arrow_back Back to App

Blocking IMF Funds for Genocide Perpetrators and State Sponsors of Terrorism.

This bill prevents the United States from voting to allocate Special Drawing Rights (SDRs) through the International Monetary Fund (IMF) to countries designated as state sponsors of terrorism or those that have committed genocide in the last decade. This measure ensures that US foreign financial policy aligns with national security and human rights goals, requiring explicit Congressional authorization before such funds can be distributed to these regimes. While not directly impacting domestic finances, it strengthens oversight over how US influence is used internationally.
Key points
The US is prohibited from supporting IMF financial allocations (SDRs) to countries involved in genocide or designated as terrorism sponsors.
Congressional approval is now mandatory to override this prohibition, increasing legislative oversight of international financial aid decisions.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_3057
Sponsor: Sen. Kennedy, John [R-LA]
Process start date: 2023-10-17