Robust International Response to Pandemic Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Apr 21, 2020)
Robust International Response to Pandemic Act
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 (1) seek the suspension of debt service payments to the institution and the relaxation of fiscal targets for certain programs, and (2) oppose programs or loan agreements that would reduce countries' health care spending or other spending related to their responses to COVID-19. Further, the U.S. Executive Director at the International Monetary Fund must support the issuance of Special Drawing Rights (a currency support tool) so that governments may access additional resources to finance their responses to COVID-19.
What just happenedApr 21, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseApr 21, 2020
- Apr 21, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Apr 21, 2020IntroReferralB00100
Sponsor introductory remarks on measure. (CR E376)
- Apr 21, 2020IntroReferralIntro-H
Introduced in House
- Apr 21, 2020IntroReferral1000
Introduced in House