US SB2362

Directs the Secretary of the Treasury to instruct U.S. Executive Directors at multilateral development banks (including the World Bank and Asian Development Bank) to oppose any loans or financial/technical assistance to China

Establishes U.S. policy that China should be graduated from eligibility for multilateral development bank assistance, citing China's status as the world's second-largest economy with over $3.28 trillion in foreign exchange reserves and 2024 gross national income per capita of $13,660

Notes China exceeded the graduation discussion income threshold (currently $7,895 per capita) in 2016, yet has received $12.9 billion in World Bank project loans since fiscal year 2016 and over $901 million from the Asian Development Bank in 2024 alone

Requires annual Treasury Department reports to Congress on China's borrowing status, voting power, and representation at each multilateral development bank, plus lists of countries exceeding graduation thresholds

Applies broadly to end lending and assistance to all countries that exceed the graduation discussion income at multilateral development banks