Mr. MCCORMICK (for himself and Mr. KAINE) submitted an amendment ... cited as the 'Strengthening United States Leadership at the IDB Act' ... The Secretary of the Treasury ... shall instruct the United States Executive Director at the Inter-American Development Bank to use the voice, vote, and influence of the United States to reduce the influence of the PRC and PRC entities in IDB operations, activities, and projects ... [and] to advocate for increased ... procurement by entities from the United States and member countries of the IDB that are allies or partners of the United States ... [and] to encourage collaboration between the IDB and the United States International Development Finance Corporation.
Support and advance legislation to reduce the influence of the People's Republic of China at the Inter-American Development Bank, encourage IDB procurement from U.S. and partner-country entities, and promote collaboration between the IDB and the U.S. International Development Finance Corporation.
Occurrences
Evidence
Campaign page says McCormick would work to restore military strength and includes an 'Ending China's Free Rein' section saying China poses the gravest threat and that he introduced a plan to fortify American military and economic strength and thwart China's ambitions.
The Foreign Relations subcommittee page lists Dave McCormick as a majority member of the East Asia, Pacific, and International Cybersecurity Policy subcommittee and the Multilateral International Development, Multilateral Institutions, and International Economic, Energy, and Environmental Policy subcommittee. The latter covers U.S. participation in international financial institutions, trade organizations, foreign economic policy, international investment, international trade, and export promotion.
S. Res. 707 was submitted by Mrs. Shaheen and Mr. Budd on April 30, 2026. The text says the PRC has solidified engagement in Latin America and the Caribbean through institutions including the Inter-American Development Bank, and resolves that the United States should counter PRC influence while emphasizing DFC financing as an alternative to PRC loans.
The committee legislation page lists S. Res. 707 with last action 04/30/2026 and the title expressing concern about PRC influence in Latin America and the Caribbean and calling for strengthened U.S. economic, security, and diplomatic engagement in the region.
McCormick's office announced that the Senate Foreign Relations Committee advanced four McCormick-backed bills: Iran internet freedom legislation, the Eastern Mediterranean Gateway Act, the Pacific POWER Act, and a passport-services bill. The listed advanced bills do not include IDB, PRC influence at the IDB, IDB procurement, or IDB-DFC collaboration legislation.
Assessments
The record provided does not show McCormick writing, sponsoring, cosponsoring, or materially advancing IDB-specific legislation on PRC influence, U.S./partner procurement, or IDB-DFC collaboration during his current Senate term. A related S. Res. 707 addressed PRC influence in Latin America and mentioned the IDB and DFC, but it was introduced by other senators, was not shown to pass, and did not cover the full promised procurement/collaboration substance. Committee membership gave McCormick a venue, but not evidence of delivery or a serious failed attempt on this specific promise.