No Dollars for Dictators Act of 2021
- Last Action
- 6/17/2021
Actions
- 2021-06-17Read twice and referred to the Committee on Foreign Relations.
- 2021-06-17Introduced in Senate
CRS Summary
As of 2021-06-17 (00)
No Dollars for Dictators Act of 2021
This bill imposes additional restrictions on the U.S. government's authority to vote on Special Drawing Rights (SDR) allocations at the International Monetary Fund (IMF).
(The SDR is an international reserve asset maintained by the IMF based on contributions from IMF member countries. SDRs may be exchanged between member countries and may also be exchanged for currencies.)
Specifically, U.S. representatives to the IMF may not vote for SDR allocations to a country if the President finds that the country's government has (1) committed genocide in the last 10 years, or (2) repeatedly supported international terrorism.
Cosponsors (1)
- Rick Scott (R-FL)
Subjects
- Congressional oversight
- International monetary system and foreign exchange
- International organizations and cooperation
- Terrorism
- War crimes, genocide, crimes against humanity
Sourced from Congress.gov (public domain).
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