No Dollars for Dictators Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jun 17, 2021)
No Dollars for Dictators Act of 2021
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.
What just happenedJun 17, 2021
Read twice and referred to the Committee on Foreign Relations.
Who’s behind it
- Introduced in SenateJun 17, 2021
- Jun 17, 2021IntroReferral
Read twice and referred to the Committee on Foreign Relations.
Foreign Relations Committee - Jun 17, 2021IntroReferral10000
Introduced in Senate