Turkey International Financial Institutions Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jul 19, 2018)
Turkey International Financial Institutions Act
This bill requires the Department of the Treasury to:
- oppose the extension by the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development of loans or financial or technical assistance to Turkey or to any entity for a project in Turkey, and
- work with other donor countries to develop a lending policy with Turkey that advances human rights.
Treasury may waive the IFC restriction for projects to diversify Turkey's energy resources and lessen its dependence on Russian or Iranian oil or gas.
Such restrictions:
- shall terminate after the President certifies to Congress that Turkey is no longer arbitrarily detaining or denying freedom of movement to U.S. citizens (including dual citizens) or locally employed staff of the U.S. mission to Turkey, and
- shall not apply to loans or financial or technical assistance for humanitarian purposes.
What just happenedJul 26, 2018
Placed on Senate Legislative Calendar under General Orders. Calendar No. 531.
Who’s behind it
- Reported to SenateJul 26, 2018
- Introduced in SenateJul 19, 2018
- Jul 26, 2018Calendars
Placed on Senate Legislative Calendar under General Orders. Calendar No. 531.
- Jul 26, 2018Committee
Committee on Foreign Relations. Reported by Senator Corker without amendment. Without written report.
Foreign Relations Committee - Jul 26, 2018Committee14000
Committee on Foreign Relations. Reported by Senator Corker without amendment. Without written report.
Foreign Relations Committee - Jul 26, 2018Committee
Committee on Foreign Relations. Ordered to be reported without amendment favorably.
Foreign Relations Committee - Jul 19, 2018IntroReferral
Read twice and referred to the Committee on Foreign Relations.
Foreign Relations Committee - Jul 19, 2018IntroReferral10000
Introduced in Senate