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S. 2626 would instruct the U.S. Executive Director at the Inter-American Development Bank (IDB) to work toward reducing the influence of China and Chinese-linked entities in the bank's operations and projects. The bill would require the U.S. representative to oppose any actions that could increase China's voting power relative to the United States, and to review IDB projects involving Chinese participation for risks to U.S. national and economic security.
The bill would also encourage the IDB to prioritize procurement from U.S. and allied companies rather than Chinese firms, and to focus on value and transparency in contracting rather than simply choosing the lowest-cost bids. Additionally, it would require the Treasury Secretary to report to Congress regularly on Chinese influence at the IDB, and would direct the U.S. Development Finance Corporation to explore greater collaboration with the IDB on development projects in the Western Hemisphere.
If enacted, the bill could create more opportunities for American companies competing for IDB-financed projects in Latin America and the Caribbean, while potentially affecting how quickly some projects move forward and limiting Chinese investment options in the region. The bill has passed committee review and is eligible for a floor vote in the Senate.
AI-generated summary
Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.
Oct 22, 2025
Oct 22, 2025 · 13:30
The Senate Committee on Foreign Relations convened on October 22, 2025, for a business meeting to consider a broad package of foreign policy legislation. The agenda included multiple bills targeting U.S. relations with China and Taiwan, such as measures to develop economic deterrence tools against Chinese aggression toward Taiwan, expedite military equipment transfers to Taiwan, and strengthen Taiwan's international standing. The committee also reviewed legislation addressing Russia, including a bill to designate Russia as a state sponsor of terrorism and measures to support Ukraine through seizure of Russian assets. Additional bills covered regional security partnerships like the AUKUS alliance with Australia and the United Kingdom, sanctions on Haitian elites, Arctic affairs, critical mineral supply chains, and international scam operations. No witnesses were listed for this business meeting, which focused on committee consideration of the proposed legislation rather than hearing public testimony. Business meetings typically allow committee members to debate bills and vote on whether to advance them to the full Senate. The hearing does not guarantee that any of the bills will advance. The committee's consideration of these measures represents the initial step in the legislative process, after which the bills would require further action and votes before potentially moving forward in Congress.
Committee on Foreign Relations. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.
Oct 30, 2025
Committee on Foreign Relations. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.
Oct 30, 2025
Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.
Oct 22, 2025
Oct 22, 2025 · 13:30
The Senate Committee on Foreign Relations convened on October 22, 2025, for a business meeting to consider a broad package of foreign policy legislation. The agenda included multiple bills targeting U.S. relations with China and Taiwan, such as measures to develop economic deterrence tools against Chinese aggression toward Taiwan, expedite military equipment transfers to Taiwan, and strengthen Taiwan's international standing. The committee also reviewed legislation addressing Russia, including a bill to designate Russia as a state sponsor of terrorism and measures to support Ukraine through seizure of Russian assets. Additional bills covered regional security partnerships like the AUKUS alliance with Australia and the United Kingdom, sanctions on Haitian elites, Arctic affairs, critical mineral supply chains, and international scam operations. No witnesses were listed for this business meeting, which focused on committee consideration of the proposed legislation rather than hearing public testimony. Business meetings typically allow committee members to debate bills and vote on whether to advance them to the full Senate. The hearing does not guarantee that any of the bills will advance. The committee's consideration of these measures represents the initial step in the legislative process, after which the bills would require further action and votes before potentially moving forward in Congress.
Committee on Foreign Relations. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.
Oct 30, 2025
Committee on Foreign Relations. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.
Oct 30, 2025
Congress
119th Congress
Introduced
Jul 31, 2025
