Mr. Chairman, I thank our chairman of the full committee and the chairman of the subcommittee, Mr. Barr from Kentucky, for bringing this bill, H.R. 3326, to the floor today because this is precisely what the American people want out of their government in Washington, D.C.: accountability. Mr. Chairman, our constituents ask us all the time: Do you monitor the money that you send and spend around the world to further America's interests? There are always a lot of people just kind of looking around. And how do we verify that? Well, Mr. Chairman, here is an opportunity to verify that. This important piece of legislation would require the World Bank to implement real incentives, particularly through staff evaluation standards, that prioritize antipoverty results and capable project management over just the volume of loans they produce. It is that classic management expertise, quality over quantity. Of course we want poverty eradicated. The taxpayers of this country wouldn't vote for us to approve spending like this if it wasn't done right to further America's interests around the world and to alleviate poverty around the world. If the World Bank is serious about that, then it would defend the poorest's freedoms more vigorously. In other words, Mr. Chairman, no reforms like we propose, then poverty is not eradicated; the poor are not helped. So H.R. 3326 insists on greater efforts by the World Bank to fight corruption in its projects.…
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Mr. Speaker, I yield 2 minutes to the gentleman from Ohio (Mr. Davidson), the bill's sponsor and author.
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise in strong support of H.R. 386, the Chinese Currency Accountability Act. I thank my good friend, the gentleman from Ohio (Mr. Davidson), for sponsoring this…





