S.Amdt. 5668
What it does: Adds SEC. 1254. REPORT ON USE OF SPECIAL DRAWING RIGHTS BY COUNTRIES PARTICIPATING IN THE BELT AND ROAD INITIATIVE OF 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 USE OF SPECIAL DRAWING RIGHTS BY COUNTRIES PARTICIPATING IN THE BELT AND ROAD INITIATIVE OF 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 USE OF SPECIAL DRAWING RIGHTS BY COUNTRIES PARTICIPATING IN THE BELT AND ROAD INITIATIVE OF 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 how Special Drawing Rights of the International Monetary Fund are being used by countries participating in the Belt and Road Initiative of the People's Republic of China, including an assessment of whether those countries are using Special Drawing Rights to pay off debt to the People's Republic of China.
Inserted: (b) Appropriate Congressional Committees Defined.--In this section, the term "appropriate congressional committees" means--
Inserted: (1) 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: (2) 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.
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 5668. 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 USE OF SPECIAL DRAWING RIGHTS BY COUNTRIES PARTICIPATING IN THE BELT AND ROAD INITIATIVE OF 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 how Special Drawing Rights of the International Monetary Fund are being used by countries participating in the Belt and Road Initiative of the People's Republic of China, including an assessment of whether those countries are using Special Drawing Rights to pay off debt to the People's Republic of China.
(b) Appropriate Congressional Committees Defined.--In this section, the term “appropriate congressional committees” means--
(1) 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
(2) 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.
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Senate amendment submitted
September 27, 2022