H.R. 5932House116th Congress (2019-2021)Passed House

Ensuring Chinese Debt Transparency Act of 2020

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Updated April 14, 2026 at 10:59 AM UTC

The Ensuring Chinese Debt Transparency Act of 2020 directs the U.S. Treasury to have the United States’ representatives at international financial institutions (IFIs) use their voting power to push for more openness about loan terms and conditions that the Chinese government provides to member countries of those institutions. It also requires an annual report that details progress on this effort and examines Chinese financing to IFI member states. The law expires either seven years after enactment or when the Treasury determines China is substantially complying with Paris Club rules, whichever comes first.

Key Provisions

The Treasury Secretary must instruct U.S. Executive Directors at each IFI to seek greater transparency on financing from the People’s Republic of China to any member state that also receives IFI funding, consistent with Paris Club principles.
The Chairman of the National Advisory Council on International Monetary and Financial Policies must include in its annual report a description of progress toward this transparency goal and a discussion of Chinese financing to IFI member states, along with any recommendations.
The provisions of the Act terminate after the earlier of (i) seven years from enactment, or (ii) 30 days after the Treasury reports that China is substantially complying with Paris Club rules.

Legislative Activity

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14 earlier actions

SenateIntro Referral Latest Action

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

Foreign Relations Committee

March 3, 2020

View full timeline

HouseIntro Referral

Introduced in House

February 21, 2020

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

February 21, 2020

HouseCommittee

Committee Consideration and Mark-up Session Held.

Financial Services Committee

February 27, 2020

HouseCommittee

Committee Consideration and Mark-up Session Held.

Financial Services Committee

February 28, 2020

HouseCommittee

Ordered to be Reported (Amended) by Voice Vote.

Financial Services Committee

February 28, 2020

HouseFloor

Mr. San Nicolas moved to suspend the rules and pass the bill, as amended.

March 2, 2020 • 5:19 PM

HouseFloor

Considered under suspension of the rules. (consideration: CR H1429-1430)

March 2, 2020 • 5:19 PM

HouseFloor

DEBATE - The House proceeded with forty minutes of debate on H.R. 5932.

March 2, 2020 • 5:19 PM

HouseFloor

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

March 2, 2020 • 5:29 PM

HouseFloor

Considered as unfinished business. (consideration: CR H1433-1434)

March 2, 2020 • 7:00 PM

HouseFloor

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 356 - 0 (Roll no. 80).

View vote Passed

March 2, 2020 • 7:07 PM

HouseFloor

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 356 - 0 (Roll no. 80). (text: CR H1429)

View vote Passed

March 2, 2020 • 7:07 PM

HouseFloor

Motion to reconsider laid on the table Agreed to without objection.

March 2, 2020 • 7:07 PM

HouseFloor

The title of the measure was amended. Agreed to without objection.

March 2, 2020 • 7:07 PM

SenateIntro Referral

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

Foreign Relations Committee

March 3, 2020

Voting History

1 vote recorded • Roll call available

HOUSE

Roll Call Available

March 2, 2020 at 7:05 PM

On Motion to Suspend the Rules and Pass, as Amended

Majority required: 2/3 (66.7%)

Passed

356 - 0

Bill Text

3 versions available

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Referred in SenateIssued March 3, 2020

IIB

116th CONGRESS

2d Session

H. R. 5932

IN THE SENATE OF THE UNITED STATES

March 3, 2020

Received; read twice and referred to the Committee on Foreign Relations

AN ACT

To ensure greater transparency regarding the terms and conditions of financing provided by the People’s Republic of China to member states of the international financial institutions.

Short title

This Act may be cited as the Ensuring Chinese Debt Transparency Act of 2020.

Ensuring Chinese debt transparency

(a)

United States policy at the international financial institutions

The Secretary of the Treasury shall instruct the United States Executive Director at each international financial institution (as defined in section 1701(c)(2) of the International Financial Institutions Act) that it is the policy of the United States to use the voice and vote of the United States at the respective institution to seek to secure greater transparency with respect to the terms and conditions of financing provided by the government of the People’s Republic of China to any member state of the respective institution that is a recipient of financing from the institution, consistent with the rules and principles of the Paris Club.

(b)

Report required

The Chairman of the National Advisory Council on International Monetary and Financial Policies shall include in the annual report required by section 1701 of the International Financial Institutions Act—

(1)

a description of progress made toward advancing the policy described in subsection (a) of this section; and

(2)

a discussion of financing provided by entities owned or controlled by the government of the People’s Republic of China to the member states of international financial institutions that receive financing from the international financial institutions, including any efforts or recommendations by the Chairman to seek greater transparency with respect to the former financing.

(c)

Sunset

Subsections (a) and (b) of this section shall have no force or effect after the earlier of—

(1)

the date that is 7 years after the date of the enactment of this Act; or

(2)

30 days after the date that the Secretary reports to the Committee on Financial Services of the House of Representatives and the Committee on Foreign Relations of the Senate that the People’s Republic of China is in substantial compliance with the rules and principles of the Paris Club.

Passed the House of Representatives March 2, 2020.

Cheryl L. Johnson,

Clerk.