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To amend the Better Utilization of Investments Leading to Development Act of 2018 to establish restrictions relating to the People's Republic of China with respect to the provision of support under title II of that Act.

USA117th CongressHR-5614| House 
| Updated: 10/19/2021
Michael Cloud

Michael Cloud

Republican Representative

Texas

Foreign Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill prohibits the U.S. International Development Finance Corporation from engaging in certain activities involving a covered Chinese entity (i.e., an entity subject to the jurisdiction or control of China's government). Specifically, the corporation may not accept funds (or goods or services) provided by China's government or a covered Chinese entity. Also, the corporation may not provide support to any individual who advises, is on the board of, or has influence with a covered Chinese entity or specified entities, including the Chinese Development Bank. An entity receiving support from the corporation must certify that it will abide by these restrictions.
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Timeline
Oct 19, 2021
Introduced in House
Oct 19, 2021
Referred to the House Committee on Foreign Affairs.
  • October 19, 2021
    Introduced in House


  • October 19, 2021
    Referred to the House Committee on Foreign Affairs.

International Affairs

To amend the Better Utilization of Investments Leading to Development Act of 2018 to establish restrictions relating to the People's Republic of China with respect to the provision of support under title II of that Act.

USA117th CongressHR-5614| House 
| Updated: 10/19/2021
This bill prohibits the U.S. International Development Finance Corporation from engaging in certain activities involving a covered Chinese entity (i.e., an entity subject to the jurisdiction or control of China's government). Specifically, the corporation may not accept funds (or goods or services) provided by China's government or a covered Chinese entity. Also, the corporation may not provide support to any individual who advises, is on the board of, or has influence with a covered Chinese entity or specified entities, including the Chinese Development Bank. An entity receiving support from the corporation must certify that it will abide by these restrictions.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Oct 19, 2021
Introduced in House
Oct 19, 2021
Referred to the House Committee on Foreign Affairs.
  • October 19, 2021
    Introduced in House


  • October 19, 2021
    Referred to the House Committee on Foreign Affairs.
Michael Cloud

Michael Cloud

Republican Representative

Texas

Foreign Affairs Committee

International Affairs

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted