S 3248
115th Congress
Senate
International Affairs
Asia
Congressional oversight
Detention of persons
Diplomacy, foreign officials, Americans abroad
Energy storage, supplies, demand
Europe
Foreign loans and debt
Human rights
International organizations and cooperation
Iran
Middle East
Multilateral development programs
Oil and gas
Russia
Travel and tourism
Turkey
Turkey International Financial Institutions Act
Introduced: July 19, 2018
See on congress.gov
Everywhere this bill has been
5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 26, 2018
Placed on Senate Legislative Calendar under General Orders. Calendar No. 531.
Jul 26, 2018
Committee on Foreign Relations. Reported by Senator Corker without amendment. Without written report.
Jul 26, 2018
Committee on Foreign Relations. Ordered to be reported without amendment favorably.
Jul 19, 2018
Read twice and referred to the Committee on Foreign Relations.
Jul 19, 2018
Introduced in Senate
Plain-English summary
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's happening now
Placed on Senate Legislative Calendar under General Orders. Calendar No. 531.
Committees of jurisdiction
1