; and (2) the governors of such institution have approved the capital increase. (h) Opposition to Lending to the People’s Republic of China The Secretary of the Treasury shall instruct the United States executive director at each multilateral development bank to use the voice and vote of the United States to oppose any loan, extension of financial assistance, or technical assistance by such bank to the People’s Republic of China. (i) Contributions to Financial Intermediary Funds The Secretary of the Treasury shall ensure that no United States contribution to a financial intermediary fund may be used to provide any loan, extension of financial assistance, or technical assistance to the People’s Republic of China or to any country or region subject to comprehensive sanctions by the United States. (j) Report to Congress and Withholding (1) Not later than 120 days after the date of enactment of this Act, the Secretary of the Treasury shall submit a report to the Committees on Appropriations indicating the amount of funds that a financial intermediary fund is budgeting for the year in which the report is submitted for a country or region described in subsection (i). (2) If a report under paragraph (1) indicates that a financial intermediary fund plans to spend funds for a country or region described under subsection (i), including through projects implemented by a multilateral development bank, then 10 percent of the United States contribution to such bank shall be withheld from obligation for the remainder of the fiscal year in which the report is submitted. (k) Guidance on Multilateral Development Banks None of the funds appropriated or otherwise made available by this Act under the heading Multilateral Assistance may be used to implement, administer, or otherwise carry out Executive Order 14008 (relating to Executive Order on Tackling the Climate Crisis at Home and Abroad), including the memorandum entitled “Guidance on Fossil Fuel Energy at the Multilateral Development Banks”, issued by the Department of the