Enhancing transparency to combat corruption

(a) In general The Secretary of the Treasury shall instruct the United States Executive Director at each multilateral development bank (as defined in section 1701(c)(4) of the International Financial Institutions Act) to use the voice, vote, and influence of the United States to ensure that all support for public-private partnerships to deliver infrastructure and services, whether through the public or private sector arm of the respective bank, follows best practice approaches, including competitive bidding and contracting transparency, to provide full details of terms, pricing, and financial obligations of the State involved, including through State-owned enterprises. (b) Opposition to subsidies for certain private sector investments The Secretary of the Treasury shall instruct the United States Executive Director at each multilateral development bank (as so defined) to use the voice, vote, and influence of the United States to oppose subsidization of private sector investments that are not offered on competitive or open-offer terms. (c) Publication of data on investments The Secretary of the Treasury shall instruct the United States Executive Director at each multilateral development bank (as so defined) to use the voice, vote, and influence of the United States to require that, with respect to private sector investments, the respective bank consistently publish investment data including sub-national location, domicile of investee, total investment cost, funding source, currency of investment, co-financing, mobilization, updated disbursement and instrument-specific disclosure (share of equity, interest rate, and loan tenor) indicators, and project level rate of return on investment at exit.