arrow_back Back to App

Strengthening Financial Institutions: Transparency, Human Rights, and Aid for Low-Income Countries

This act aims to improve the operations of international financial institutions like the World Bank and the International Monetary Fund. It focuses on increasing transparency, protecting human rights in projects, and supporting low-income countries, which could impact global economic and social stability.
Key points
Increased Transparency: Financial institutions will need to clearly inform citizens in host countries about project goals and beneficiaries.
Human Rights Protection: Projects funded by development banks must consider human rights, including LGBTQ+ persons, and prevent sexual exploitation.
Support for Low-Income Countries: The act promotes debt relief for low-income and small countries affected by climate disasters, and increases funding for the African Development Fund.
Combating Corruption: New anti-corruption measures will be introduced in loan agreements, including requirements for public disclosure of agreements and investment data.
Congressional Oversight: Withdrawal of funds from international financial institutions will require Congressional consent, increasing oversight of financial decisions.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3224
Sponsor: Rep. Waters, Maxine [D-CA-43]
Process start date: 2025-05-06
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

International Financial Institution Improvements Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3224.

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 2025-05-06.

What are the main provisions?

Key points include:

  • Increased Transparency: Financial institutions will need to clearly inform citizens in host countries about project goals and beneficiaries.
  • Human Rights Protection: Projects funded by development banks must consider human rights, including LGBTQ+ persons, and prevent sexual exploitation.
  • Support for Low-Income Countries: The act promotes debt relief for low-income and small countries affected by climate disasters, and increases funding for the African Development Fund.
  • Combating Corruption: New anti-corruption measures will be introduced in loan agreements, including requirements for public disclosure of agreements and investment data.
  • Congressional Oversight: Withdrawal of funds from international financial institutions will require Congressional consent, increasing oversight of financial decisions.
What is the specific legal status?

The current status is Introduced.

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 2025-12-22.

CATEGORIES

Economy Public Investments Courts and Law