Aligning SEC Regulations for the World Bank’s International Development Association Act

Hozzl · 2025-03-22T08:06:10Z

Explore the details of House Bill 1764 Aligning SEC Regulations for the World Bank’s International Development Association Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

3/22/2025, 8:06 AM

Summary of Bill HR 1764

Bill 119 hr 1764, also known as the International Development Association Securities Act, aims to provide the International Development Association (IDA) with the same exemption from US securities laws that other multilateral development banks receive. The IDA is a part of the World Bank Group and provides financial assistance to the world's poorest countries.

The bill seeks to ensure that the IDA can issue securities in the US market without being subject to the same regulations and requirements as other financial institutions. This exemption is intended to facilitate the IDA's ability to raise funds and support its mission of reducing poverty and promoting sustainable development in developing countries.

By granting the IDA this exemption, the US government is demonstrating its support for international development efforts and recognizing the importance of multilateral cooperation in addressing global challenges. The bill has bipartisan support in Congress and is expected to pass with little opposition. Overall, the International Development Association Securities Act is a straightforward piece of legislation that aims to streamline the IDA's operations and enable it to more effectively carry out its mission of promoting economic growth and poverty reduction in the world's poorest countries.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 1764

Bill HR 1764 is currently in the status of Bill Introduced since March 3, 2025. Bill HR 1764 was introduced during Congress 119 and was introduced to the House on March 3, 2025. Bill HR 1764's most recent activity was Placed on the Union Calendar, Calendar No. 15. as of March 21, 2025

Bipartisan Support of Bill HR 1764

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 HR 1764

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 1764

To accord securities issued by the International Development Association the same exemption from the securities laws that applies to the securities of other multilateral development banks in which the United States is a member.To accord securities issued by the International Development Association the same exemption from the securities laws that applies to the securities of other multilateral development banks in which the United States is a member.

Start holding our government accountable!

Comments

Sponsors and Cosponsors of HR 1764

Maxine Waters

California(Democrat)

Latest Bills

Woman on the Twenty Act of 2025

Bill HR 1976March 27, 2025

Town of North Topsail Beach Coastal Barrier Resources System Map Amendment Act of 2025

Bill HR 1885March 27, 2025