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22 U.S.C. § 262p–9Reform of the “Doing Business” Report of the World Bank

submitted 17 years ago by Pub. L. 95-118 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 279 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law sets U.S. policy goals to change how the World Bank's Doing Business Report scores labor practices. Treasury must instruct U.S. representatives to push these goals and post its instructions online within 60 days.

(a) The Treasury Secretary must instruct the U.S. representatives at the World Bank, International Development Association, and International Finance Corporation on U.S. policy goals, and direct them to use America's voice and vote to actively push for: (1) Suspending use of the "Employing Workers" Indicator to rank or score country performance in the World Bank's annual Doing Business Report, until better indicators are developed that fairly reflect the value of internationally recognized worker rights — including core labor standards — in creating a stable, favorable investment environment. These new indicators should draw on member governments' experience with labor market issues, and should be developed together with the World Bank, International Finance Corporation, International Labor Organization, private companies, and labor unions. (2) Eliminating the "Labor Tax and Social Contributions" sub-indicator from the annual Doing Business Report. (3) Removing the "Employing Workers" Indicator as a factor ("guidepost") used to calculate each recipient country's annual Country Policy and Institutional Assessment score. (b) Within 60 days after June 24, 2009, the Treasury Secretary must instruct the U.S. representatives named in subsection (a) to take proper steps to carry out these policy goals, and must post that instruction on the Treasury Department's website.
the actual law source: uscode.house.gov ↗public domain
(a)

The Secretary of the Treasury shall instruct the United States Executive Directors at the International Bank for Reconstruction and Development, the International Development Association, and the International Finance Corporation of the following United States policy goals, and to use the voice and vote of the United States to actively promote and work to achieve these goals:

(1)

Suspension of the use of the “Employing Workers” Indicator for the purpose of ranking or scoring country performance in the annual Doing Business Report of the World Bank until a set of indicators can be devised that fairly represent the value of internationally recognized workers’ rights, including core labor standards, in creating a stable and favorable environment for attracting private investment. The indicators shall bring to bear the experiences of the member governments in dealing with the economic, social and political complexity of labor market issues. The indicators should be developed through collaborative discussions with and between the World Bank, the International Finance Corporation, the International Labor Organization, private companies, and labor unions.

(2)

Elimination of the “Labor Tax and Social Contributions” Subindicator from the annual Doing Business Report of the World Bank.

(3)

Removal of the “Employing Workers” Indicator as a “guidepost” for calculating the annual Country Policy and Institutional Assessment score for each recipient country.

(b)

Within 60 days after June 24, 2009, the Secretary of the Treasury shall provide an instruction to the United States Executive Directors referred to in subsection (a) to take appropriate actions with respect to implementing the policy goals of the United States set forth in subsection (a), and such instruction shall be posted on the website of the Department of the Treasury.

Source credit: (Pub. L. 95–118, title XVI, § 1626, as added Pub. L. 111–32, title XI, § 1110, June 24, 2009, 123 Stat. 1902.)

history & why it existsrecord from the source credit
  • 2009Enacted · Pub. L. 95-118 · 123 Stat. 1902

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-118 on 2009-06-24.

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