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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.
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Status:
Expired
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Additional Information
Special Drawing Rights Oversight Act
Print number: HR 1513
Sponsor: Rep. Perry, Scott [R-PA-10]
Process start date: 2021-03-02
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Congress Must Approve Special Drawing Rights Allocations

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is 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.

Analysis and Potential Impact of HR 1513

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy