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house Bill H.R. 3326

Reducing the U.S. Contribution to the World Bank if Corruption Continues

Argument in favor

As a world leader the U.S. has a duty to pay its share of the bill for replenishing the World Bank’s development funds. That said, America should insist on the implementation of anti-corruption reforms and reducing its contribution by up to 30% if the World Bank doesn’t follow through is wise.

Jennifer 's Opinion
···
01/15/2018
The comments regarding the current administration’s corruption and getting our own house in order are laughable. Since the war on poverty, declared by President Johnson in the 60’s, has not yielded any measurable metrics of success, I would say the corruption is within the Democrat party. While they proposed the War on Poverty, they then lined their own pockets while their districts suffered—Maxine Waters’, Pelosi’s, Cummings’, and Conyer’s Districts come to mind. And let’s talk Global Initiatives—Haiti and The Clinton Foundation’s corruption, as well as the UN stealing food meant for starving African’s come to mind. Also, as we are learning, the Obama administration may have prevented the DEA from doing their job, by allowing a Hezbollah drug cartel to flourish so that his legacy Iran deal would go through, while delivering billions in funds in the dead of night—never thinking our citizens would find out. Those funds were not used to help their people, but to fund terrorism. How naive! And let’s not forget a Democrat paid for dossier, and the weaponizing of the FBI and IRS for political purpose. This administration is corrupt? Pleeease! I think, in time, the Obama administration will be revealed as one of the most corrupt in our history. I say this as a life long Democrat who got woked!
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Benjamin's Opinion
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01/17/2018
Let’s do the same thing for our financial institutions and put programs in place to reduce poverty in our own country. Lead by example.
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Matthew's Opinion
···
01/17/2018
This is unconstitutional to begin with. No US tax money should go to any international organization except to pay for US staff.
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Argument opposed

It’s vitally important for the U.S. to provide its share of funding for the World Bank, but conditioning up to 30% of that money on the implementation of reforms is counterproductive both to promoting accountability and the bank’s initiatives to reduce poverty throughout the developing world.

Ticktock's Opinion
···
01/14/2018
The Republicans are going to place this stricture on the World Bank? They just passed a tax bill that gave the wealthy and corporations a large tax cut, increased the deficit over one trillion dollars in order to do it and plan to cut social programs this year for those that need those programs. They are calling out the World Bank? That’s like the pot calling the kettle black. We need to vote these greedy, self serving people out of office. Remember to vote in 2018 and 2020 and remember stunts like the tax bill and this one.
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Erin's Opinion
···
01/17/2018
No, because this bill seems to withhold funding only to appease trump. This is money that the country agreed to pay and is now reneging because the current administration perceives some slight.
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PatrickInNC's Opinion
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01/17/2018
Drain your own swamp instead of worrying about someone else's, Congress.
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Foreign Relations
  • The house Passed January 17th, 2018
    Roll Call Vote 237 Yea / 184 Nay
      house Committees
      Committee on Financial Services
    IntroducedJuly 20th, 2017

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What is House Bill H.R. 3326?

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).

Impact

Those involved with the World Bank’s anti-poverty programs; the World Bank; Congress; and the Treasury Department.

Cost of House Bill H.R. 3326

$3.30 Billion
The CBO estimates that enacting this bill would cost about $3.3 billion over the 2018-2022 period.

More Information

In-Depth: Sponsoring Rep. Andy Barr (R-KY) introduced this bill to ensure the World Bank enacts reforms aimed at promoting accountability for its spending:

“If the Bank is to be successful in its goal to eliminate poverty, then business as usual is not enough. The World Bank may have the best of intentions, but we must call on the Bank to deliver results, not simply look for new ways to push money out the door. In addition, the Bank is involved in a number of countries whose economic prospects are key for U.S. security interests. If the Bank cannot design and execute projects effectively, then not only could the world be less well-off, it could also be less safe.”

House Democrats have expressed opposition to provisions in the bill that would reduce the U.S. contribution to the World Bank if reforms aren’t adopted despite supporting the bill:

“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 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 ti 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.”

This legislation passed the House Financial Services Committee on a 60-0 vote and has the support of one cosponsor in the House, Rep. Brad Sherman (D-CA).


Media:

Summary by Eric Revell

(Photo Credit: ablokhin / iStock)

AKA

World Bank Accountability Act of 2017

Official Title

To increase accountability, combat corruption, and strengthen management effectiveness at the World Bank.

