Bradley Byrne voted Yea (Passage) on this Legislation.
Read statements Bradley Byrne made in this general time period.
Title: World Bank Accountability Act of 2017
A vote to pass a bill that authorizes up to 30% of the United States' contribution to the World Bank for loans to underdeveloped countries to be withheld if certain conditions are not met.
Appropriates $3.3 billion for the United States’ share of the 18th replenishment of the International Development Association (IDA), through which the World Bank makes loans to underdeveloped countries (Sec. 5).
Requires the Secretary of Treasury to withhold 15% of that appropriation if countries borrowing from the IDA are not implementing the United Nations Security Council resolution to impose sanctions on North Korea (Sec. 4).
Authorizes the Secretary of Treasury to withhold an additional 15% if it verifies that in the preceding fiscal year, the World Bank approved a loan to a country designated by the U.S. as a state sponsor of terrorism (Sec. 2).
Authorizes the President to waive these provisions if a country’s failure to meet the conditions is due exclusively to a lack of capacity of the country’s government (Sec. 4).
Specifies that the President can also waive these provisions if doing so is “vital to the national security interests” of the United States (Sec. 4).
Title: World Bank Accountability Act of 2017