1. Short title; table of contents (a) Short title This Act may be cited as the Multilateral Aid Review Act of 2020 . (b) Table of contents The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Purpose. Sec. 3. Appropriate congressional committees defined. Sec. 4. Objectives. Sec. 5. Scope. Sec. 6. Report on Review. Sec. 7. United States Multilateral Review Task Force. Sec. 8. United States Multilateral Aid Review Peer Review Group. Sec. 9. Termination of authorities. 2. Purpose The purpose of this Act is to establish a United States Multilateral Aid Review (referred to in this Act as the Review ) to publicly assess the value of United States Government investments in multilateral entities. 3. Appropriate congressional committees defined In this Act, the term appropriate congressional committees means— (1) the Committee on Foreign Relations of the Senate ; (2) the Committee on Appropriations of the Senate ; (3) the Committee on Foreign Affairs of the House of Representatives ; (4) the Committee on Financial Services of the House of Representatives ; and (5) the Committee on Appropriations of the House of Representatives . 4. Objectives The objectives of the Review are— (1) to provide a tool to guide the United States Government’s decision making and prioritization with regard to funding multilateral entities; (2) to provide a methodological basis for allocating budgetary resources to entities that advance relevant United States foreign policy objectives; (3) to incentivize improvements in the performance of multilateral entities to achieve better outcomes, including in developing, fragile, and crisis-afflicted regions