No Dollars for Dictators Act of 2021

Senate Bill 2109 - No Dollars for Dictators Act of 2021: Overview, Status, and Impact

Hozzl · 2022-12-30T13:03:11Z

Explore the details of Senate Bill 2109 No Dollars for Dictators Act of 2021 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on International Affairs. Stay informed on legislative developments.

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

Formatted Text PDF Formatted XML

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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 2109

Primary Policy Focus

International Affairs

Potential 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