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United States · Bill · S

S. 1129 (109th)

Development Bank Reform and Authorization Act of 2005

openUnited States· United States Congress· EN

Introduced

26 May 2005

Last action

8 December 2006 · Reported

Status

Placed on Senate Legislative Calendar under General Orders. Calendar No. 674.

Sponsors

Sen. Lugar, Richard G. [R-IN], Sen. Hagel, Chuck [R-NE], Sen. Martinez, Mel [R-FL], Sen. Clinton, Hillary Rodham [D-NY], Sen. Stevens, Ted [R-AK], Sen. Alexander, Lamar [R-TN], Sen. Cochran, Thad [R-MS], Sen. Coleman, Norm [R-MN], Sen. Obama, Barack [D-IL], Sen. Thune, John [R-SD], Sen. Isakson, Johnny [R-GA], Sen. Biden, Joseph R., Jr. [D-DE]

Subjects

Discovery layer

Source updated

15 August 2025

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Summary

Development Bank Reform and Authorization Act of 2005 - Authorizes the Secretary of the Treasury to seek the creation of a pilot program that establishes an Anti-Corruption Trust at the World Bank, whose purposes shall include: (1) assisting poor countries in investigations and prosecutions of fraud and corruption related to a Bank loan, grant, or credit; and (2) determining whether such a pilot program should be carried out at other multilateral development banks. Directs the Secretary to monitor pilot program fund use. Amends the International Financial Institutions Act to direct the Secretary to use U.S. influence to promote goals at multilateral development banks (the African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank, the World Bank, and their subsidiaries or affiliates) relating to: (1) transparency; (2) financial disclosure; (3) anti-corruption; (4) enhanced auditing; (5) compensation for people negatively affected by bank projects; (6) borrower country qualifications; and (7) resource dependent country revenue transparency. Expresses the sense of Congress in support of the Extractive Industry Transparency Initiative and the 2003 and 2004 G-8 agreements. Amends the International Development Association Act to authorize the contribution of specified sums on behalf of the United States to the fourteenth replenishment of the International Development Association. Amends the African Development Fund Act to authorize the contribution of specified sums on behalf of the United States to the tenth replenishment of the Fund. Amends the Asian Development Bank Act to authorize the contribution of specified sums on behalf of the United States to the eighth replenishment of the Fund.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 26 May 2005

    Introduced

    Read twice and referred to the Committee on Foreign Relations. (text of measure as introduced: CR S6024-6027)

    Source: IntroReferral

  2. 26 May 2005

    Introduced

    Sponsor introductory remarks on measure. (CR S6023-6024)

    Source: IntroReferral

  3. 26 May 2005

    Introduced

    Introduced in Senate

    Source: IntroReferral

  4. 26 July 2005

    Reported

    Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.

    Source: Committee

  5. 8 December 2006

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 674.

    Source: Calendars

  6. 8 December 2006

    Reported

    Committee on Foreign Relations. Reported by Senator Lugar with an amendment in the nature of a substitute. Without written report.

    Source: Committee

  7. 8 December 2006

    Reported

    Committee on Foreign Relations. Reported by Senator Lugar with an amendment in the nature of a substitute. Without written report.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

5 official files

Reported to Senate (text)

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  • Reported to Senate (text)

    Reported to Senate · EN · 8 December 2006

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  • Reported to Senate (PDF)

    Reported to Senate · EN · 8 December 2006

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 26 May 2005

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 26 May 2005

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  • Introduced in Senate

    summary · EN · 26 May 2005

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Sponsors

Related records

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Sources

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