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S 3527 118th Congress Senate International Affairs

Iran SDR Exchange Prohibition Act of 2023

Introduced: December 14, 2023 Introduced by: Scott, Rick Republican · Florida See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 14, 2023
Read twice and referred to the Committee on Foreign Relations.
Dec 14, 2023
Introduced in Senate
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 Plain-English summary Congressional Research Service

Iran SDR Exchange Prohibition Act of 2023

This bill prohibits the Department of the Treasury from engaging in transactions involving Special Drawing Rights (SDR) issued by the International Monetary Fund (IMF) and held by Iran. (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.)

Treasury must (1) vigorously advocate that each member of the IMF prohibit transactions of SDRs held by Iran, and (2) direct U.S. representatives to the IMF to use the voice and vote of the United States to oppose any SDR allocation to Iran.

What's happening now December 14, 2023

Read twice and referred to the Committee on Foreign Relations.

 Related & companion bills 1
  • HR 6840 Identical bill Iran SDR Exchange Prohibition Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3527: Iran SDR Exchange Prohibition Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-S-3527/
MLA
"S. 3527: Iran SDR Exchange Prohibition Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-3527/.
Bluebook (legal)
S. 3527, 118th Cong. (2026), https://openamerica.io/bill/118-S-3527/.
Markdown link
[S. 3527: Iran SDR Exchange Prohibition Act of 2023](https://openamerica.io/bill/118-S-3527/)
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