22 U.S.C. § 262o–3 — Administrative provisions

(a) Achievement of certain policy goals The Secretary of the Treasury should instruct the U.S. Executive Director at each multilateral development institution to tell the institution about these U.S. policy goals, and use America's voice and vote to achieve them before June 30, 2005: (1) Within 60 calendar days after the Board of Directors approves the minutes of a meeting, the institution must post an electronic version of the minutes online, with overly sensitive material removed. (2) The institution must keep a written transcript or recording of every Board meeting for at least 10 years afterward. (3) All public-sector loan, credit, and grant documents, and country and sector strategies and policies, presented for Board approval must be made public — with overly sensitive material redacted — 15 calendar days before the Board considers them, or, if not ready by then, when distributed to the Board. These documents must include the resources and requirements needed to ensure the borrower follows applicable laws while carrying them out, including laws on process integrity and transparency (like public consultation) and on public health, safety, and environmental protection. (4) The institution must post online an annual report with statistics and case studies on fraud and corruption cases its investigations unit pursued. (5) The institution must require that any health, education, or poverty-focused loan, grant, document, policy, or strategy include specific ways to measure results, with those results published periodically while it runs and when it's finished. (6) The institution must set a plan and schedule for regular, independent audits of its internal management controls — checking whether it meets its goals, follows bank policy, and prevents fraud — and make audit findings public. (7) The institution must set up effective procedures for receiving, keeping, and handling: (A) complaints about fraud, accounting, mismanagement, internal controls, or auditing; and (B) confidential, anonymous reports from employees about the same concerns. (b) Report By September 1, 2004, and every six months after, the Secretary of the Treasury must report to the relevant congressional committees on what each multilateral development institution has done to carry out the goals in subsection (a), and what more needs to be done. (c) Publication of written statements regarding inspection mechanism cases Within 60 calendar days after a multilateral development institution's Board meeting, the Secretary of the Treasury should arrange to publish, on the Treasury Department's website, any written statement the U.S. Executive Director gave at that meeting about a project facing an inspection-mechanism claim, or a pending inspection-mechanism case. (d) Congressional briefings The Secretary of the Treasury, or the Secretary's designee, should brief the relevant congressional committees, when asked, on steps the U.S. Executive Director and the institution itself have taken to carry out this section's measures. (e) Publication of "no" votes and abstentions by the United States Each month, the Secretary of the Treasury should arrange to post, on the Treasury Department's website, a record of every "no" vote and abstention the U.S. Executive Director cast at any multilateral development institution. (f) Multilateral development institution defined In this section, "multilateral development institution" has the meaning given in section 262r(c)(3) of this title.