No More Debt Relief to China Act
To remove the United States from the International Monetary Fund, the World Bank Group, or the Asian Development Bank if such an institution assists in providing debt relief to the People's Republic of China, and for other purposes.
HB9713 proposes that the United States should withdraw from the International Monetary Fund, the World Bank Group, or the Asian Development Bank if any of these institutions provide debt relief to China. This bill aims to ensure that the U.S. does not support actions that could potentially benefit China financially. If passed, it would impact the U.S.'s involvement in international financial institutions and its relationship with China.
Those directly affected would be U.S. taxpayers, as funding and decisions of these institutions are influenced by member contributions. Additionally, the global financial system, including China, would be indirectly affected by the U.S.'s stance on debt relief policies.
As of July 15, 2026, HB9713 was introduced in the House and referred to the House Committee on Financial Services. No further actions have been recorded, and it is currently under review.
