S. 1129: Development Bank Reform and Authorization Act of 2005

109th Congress · introduced 2005-05-26 · International Affairs · Latest: Placed on Senate Legislative Calendar under General Orders. Calendar No. 674.

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Follow this bill, step by step

Where it came from: introduced 2005-05-26 · official record
Who proposed it: Sen. Lugar, Richard G. [R-IN] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Placed on Senate Legislative Calendar under General Orders. Calendar No. 674. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Development Bank Reform and Authorization Act of 2005

Plain 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.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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A “Nay” vote

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What does this mean? (plain words)

Official text

Development Bank Reform and Authorization Act of 2005

Source: Congressional Research Service summary (Introduced in Senate)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Lugar, Richard G. [R-IN] · 11 cosponsors

Cost estimate: CBO cost estimate: S. 1129, Development BankReform and Authorization Act of 2005 (2005-07-29); CBO cost estimate: S. 1129, Development BankReform and Authorization Act of 2005 (2005-07-29)

Cosponsors on this site

John Thune (R-SD)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Authorization: A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.
Ballot initiative: A proposed law or constitutional amendment that citizens place on the ballot by gathering enough voter signatures, so voters decide it directly. About half the states allow some form of it.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-109s1129.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/109/s>

Record fed-us-cong109-s1129 · catalog fed-us-congress-bills-cong109 · updated 2026-11-15 by psicol fed-bills-cong109