To increase accountability, combat corruption, and strengthen management effectiveness at the World Bank.
World Bank Accountability Act of 2017
This bill provides that for each of FY2018-FY2023, 15% of appropriations for the World Bank's International Development Association shall be withheld and not disbursed until the Department of the Treasury reports to Congress that the International Bank for Reconstruction and Development: (1) is implementing institutional incentives that prioritize poverty reduction, development outcomes, and capable project management over the Bank's lending and grant making volume; (2) is taking, or has completed, steps to address the management failures from the Uganda Transport Sector Development Project; and (3) is strengthening its trust fund management in order to increase accountability for poverty reduction and development outcomes.
An additional 15% of appropriations for such fiscal years shall be withheld and not disbursed until Treasury reports that the International Bank for Reconstruction and Development: (1) is emphasizing its support for secure property rights, due process of law, and economic freedom as essential to sustained poverty reduction in World Bank borrowing countries; (2) has not approved any loans or grants to a country designated by the U.S. as a state sponsor of terrorism and is strengthening the ability of Bank-funded projects to undermine violent extremism; (3) is taking steps to conduct randomized forensic audits of projects receiving Bank assistance; and (4) is working to detect and minimize corruption in projects involving development policy lending.
Such conditions will be considered to have been satisfied for a fiscal year if they have been satisfied for the preceding three fiscal years.
The bill amends the International Development Association Act to authorize the Governor of the International Development Association to contribute a specified amount on behalf of the United States to the 18th replenishment of the association's resources.
Motion to reconsider laid on the table Agreed to without objection.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 693 and Rule XVIII.
The Speaker designated the Honorable John J. Duncan, Jr. to act as Chairman of the Committee.
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3326.
DEBATE - Pursuant to the provisions of H.Res. 693, the Committee of the Whole proceeded with 10 minutes of debate on the Norman amendment No. 1.
DEBATE - Pursuant to the provisions of H.Res. 693, the Committee of the Whole proceeded with 10 minutes of debate on the Connolly amendment No. 2.
POSTPONED PROCEEDINGS - At the conclusion of debate on the Connolly amendment No. 2, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Connolly demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
DEBATE - Pursuant to the provisions of H.Res. 693, the Committee of the Whole proceeded with 10 minutes of debate on the Barr amendment No. 3.
Mr. Hensarling moved that the Committee rise.
On motion that the Committee rise Agreed to by voice vote.
Committee of the Whole House on the state of the Union rises leaving H.R. 3326 as unfinished business.
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Considered as unfinished business. (consideration: CR H452-454)
The House resolved into Committee of the Whole House on the state of the Union for further consideration.
UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question on adoption of an amendment which had been debated earlier and on which further proceedings had been postponed.
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3326.
The previous question was ordered pursuant to the rule.
The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union. (text of amendment in the nature of a substitute: CR H448-449)
Passed/agreed to in House: On passage Passed by recorded vote: 237 - 184 (Roll no. 24).
Roll Call #24 (House)On passage Passed by recorded vote: 237 - 184 (Roll no. 24).
Roll Call #24 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.