Manchin Joins GOP Senators In China Loan Ban Effort

Sen. Joe Manchin, D-W.Va., speaks to reporters outside the West Wing of the White House in Washington, Tuesday, Aug. 16, 2022, after President Joe Biden signed the Democrats' landmark climate change and health care bill. (AP Photo/Andrew Harnik)
  • Sen. Joe Manchin, D-W.Va., and 21 Republican senators and are coalescing around a bill that aims to cut the Chinese government off from the World Bank’s lending program.
  • GOP Conference Chairman John Barrasso, R-Wyo., introduced the legislation on Tuesday, one day after China’s president and leader of the ruling Chinese Communist Party Xi Jinping met with Russian President Vladimir Putin. That meeting sparked fears that Beijing could soon use its considerable resources to aid Russia’s invasion of Ukraine.
  • Barrasso’s bill would establish a U.S. policy of opposing the World Bank and other multilateral development banks, which lend money to developing countries, loans to China and other countries whose economies are strong enough to survive without it.