE LENDING BY INTERNATIONAL FINANCIAL INSTITUTIONS IS ON FAVORABLE TERMS COMPARED TO LENDING BY THE PEOPLE'S REPUBLIC OF CHINA.
Inserted: (a) In General.--Not later than 180 days after the date of the enactment of this Act, the Secretary of the Treasury shall submit to the appropriate congressional committees a report on steps being taken by the United States Government to work with the International Bank for Reconstruction and Development and the International Development Association (collectively referred to as the "World Bank"), the International Monetary Fund, and other international financial institutions to create lending conditions that are favorable, as compared to the lending conditions offered by the Government of the People's Republic of China, for countries that are eligible for loans from the International Development Association, the International Bank for Reconstruction and Development, or both.
Inserted: (b) Definitions.--In this section:
Inserted: (1) Appropriate congressional committees.--The term "appropriate congressional committees" means--
Inserted: (A) the Committee on Banking, Housing, and Urban Affairs, the Committee on Commerce, Science, and Transportation, the Committee on Finance, the Committee on Foreign Relations, and the Select Committee on Intelligence of the Senate; and
Inserted: (B) the Committee on Energy and Commerce, the Committee on Financial Services, the Committee on Foreign Affairs, the Committee on Ways and Means, and the Permanent Select Committee on Intelligence of the House of Representatives.
Inserted: (2) International financial institution.--The term "international financial institution" has the meaning given that term in section 1701(c) of the International Financial Institutions Act (22 U.S.C. 262r(c)).
Original wording
At the end of subtitle D of title XII, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 5667. Mr. KENNEDY submitted an amendment intended to be proposed to amendment SA 5499 submitted by Mr. Reed (for himself and Mr. Inhofe) and intended to be proposed to the bill H.R. 7900, to authorize appropriations for fiscal year 2023 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes; which was ordered to lie on the table; as follows:
At the end of subtitle D of title XII, add the following:
SEC. 1254. REPORT ON EFFORTS TO ENSURE LENDING BY INTERNATIONAL FINANCIAL INSTITUTIONS IS ON FAVORABLE TERMS COMPARED TO LENDING BY THE PEOPLE'S REPUBLIC OF CHINA.
(a) In General.--Not later than 180 days after the date of the enactment of this Act, the Secretary of the Treasury shall submit to the appropriate congressional committees a report on steps being taken by the United States Government to work with the International Bank for Reconstruction and Development and the International Development Association (collectively referred to as the “World Bank”), the International Monetary Fund, and other international financial institutions to create lending conditions that are favorable, as compared to the lending conditions offered by the Government of the People's Republic of China, for countries that are eligible for loans from the International Development Association, the International Bank for Reconstruction and Development, or both.
(b) Definitions.--In this section:
(1) Appropriate congressional committees.--The term “appropriate congressional committees” means--
(A) the Committee on Banking, Housing, and Urban Affairs, the Committee on Commerce, Science, and Transportation, the Committee on Finance, the Committee on Foreign Relations, and the Select Committee on Intelligence of the Senate; and
(B) the Committee on Energy and Commerce, the Committee on Financial Services, the Committee on Foreign Affairs, the Committee on Ways and Means, and the Permanent Select Committee on Intelligence of the House of Representatives.
(2) International financial institution.--The term “international financial institution” has the meaning given that term in section 1701(c) of the International Financial Institutions Act (22 U.S.C. 262r(c)).
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Senate amendment submitted
September 27, 2022