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World Bank Bonds Simplified: New Rules for Investors.

This act changes the rules for securities issued by the International Development Association (part of the World Bank). It will treat these securities the same as those from other international development banks, potentially making them easier to invest in. Citizens who invest or are considering investments might see these securities more readily available in the market.
Key points
Securities issued by the International Development Association (IDA) will be exempt from certain securities laws, similar to other development banks.
This change aims to standardize regulations and may affect the ease of trading these securities in the market.
The Securities and Exchange Commission (SEC) will still oversee these securities and can suspend the exemption if deemed necessary for investor protection.
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Expired
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Additional Information
Print number: 118_HR_1161
Sponsor: Rep. Waters, Maxine [D-CA-43]
Process start date: 2023-02-24
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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 118_HR_1161.

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 2023-02-24.

What are the main provisions?

Key points include:

  • Securities issued by the International Development Association (IDA) will be exempt from certain securities laws, similar to other development banks.
  • This change aims to standardize regulations and may affect the ease of trading these securities in the market.
  • The Securities and Exchange Commission (SEC) will still oversee these securities and can suspend the exemption if deemed necessary for investor protection.
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: Placed on the Union Calendar, Calendar No. 233.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy