Bill · H.R. 9713· House(119-HR-9713)
No More Debt Relief to China Act
- Introduced
- 7/15/2026
- Last activity
- 7/15/2026 — Referred to the House Committee on Financial Services.
- Sponsored by
- Scott Perry
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, titled the "No More Debt Relief to China Act," directs the withdrawal of the United States from certain international financial institutions. The Secretary of the Treasury must trigger withdrawal if the International Monetary Fund provides relief on loans to the People's Republic of China. Similar withdrawal actions are required for the World Bank Group or the Asian Development Bank if their relief actions aid the People's Republic of China in providing its own debt relief to other countries. The bill also requires the U.S. voice at the IMF to oppose such relief. Furthermore, it mandates monthly reports on financial transactions from these institutions to Congress.
Yes
Does this make what the government does easier for the public to see?+6
The bill mandates monthly reports on financial transactions from international institutions to be transmitted to Congress.
Does this reduce what the federal government spends?+5
The bill reduces government spending by mandating withdrawal from major international financial institutions.
Does this give the federal government more power?+4
The bill explicitly asserts Congressional authority to direct the actions of the United States in international financial institutions.
The opposite· 3 of 4
Does this send more money or help to other countries?-7
The bill reduces the capacity for international development assistance by withdrawing from the World Bank and Asian Development Bank.
Does this strengthen ties with allied countries?-6
Withdrawal from major multilateral institutions could strain relationships with international partners and financial bodies.
Is this likely to grow the economy?-5
Withdrawing from major global financial institutions could negatively impact the U.S. ability to influence and stabilize the global economy.
Who it would affect, and how
Potential Positive Impacts for People
-
Opposition to Chinese Debt Relief: The Secretary of the Treasury is required to instruct the U.S. Executive Director at the IMF to use the voice and vote of the United States to oppose relief provided to the People's Republic of China (Section 3).
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Increased Financial Oversight: The Secretary of the Treasury must obtain monthly reports from the International Monetary Fund, the World Bank Group, and the Asian Development Bank regarding all financial transactions, including funds provided to or debt forgiven for the People's Republic of China, to be transmitted to Congress (Section 4).
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Establishment of Congressional Authority: The bill establishes the policy that Congress has the authority to direct the actions of the United States in international financial institutions (Section 5).
Potential Negative Impacts for People
-
Loss of Membership in International Institutions: The United States would be required to withdraw from the International Monetary Fund, the World Bank Group, or the Asian Development Bank under specific conditions regarding debt relief involving the People's Republic of China (Section 2(a)).
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Permanent Exclusion from Institutions: Once the United States withdraws from an institution under this section, it is prohibited from becoming a member of that institution again (Section 2(d)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- National Security And Foreign Policy
- Increases Foreign Aid-7Improves International Alliances-6
- Governance And Ideology
- Improves Government Transparency+6Increases Federal Power+4
- Demographic And Interest Groups
- Good For Low Income Households-3
- Economy And Finance
- Reduces Government Spending+5Improves Economic Growth-5
- 7/15/2026
- Referred to the House Committee on Financial Services.
- Introduced in House