No Argentina Bailout Act
- Last Action
- 10/1/2025
Actions
- 2025-10-01Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2025-10-01Introduced in Senate
CRS Summary
As of 2025-10-01 (00)
No Argentina Bailout Act
This bill prohibits the use of the Exchange Stabilization Fund (ESF) to provide financial support to Argentina. (The ESF is an emergency reserve fund of the Department of the Treasury originally used for the purpose of maintaining the fixed dollar exchange rate. In October 2025, Treasury announced U.S. financial support for Argentina, including a $20 billion currency swap line financed through the ESF.)
Specifically, the bill prohibits the use of the ESF to provide direct or indirect financial support to Argentina, including through the establishment of currency swap lines, the purchase of pesos or sovereign debt of Argentina, or the extension of any credit instrument. This prohibition terminates on December 10, 2027.
Any financial contract or instrument that was entered into before the bill's enactment and violates the prohibition must be sold or terminated within seven days of the bill's enactment.
Cosponsors (19)
- Timothy Kaine (D-VA)
- Chris Van Hollen (D-MD)
- Cory Booker (D-NJ)
- Tina Smith (D-MN)
- Ruben Gallego (D-AZ)
- Bernie Sanders (I-VT)
- Peter Welch (D-VT)
- Mazie Hirono (D-HI)
- Brian Schatz (D-HI)
- Charles Schumer (D-NY)
- Andy Kim (D-NJ)
- John Reed (D-RI)
- Catherine Cortez Masto (D-NV)
- Martin Heinrich (D-NM)
- Angela Alsobrooks (D-MD)
- Jacky Rosen (D-NV)
- Tammy Duckworth (D-IL)
- Adam Schiff (D-CA)
- Raphael Warnock (D-GA)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.