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Support for Global COVID-19 Pandemic Response through Financial Institutions.

This act aims to support global efforts against the COVID-19 pandemic. Citizens may experience indirect benefits as the act intends to help countries finance healthcare and other pandemic-related activities, potentially leading to better service availability and global economic stability.
Key points
Suspension of debt payments and relaxation of financial targets for pandemic-affected countries to focus on COVID-19 response.
Opposition to measures that would reduce healthcare spending in countries in need.
Support for the issuance of additional financial resources (Special Drawing Rights) by the International Monetary Fund to provide governments with more resources for pandemic response.
Requirement for transparency in the use of transferred funds to ensure their allocation for public good and pandemic response.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_67
Sponsor: Sen. Durbin, Richard J. [D-IL]
Process start date: 2021-01-27
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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

Support for Global Financial Institution Pandemic Response Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_67.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-01-27.

What are the main provisions?

Key points include:

  • Suspension of debt payments and relaxation of financial targets for pandemic-affected countries to focus on COVID-19 response.
  • Opposition to measures that would reduce healthcare spending in countries in need.
  • Support for the issuance of additional financial resources (Special Drawing Rights) by the International Monetary Fund to provide governments with more resources for pandemic response.
  • Requirement for transparency in the use of transferred funds to ensure their allocation for public good and pandemic response.
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 Sen. Durbin, Richard J. [D-IL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Health Economy Public Investments