HOUSE 1513117th CongressReferred to the House Committee on Financial Services.

Special Drawing Rights Oversight Act

Last Action: 3/2/2021

Actions

2021-03-02Referred to the House Committee on Financial Services.
2021-03-02Introduced in House
2021-03-02Introduced in House

CRS Summary

As of 2021-03-02 (00)

Special Drawing Rights Oversight Act

This bill requires congressional approval for a vote to allocate any Special Drawing Rights (a currency support tool available to members of the International Monetary Fund). Currently, congressional approval is required only for allocations that exceed a specified amount.

Subjects

Congressional oversight
International monetary system and foreign exchange
International organizations and cooperation
Multilateral development programs

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