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Streamlining World Bank Bonds: Equal Rules for International Development

This new act changes the rules for securities issued by the International Development Association (part of the World Bank). It grants these bonds the same exemptions from securities laws as those of other multilateral development banks, potentially easing their trading and fundraising for development projects. While citizens won't see direct daily changes, this could impact global financial stability and investments.
Key points
Securities issued by the International Development Association (IDA) will be exempt from certain U.S. securities laws.
This exemption aims to align IDA with other multilateral development banks where the U.S. is a member.
The Securities and Exchange Commission (SEC) will still receive reports from IDA and can suspend the exemption if deemed necessary.
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Additional Information
Print number: 117_HR_8484
Sponsor: Rep. Waters, Maxine [D-CA-43]
Process start date: 2022-07-21
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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

Aligning SEC Regulations for the World Bank’s International Development Association Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8484.

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 2022-07-21.

What are the main provisions?

Key points include:

  • Securities issued by the International Development Association (IDA) will be exempt from certain U.S. securities laws.
  • This exemption aims to align IDA with other multilateral development banks where the U.S. is a member.
  • The Securities and Exchange Commission (SEC) will still receive reports from IDA and can suspend the exemption if deemed necessary.
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. Waters, Maxine [D-CA-43].

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 2025-12-28.

CATEGORIES

Economy Public Investments