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No Dollars for Dictators Act of 2021
12/30/2022, 1:03 PM
Congressional Summary of S 2109
No Dollars for Dictators Act of 2021
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.
Read the Full Bill
Current Status of Bill S 2109
Bill S 2109 is currently in the status of Bill Introduced since June 17, 2021. Bill S 2109 was introduced during Congress 117 and was introduced to the Senate on June 17, 2021. Bill S 2109's most recent activity was Read twice and referred to the Committee on Foreign Relations. as of June 17, 2021
Bipartisan Support of Bill S 2109
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 2109
Primary Policy Focus
International AffairsPotential Impact Areas
- Congressional oversight
- International monetary system and foreign exchange
- International organizations and cooperation
- Terrorism
- War crimes, genocide, crimes against humanity
Alternate Title(s) of Bill S 2109
No Dollars for Dictators Act of 2021
A bill to prohibit allocations of Special Drawing Rights at the International Monetary Fund for perpetrators of genocide and state sponsors of terrorism without congressional authorization.
No Dollars for Dictators Act of 2021
Comments
Sponsors and Cosponsors of S 2109
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