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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
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 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
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 Plain-English summary Congressional Research Service

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 July 26, 2018

Placed on Senate Legislative Calendar under General Orders. Calendar No. 531.

 Related & companion bills 1
  • HR 6633 Identical bill Turkey International Financial Institutions Act
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 2
R
Lankford, James
Oklahoma · Jul 19, 2018
 D
Shaheen, Jeanne
New Hampshire · Jul 19, 2018
 R
Tillis, Thomas
North Carolina · Jul 19, 2018
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3248: Turkey International Financial Institutions Act. 115th Congress. Open America. https://openamerica.io/bill/115-S-3248/
MLA
"S. 3248: Turkey International Financial Institutions Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-3248/.
Bluebook (legal)
S. 3248, 115th Cong. (2026), https://openamerica.io/bill/115-S-3248/.
Markdown link
[S. 3248: Turkey International Financial Institutions Act](https://openamerica.io/bill/115-S-3248/)
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