    The comments regarding the current administration’s corruption and getting our own house in order are laughable. Since the war on poverty, declared by President Johnson in the 60’s, has not yielded any measurable metrics of success, I would say the corruption is within the Democrat party. While they proposed the War on Poverty, they then lined their own pockets while their districts suffered—Maxine Waters’, Pelosi’s, Cummings’, and Conyer’s Districts come to mind. And let’s talk Global Initiatives—Haiti and The Clinton Foundation’s corruption, as well as the UN stealing food meant for starving African’s come to mind. Also, as we are learning, the Obama administration may have prevented the DEA from doing their job, by allowing a Hezbollah drug cartel to flourish so that his legacy Iran deal would go through, while delivering billions in funds in the dead of night—never thinking our citizens would find out. Those funds were not used to help their people, but to fund terrorism. How naive! And let’s not forget a Democrat paid for dossier, and the weaponizing of the FBI and IRS for political purpose. This administration is corrupt? Pleeease! I think, in time, the Obama administration will be revealed as one of the most corrupt in our history. I say this as a life long Democrat who got woked!
    Like (79)
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    The Republicans are going to place this stricture on the World Bank? They just passed a tax bill that gave the wealthy and corporations a large tax cut, increased the deficit over one trillion dollars in order to do it and plan to cut social programs this year for those that need those programs. They are calling out the World Bank? That’s like the pot calling the kettle black. We need to vote these greedy, self serving people out of office. Remember to vote in 2018 and 2020 and remember stunts like the tax bill and this one.
    Like (172)
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    No, because this bill seems to withhold funding only to appease trump. This is money that the country agreed to pay and is now reneging because the current administration perceives some slight.
    Like (47)
    Follow
    Share
    Drain your own swamp instead of worrying about someone else's, Congress.
    Like (41)
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    Let’s do the same thing for our financial institutions and put programs in place to reduce poverty in our own country. Lead by example.
    Like (31)
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    I do not condone the stealing of resources from any citizen for the enrichment of government officials. Not all poverty is caused by corruption or eliminated through monetary contributions. However, the US has no moral right to bully other countries (coincidentally, mostly poor, non-white countries) by once again breaking a promise made. When our house is in order and the members of our Congress prove they can put the needs of the average American citizen above their own greed and hunger for power, start holding DJT and his cabinet minions accountable for their corrupt actions in the giving away of our resources to corporations and money-grubbing donors at the expense of our poor, they will have a moral leg on which to stand.
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    This is unconstitutional to begin with. No US tax money should go to any international organization except to pay for US staff.
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    Don’t cut our commitments to third world countries to help cover the GOPs tax cuts for the wealthy & large corporations. Great nations support others in need. Failing nations turn their backs on those in their time of need.
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    How remarkable that the US holds itself above corruption! Those politicians funded by the Koch’s, lobbyists and special interest groups, can you honestly step forward and denounce others when your own hands are so dirty? It is #45’s plan to break every single promise the US has ever made. Count me as not surprised!
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    We should reduce our contribution regardless.
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    We are not the world authority on banking. We cannot even successfully regulate our banks. This is yet another garbage bill from the Republicans.
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    You bet cut our contributions it’s time others pay their share, many of other nations are hostile to the United States, so until the problem are corrected cut our contributions.
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    It’s time we pull back on how much we give away to the world for free. We need to clean up first. Our plan to me is not strong enough yet giving away money.
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    Firstly, I hate the idea of a world Bank. But, if there's going to be one, there needs to be accountability.
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    Are Republicans in Congress serious with this legislation? We have one of the most corrupt administrations in the history of the United States and we want to pretend as if we really care about corruption and accountability across the world? This must be a joke! This bill will also be massively counterproductive for us if we’re actually serious about fighting world poverty.
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    The US is the largest contributor to the world bank. If it’s not being run effectively, we should be free to withhold some funding.
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    The US has no right holding itself out as holier than thou and pretending that it cannot abide corruption. This admin is one of the most corrupt. You’d support the KKK if you thought it would get you one more vote or one more dollar. After all, you supported Roy Moore even with child molestation accusations. It was more important to you to get that one vote than to hold to a high moral ground for a Senate candidate. Don’t put conditions on other countries that you can’t meet yourselves. Just puts your hypocrisy up in larger neon lights than it is already.
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    The greed of the republicans knows no bounds..a tax scam for the benefit of the rich and huge corporations and now they want the same for the world bank..they are money grubbing unethical immoral PIGS!
