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HR 3242 105th Congress House

IMF Full Cooperation and Accountability for Taxpayers Act

Official title: To ban the provision of Federal funds to the International Monetary Fund unless a joint resolution is enacted that approves a certification by the Attorney Gen… Show full official titleShow less

Official title: To ban the provision of Federal funds to the International Monetary Fund unless a joint resolution is enacted that approves a certification by the Attorney General and the Secretary of State that all countries eligible to receive IMF funds are cooperating fully with the congressional and Justice Department investigations into the financing of the 1996 presidential election campaign and have disclosed the identity of all commercial entities in the country that would benefit from the provision of the funds.

Introduced: March 24, 1998 See on congress.gov
Foreign Trade and International Finance American economic assistanceCampaign contributorsCampaign fundsCommerce
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CongressCongress and foreign policyCongressional investigationsCongressional oversightCongressional reporting requirementsCrime and Law EnforcementExtraditionFinance and Financial SectorForeign loansFund raisingGovernment Operations and PoliticsGovernment paperworkGovernmental investigationsInternational AffairsInternational agenciesInternational cooperationInternational monetary systemLegislative resolutionsPresidential elections
This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 27, 1998
Referred to the Subcommittee on Domestic and International Monetary Policy.
Feb 12, 1998
Referred to the House Committee on Banking and Financial Services.
Feb 12, 1998
Introduced in House
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 Latest action February 27, 1998

Referred to the Subcommittee on Domestic and International Monetary Policy.

 Plain-English summary Congressional Research Service

IMF Full Cooperation and Accountability for Taxpayers Act - Prohibits any U.S. officer, employee, or agent from providing, directly or indirectly, Federal funds to, or for the benefit of, the International Monetary Fund (IMF) unless the Attorney General and the Secretary of State certify to the Congress, and by joint resolution the Congress has approved such certification, that each country eligible to receive IMF funds: (1) is cooperating fully with the congressional or Justice Department investigation into the financing of the 1996 presidential election campaign; and (2) has disclosed to the Attorney General the identity of any commercial entity within such country that would benefit from the provision of such funds. Requires a report to the Congress 30 days before such certification of all information to be contained in it of which the Attorney General and the Secretary are then aware.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 3242: IMF Full Cooperation and Accountability for Taxpayers Act. 105th Congress. Open America. https://openamerica.io/bill/105-HR-3242/
MLA
"H.R. 3242: IMF Full Cooperation and Accountability for Taxpayers Act." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-3242/.
Bluebook (legal)
H.R. 3242, 105th Cong. (2026), https://openamerica.io/bill/105-HR-3242/.
Markdown link
[H.R. 3242: IMF Full Cooperation and Accountability for Taxpayers Act](https://openamerica.io/bill/105-HR-3242/)
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