; or (2) the date that the Secretary of the Treasury reports to the Committee on Financial Services of the House of Representatives and the Committee on Foreign Relations of the Senate that termination of subsection (a) is important to the national interest of the United States, with a detailed explanation of the reasons therefor. 4. Accountability for World Bank loans to the People’s Republic of China (a) In general Before contributing on behalf of the United States to the nineteenth replenishment of the resources of the International Development Association (in this section referred to as the Association ), the United States Governor of the Association, shall submit the report described in subsection (b) to the Committee on Financial Services of the House of Representatives and the Committee on Foreign Relations of the Senate. (b) Report described The report described in this subsection shall include the following: (1) A detailed description of the efforts of the United States Governor of the Association and the United States Governor of the International Bank for Reconstruction and Development (in this section referred to as the IBRD ) to enforce the timely graduation of countries from the International Development Association and the IBRD, with a particular focus on the efforts with regard to the People’s Republic of China. (2) If the People’s Republic of China is a member country of the IBRD, an explanation of any economic or political factors that have prevented the graduation of the People’s Republic of China from the IBRD. (3) A discussion of any effects resulting from fungibility and IBRD lending to China, including the potential for IBRD lending to allow for funding by the government of the People’s Republic of China of activities that may be inconsistent with the national interest of the United States. (4) An action plan to help ensure that the People’s Republic of China graduates from the IBRD within 2 years after submission of the report, consistent with the lending eligibility criteria of the IBRD.