A resolution calling for the immediate release of Trevor Reed, a United States citizen who was unjustly found guilty and sentenced to 9 years in a Russian prison.
- Last Action
- 7/22/2021
Actions
- 2021-01-27Read twice and referred to the Committee on Foreign Relations. (text: CR S177-178)
- 2021-01-27Introduced in Senate
CRS Summary
As of 2021-01-27 (00)
Support for Global Financial Institution Pandemic Response Act of 2021
This bill requires each U.S. Executive Director at an international financial institution to take certain actions in support of the global response to COVID-19 (i.e., coronavirus disease 2019).
Specifically, each U.S. Executive Director at an international financial institution (e.g., the International Bank for Reconstruction and Development or the International Finance Corporation) must
- seek the suspension of debt service payments to the institution and the relaxation of fiscal targets for certain programs,
- oppose programs or loan agreements that would reduce countries' health care spending or other spending related to their responses to COVID-19, and
- require approval of all Special Drawing Rights (a currency support tool) allocation transfers from wealthier member countries to countries that are emerging or developing to ensure the allocations are used for the public good and in response to the global pandemic.
Further, the U.S. Executive Director at the International Monetary Fund must support the issuance of Special Drawing Rights so that governments may access additional resources to finance their responses to COVID-19.
Cosponsors (7)
- Bernard Sanders (I-VT)
- John Reed (D-RI)
- Ben Cardin (D-MD)
- Jeff Merkley (D-OR)
- Patrick Leahy (D-VT)
- Ron Wyden (D-OR)
- Alex Padilla (D-CA)
Subjects
- Budget deficits and national debt
- Cardiovascular and respiratory health
- Congressional oversight
- Debt collection
- Diplomacy, foreign officials, Americans abroad
- Economic development
- Economic performance and conditions
- Emergency medical services and trauma care
- Foreign aid and international relief
- Foreign loans and debt
- Health programs administration and funding
- Infectious and parasitic diseases
- International monetary system and foreign exchange
- International organizations and cooperation
- Multilateral development programs
- World health
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.