World Bank Integrity Preservation Act of 2021

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 VerDate Sep 11 2014 03:57 May 22, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S1454.IS S1454 kjohnson on DSK79L0C42PROD with BILLS 2 •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 VerDate Sep 11 2014 03:57 May 22, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S1454.IS S1454 kjohnson on DSK79L0C42PROD with BILLS 3 •S 1454 IS (B) for placement on the special watch list 1 under clause (iii) of that section. 2 Æ VerDate Sep 11 2014 03:57 May 22, 2021 Jkt 019200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\S1454.IS S1454 kjohnson on DSK79L0C42PROD with BILLS