No Dollars for Dictators Act of 2023
- Last Action
- 10/17/2023
Actions
- 2023-10-17Read twice and referred to the Committee on Foreign Relations.
- 2023-10-17Introduced in Senate
CRS Summary
As of 2023-10-17 (00)
No Dollars for Dictators Act of 2023
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 (7)
- Deb Fischer (R-NE)
- Bill Hagerty (R-TN)
- Mike Braun (R-IN)
- Chuck Grassley (R-IA)
- Rick Scott (R-FL)
- John Barrasso (R-WY)
- Roger Marshall (R-KS)
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.