CEMAC Act

Hozzl · 2025-04-04T05:08:24Z

Explore the details of House Bill 2325 CEMAC Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

4/4/2025, 5:08 AM

Summary of Bill HR 2325

Bill 119 HR 2325, also known as the "Central African Economic Monetary Community Foreign Exchange Reserves Determination Act," aims to withhold United States support for any action in the International Monetary Fund (IMF) that involves member states of the Central African Economic Monetary Community (CEMAC) until a determination is made regarding their gross foreign exchange reserves.

The CEMAC is a regional economic and monetary union consisting of six Central African countries: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon. The bill seeks to ensure transparency and accountability in the IMF's decision-making process by requiring a thorough assessment of the foreign exchange reserves held by CEMAC member states before any US support is provided.

By withholding support until the gross foreign exchange reserves of CEMAC member states are determined, the bill aims to prevent any potential misuse or mismanagement of funds within the IMF that could negatively impact the economic stability of the region. This legislation highlights the importance of responsible financial practices and oversight in international financial institutions to promote economic growth and development in Central Africa. Overall, Bill 119 HR 2325 serves as a mechanism to safeguard US support for the IMF and ensure that decisions regarding member states of the CEMAC are made with full knowledge of their foreign exchange reserves. It underscores the need for transparency and accountability in international financial institutions to promote economic stability and prosperity in the Central African region.

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Current Status of Bill HR 2325

Bill HR 2325 is currently in the status of Bill Introduced since March 25, 2025. Bill HR 2325 was introduced during Congress 119 and was introduced to the House on March 25, 2025. Bill HR 2325's most recent activity was Referred to the House Committee on Financial Services. as of March 25, 2025

Bipartisan Support of Bill HR 2325

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Policy Area and Potential Impact of Bill HR 2325

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Alternate Title(s) of Bill HR 2325

To withhold United States support for any action in the International Monetary Fund relating to member states of the Central African Economic Monetary Community until a determination as to gross foreign exchange reserves is made.To withhold United States support for any action in the International Monetary Fund relating to member states of the Central African Economic Monetary Community until a determination as to gross foreign exchange reserves is made.

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