A bill 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.

II 116TH CONGRESS 1ST SESSION S. 3018 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 DECEMBER 11, 2019 Mr. GRASSLEY (for himself, Mr. RUBIO, and Mr. COTTON) introduced the fol- lowing bill; which was read twice and referred to the Committee on For- eign 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 VerDate Sep 11 2014 02:37 Dec 14, 2019 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S3018.IS S3018 kjohnson on DSK79L0C42 with BILLS 2 •S 3018 IS SECTION 1. 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 02:37 Dec 14, 2019 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S3018.IS S3018 kjohnson on DSK79L0C42 with BILLS 3 •S 3018 IS (B) for placement on the special watch list 1 under clause (iii) of that section. 2 Æ VerDate Sep 11 2014 02:37 Dec 14, 2019 Jkt 099200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\S3018.IS S3018 kjohnson on DSK79L0C42 with BILLS