PlainBillCongress, translated.Legislation. Context. Public interest.Placed on Senate Legislative Calendar under General Orders. Calendar No. 674.
Congressional Research Service
Version 00 · Introduced in Senate · May 26, 2005
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.
Showing the opening paragraphs of the official summary.
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.
People & committees
Sen. Lugar, Richard G. [R-IN] · R–IN
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 674.
Committee on Foreign Relations. Reported by Senator Lugar with an amendment in the nature of a substitute. Without written report.
Committee on Foreign Relations. Reported by Senator Lugar with an amendment in the nature of a substitute. Without written report.
Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.
Read twice and referred to the Committee on Foreign Relations. (text of measure as introduced: CR S6024-6027)
Sponsor introductory remarks on measure. (CR S6023-6024)
Introduced in Senate
Primary sources
Text links open the official source. We currently store references to these documents.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 15, 2025. Consult Congress.gov for the current record.
AI Conversation Starters
Choose a perspective, copy a prompt, and paste it into your preferred AI. Each prompt includes the bill version and available official source links, and asks for counterarguments as well as supporting evidence.
Analyze S.1129 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
Examine S.1129 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.
Examine S.1129 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.
Examine S.1129 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.