Untitled section

(a) Compensation None of the funds appropriated under title V of this Act may be made as payment to any international financial institution while the United States executive director to such institution is compensated by the institution at a rate which, together with whatever compensation such executive director receives from the United States, is in excess of the rate provided for an individual occupying a position at level IV of the Executive Schedule under section 5315 of title 5, United States Code, or while any alternate United States executive director to such institution is compensated by the institution at a rate in excess of the rate provided for an individual occupying a position at level V of the Executive Schedule under section 5316 of title 5, United States Code. (b) Human rights The Secretary of the Treasury shall instruct the United States executive director of each international financial institution to use the voice and vote of the United States to promote human rights due diligence and risk management, as appropriate, in connection with any loan, grant, policy, or strategy of such institution. (c) Fraud and corruption The Secretary of the Treasury shall instruct the United States executive director of each international financial institution to use the voice of the United States to include in loan, grant, and other financing agreements improvements in borrowing countries’ financial management and judicial capacity to investigate, prosecute, and punish fraud and corruption. (d) Beneficial ownership information The Secretary of the Treasury shall instruct the United States executive director of each international financial institution to use the voice of the United States to encourage such institution to collect, verify, and publish, to the maximum extent practicable, beneficial ownership information (excluding proprietary information) for any corporation or limited liability company, other than a publicly listed company, that receives funds from any such financial institution. (e) Capital increases None of the funds appropriated by this Act may be made available to support a new capital increase for an international financial institution unless the President submits a budget request for such increase to Congress and the Secretary of the Treasury concurrent with such request determines and reports to the Committees on Appropriations that— (1) the capital increase sets such institution on a path to meet its regional or global objectives, as appropriate, including its overarching strategic framework and vision for its role in development finance, and such increase includes agreement on internal reforms and policy measures necessary to enhance the efficiency and effectiveness of the institution; and (2) the capital increase does not increase the voting power of the People’s Republic of China in such institution. (f) Opposition to lending to the People’s Republic of China The Secretary of the Treasury shall instruct the United States executive director at each multilateral development bank to use the voice and vote of the United States to oppose any loan, extension of financial assistance, or technical assistance by such bank to the People’s Republic of China. (g) Contributions to financial intermediary funds The Secretary of the Treasury shall ensure that no United States contribution to a financial intermediary fund overseen by the Department of the Treasury may be used to provide any loan, extension of financial assistance, or technical assistance to the People’s Republic of China or to any country or region subject to comprehensive sanctions by the United States. (h) Report Not later than 120 days after the date of enactment of this Act, the Secretary of the Treasury shall submit a report to the Committees on Appropriations detailing any funding provided in the prior calendar year by a financial intermediary fund overseen by the Department of the Treasury to the People's Republic of China or any country or region subject to comprehensive sanctions by the United States. (i) Guidance on energy policy at the multilateral development banks The Secretary of the Treasury shall instruct the Executive Director at the International Bank for Reconstruction and Development, the European Bank for Reconstruction and Development, and, as appropriate, any other multilateral development bank to use the voice, vote and influence of the United States to support an “all-of-the-above” energy policy at such institutions, including civil nuclear power, and for increased internal capacity building and expertise appropriate to implement such policy.