S 3057
118th Congress
Senate
International Affairs
No Dollars for Dictators Act of 2023
Introduced: October 17, 2023
Introduced by:
Kennedy, John
Republican
· Louisiana
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 17, 2023
Read twice and referred to the Committee on Foreign Relations.
Oct 17, 2023
Introduced in Senate
Plain-English summary
No Dollars for Dictators Act of 2023
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's happening now
Read twice and referred to the Committee on Foreign Relations.
Committees of jurisdiction
1