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    Why only 30% why not 100%? I mean,if you want to get some act right in somebody you hit ‘em in their ass pocket. Everybody know dat boy. READ, WEEP, PRINT AND KEEP! This should be on the front page of every newspaper. Charley Reese's Final column! A very interesting column. COMPLETELY NEUTRAL. Be sure to Read the Poem at the end.. Charley Reese's final column for the Orlando Sentinel... He has been a journalist for 49 years. He is retiring and this is HIS LAST COLUMN. Be sure to read the Tax List at the end. This is about as clear and easy to understand as it can be. The article below is completely neutral, neither anti-republican or democrat. Charlie Reese, a retired reporter for the Orlando Sentinel, has hit the nail directly on the head, defining clearly who it is that in the final analysis must assume responsibility for the judgments made that impact each one of us every day. It's a short but good read. Worth the time. Worth remembering! 545 vs. 300,000,000 People -By Charlie Reese Politicians are the only people in the world who create problems and then campaign against them. Have you ever wondered, if both the Democrats and the Republicans are against deficits, WHY do we have deficits? Have you ever wondered, if all the politicians are against inflation and high taxes, WHY do we have inflation and high taxes? You and I don't propose a federal budget. The President does. You and I don't have the Constitutional authority to vote on appropriations. The House of Representatives does. You and I don't write the tax code, Congress does. You and I don't set fiscal policy, Congress does. You and I don't control monetary policy, the Federal Reserve Bank does. One hundred senators, 435 congressmen, one President, and nine Supreme Court justices equates to 545 human beings out of the 300 million are directly, legally, morally, and individually responsible for the domestic problems that plague this country. I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank. I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman, or a President to do one cotton-picking thing. I don't care if they offer a politician $1 million dollars in cash. The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator's responsibility to determine how he votes. Those 545 human beings spend much of their energy convincing you that what they did is not their fault. They cooperate in this common con regardless of party. What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits.. ( The President can only propose a budget. He cannot force the Congress to accept it.) The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes. Who is the speaker of the House?( John Boehner. He is the leader of the majority party. He and fellow House members, not the President, can approve any budget they want. ) If the President vetoes it, they can pass it over his veto if they agree to. [The House has passed a budget but the Senate has not approved a budget in over three years. The President's proposed budgets have gotten almost unanimous rejections in the Senate in that time. ] It seems inconceivable to me that a nation of 300 million cannot replace 545 people who stand convicted -- by present facts -- of incompetence and irresponsibility. I can't think of a single domestic problem that is not traceable directly to those 545 people. When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist. If the tax code is unfair, it's because they want it unfair. If the budget is in the red, it's because they want it in the red. If the Army & Marines are in Iraq and Afghanistan it's because they want them in Iraq and Afghanistan .. If they do not receive social security but are on an elite retirement plan not available to the people, it's because they want it that way. There are no insoluble government problems. Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power. Above all, do not let them con you into the belief that there exists disembodied mystical forces like "the economy," "inflation," or "politics" that prevent them from doing what they take an oath to do. Those 545 people, and they alone, are responsible. They, and they alone, have the power. They, and they alone, should be held accountable by the people who are their bosses. Provided the voters have the gumption to manage their own employees... We should vote all of them out of office and clean up their mess! Charlie Reese is a former columnist of the Orlando Sentinel Newspaper. What you do with this article now that you have read it... is up to you. This might be funny if it weren't so true. Be sure to read all the way to the end: Tax his land, Tax his bed, Tax the table, At which he's fed. Tax his tractor, Tax his mule, Teach him taxes Are the rule. Tax his work, Tax his pay, He works for peanuts anyway! Tax his cow, Tax his goat, Tax his pants, Tax his coat. Tax his ties, Tax his shirt, Tax his work, Tax his dirt. Tax his tobacco, Tax his drink, Tax him if he Tries to think. Tax his cigars, Tax his beers, If he cries Tax his tears. Tax his car, Tax his gas, Find other ways To tax his ass. Tax all he has Then let him know That you won't be done Till he has no dough. When he screams and hollers; Then tax him some more, Tax him till He's good and sore. Then tax his coffin, Tax his grave, Tax the sod in Which he's laid... Put these words Upon his tomb, 'Taxes drove me to my doom...' When he's gone, Do not relax, Its time to apply The inheritance tax. Accounts Receivable Tax Building Permit Tax CDL license Tax Cigarette Tax Corporate Income Tax Dog License Tax Excise Taxes Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Permit Tax Gasoline Tax (currently 44.75 cents per gallon) Gross Receipts Tax Hunting License Tax Inheritance Tax Inventory Tax IRS Interest Charges IRS Penalties (tax on top of tax) Liquor Tax Luxury Taxes Marriage License Tax Medicare Tax Personal Property Tax Property Tax Real Estate Tax Service Charge Tax Social Security Tax Road Usage Tax Recreational Vehicle Tax Sales Tax School Tax State Income Tax State Unemployment Tax (SUTA) Telephone Federal Excise Tax Telephone Federal Universal Service Fee Tax Telephone Federal, State and Local Surcharge Taxes Telephone Minimum Usage Surcharge Tax Telephone Recurring and Nonrecurring Charges Tax Telephone State and Local Tax Telephone Usage Charge Tax Utility Taxes Vehicle License Registration Tax Vehicle Sales Tax Watercraft Registration Tax Well Permit Tax Workers Compensation Tax STILL THINK THIS IS FUNNY? Not one of these taxes existed 100 years ago, & our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids. What in the heck happened? Can you spell 'politicians?' I hope this goes around THE USA at least 545 times!!! YOU can help it get there!!! GO AHEAD. . . BE AN AMERICAN!!! SEND THIS TO EVERYONE YOU KNOW Like · · Share · 2 hours ago via mobile ·
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    Stop wasting tax payers money
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