No More Debt Relief to China Act

Sponsor: Scott Perry (Republican-PA)July 15, 2026

AI-generated ?

Report an error

Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the House Committee on Financial Services.

Removes the U.S. from global financial groups if they help China with debt relief.

This bill would remove the United States from the International Monetary Fund, World Bank Group, or Asian Development Bank. This would happen if these groups provide or help provide debt relief to China. The U.S. would also be permanently blocked from rejoining these organizations.

What Would Change

Today, the U.S. is a member of the International Monetary Fund, World Bank Group, and Asian Development Bank without a legal requirement to withdraw if they provide debt relief to the People's Republic of China. If this bill becomes law, the U.S. would be forced to withdraw from these groups under specific conditions related to debt relief for the People's Republic of China and would be permanently unable to rejoin them.

Key Provisions

Requires the U.S. to withdraw from the International Monetary Fund if it gives any debt relief to the People's Republic of China.
Requires the U.S. to withdraw from the World Bank Group or Asian Development Bank if their debt relief to another country helps the People's Republic of China give debt relief to that same country.
Blocks the U.S. from rejoining any of these international financial groups once it has withdrawn.
Directs the U.S. to vote against any debt relief for the People's Republic of China at the International Monetary Fund.
Requires the Treasury Secretary to get monthly reports on financial transactions from these international groups, including any debt relief for the People's Republic of China, and send them to Congress.

View on Congress.gov

HR 9713 · 119th Congress · July 15, 2026 · AI Summary by gemini-2.5-flash · 8/10

No More Debt Relief to China Act

What Would Change

Key Provisions

Lobbying Activity