“This bill — known as the World Bank Accountability Act — would authorize the appropriation of about $3.3 billion over the 2018-2020 period for the United States’ share of the 18th replenishment of the International Development Association (IDA), which is part of the World Bank. The Secretary of the Treasury would be required to withhold up to 30 percent of that contribution unless they certify to Congress that the World Bank and IDA are adopting institutional reforms aimed at promoting accountability in its poverty reduction initiatives and fighting corruption in each of the three preceding fiscal years. The bill would require the Secretary of the Treasury to instruct the U.S. Executive Director at the International Bank for Reconstruction and Development to use the voice and vote of the U.S. to oppose assistance to governments that have failed to implement sanctions required by U.N. Security Council resolution that’s in effect (such as the one targeting North Korea)”(Source: Countable)
Why Jason Lewis’ vote conflicts with our values.
“We support this legislation because we support the authorization for the United States to participate in the IDA- 18 replenishment. We also believe that international cooperation through U.S. leadership at the international financial institutions helps advance U.S. national security, economic interests and values. But we strongly oppose the provisions in the bill that place conditions on U.S. contributions to IDA because we do not believe this is an effective approach to reform, and, more importantly, because it could lead to a situation in which the United States would undermine IDA’s critical efforts to promote growth and reduce extreme poverty in the world.” (Source: Minority View, Committee on Financial Services, Report 115-298)
“While this bill authorizes $3.29 billion for the U.S. contribution to the World Bank’s International Development Association (IDA) for FY 2018 – FY 2020, it withholds up to 30% of the funding unless certain requirements are met. While most of the requirements are reasonable, withholding funds that benefit the poorest countries in the world is not the appropriate way of pushing the Bank to reform its operations. When H.R. 3326 was being considered in Committee, Ranking Member Waters urged support for the bill with the understanding that Chairman Hensarling and his staff would continue to work on components that Democrats opposed. Despite that agreement, House Republicans decided to move the bill to the Floor without changes. In another attempt to improve the bill, Rep. Moore (WI) offered an amendment that would have allowed the Secretary of the Treasury to voice U.S. concerns at the bank, instead of enforcing overreaching and vague policy reforms through cuts to funding that will hurt some of the poorest people in the world, but her amendment was not made in order. On several occasions Democrats attempted to work with Republicans to improve this legislation that impacts the most vulnerable in the world, but Republicans decided to move forward on their own. ” (Source: National Write Your Congressman)