S. 2626 would require the U.S. Executive Director of the Inter-American Development Bank (IDB) to advocate for reducing the influence of the People’s Republic of China (PRC) on IDB operations and projects. The bill would require the Executive Director to report to the Congress about any IDB projects involving PRC entities that have violated or are violating U.S. sanctions or export controls. The bill also would require the Chief Executive Officer of the Development Finance Corporation (DFC) to report to the Congress on previous DFC collaboration with the IDB and opportunities for future DFC-IDB collaboration. Finally, the bill would require the Secretary of the Treasury to report biennially to the Congress on the PRC influence at the IDB and PRC funding of IDB projects.
On the basis of information about the costs of similar reports and diplomatic efforts to influence the actions of other nations and international organizations, CBO estimates that implementing S. 2626 would cost less than $500,000 annually and total $1 million over the 2026-2030 period. Such spending would be subject to the availability of appropriated funds.
The CBO staff contact for this estimate is David Rafferty. The estimate was reviewed by Christina Hawley Anthony, Deputy Director of Budget Analysis.
