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Ban on Using US Funds for Argentina Financial Market Bailout.

This bill prohibits the Treasury Department's Exchange Stabilization Fund (ESF) from providing any direct or indirect financial support to Argentina, such as currency swaps or debt purchases. For citizens, this ensures that a major federal fund intended for US financial stability and job protection is not diverted to foreign bailouts. The focus remains on domestic economic needs.
Key points
Prohibits the Exchange Stabilization Fund (ESF) from providing financial support, including currency swaps or credit, to Argentina until December 2027.
The goal is to ensure that US financial resources are focused on defending domestic jobs, wages, and financial stability.
Any existing financial agreements with Argentina that violate this rule must be terminated within seven days of the law's enactment.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2965
Sponsor: Sen. Warren, Elizabeth [D-MA]
Process start date: 2025-10-01
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

No Argentina Bailout Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2965.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-10-01.

What are the main provisions?

Key points include:

  • Prohibits the Exchange Stabilization Fund (ESF) from providing financial support, including currency swaps or credit, to Argentina until December 2027.
  • The goal is to ensure that US financial resources are focused on defending domestic jobs, wages, and financial stability.
  • Any existing financial agreements with Argentina that violate this rule must be terminated within seven days of the law's enactment.
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 Sen. Warren, Elizabeth [D-MA].

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 2025-12-23.

CATEGORIES

Economy