Timeliness of project preparation and execution by the International Bank for Reconstruction and Development and the International Development Association

(a) Use of voice, vote, and influence of the United States The Secretary of the Treasury shall direct the United States Executive Directors at the International Bank for Reconstruction and Development and the International Development Association to use the voice, vote, and influence of the United States to assess the cause of bottlenecks and identify potential efficiencies in project preparation and execution by the Bank and the Association. (b) Report on bottlenecks and potential efficiencies Within 180 days after the date of the enactment of this Act, the Secretary of the Treasury shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Finance of the Senate a report that describes the findings of the United States Executive Directors at the Bank and the Association regarding bottlenecks and potential efficiencies referred to in subsection (a). (c) Report on addressing bottlenecks and capitalizing on potential efficiencies Within 180 days after the date of the submission of the report required by subsection (b), the Secretary of the Treasury shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Finance of the Senate a report that describes how the Secretary and the United States Executive Directors at the Bank and the Association are actively working to address any such bottlenecks and capitalize on any such potential efficiencies.