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Congress Must Approve Special Drawing Rights Allocations

This bill requires all Special Drawing Rights (SDR) allocations to be authorized by Congress. This means the government cannot independently decide on transferring these international financial assets, increasing citizens' control over public spending through their representatives in Congress.
Key points
All future Special Drawing Rights (SDR) allocations will require Congressional approval.
Increases Congressional oversight of the government's international financial transactions.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_1513
Sponsor: Rep. Perry, Scott [R-PA-10]
Process start date: 2021-03-02
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Special Drawing Rights Oversight Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1513.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-02.

What are the main provisions?

Key points include:

  • All future Special Drawing Rights (SDR) allocations will require Congressional approval.
  • Increases Congressional oversight of the government's international financial transactions.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Perry, Scott [R-PA-10].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Economy