Referred to the House Committee on Financial Services.
Summary
The legislation directs the United States to leave any of three multilateral financial institutions—the International Monetary Fund, the World Bank Group, or the Asian Development Bank—if those institutions assist the People’s Republic of China with debt relief. It targets U.S. participation in these bodies and is intended to prevent U.S. support for Chinese debt relief. No other actions or funding are described in the available text.
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