0
0
0
Aligning SEC Regulations for the World Bank’s International Development Association Act
1/4/2024, 6:26 PM
Summary of Bill HR 1161
Bill 118 hr 1161, also known as the Aligning SEC Regulations for the World Bank’s International Development Association Act, is a piece of legislation introduced in the US Congress. The purpose of this bill is to align the regulations of the Securities and Exchange Commission (SEC) with the activities of the International Development Association (IDA), which is a part of the World Bank.
The IDA provides financial assistance to the world's poorest countries, helping them to reduce poverty and improve their economic development. However, the current regulations of the SEC may hinder the IDA's ability to carry out its mission effectively. This bill aims to address this issue by ensuring that the SEC regulations are in line with the IDA's activities and goals.
Specifically, the bill seeks to exempt certain securities issued by the IDA from SEC registration requirements. This exemption would allow the IDA to raise funds more efficiently and effectively, enabling it to better support the development efforts of the world's poorest countries. Overall, the Aligning SEC Regulations for the World Bank’s International Development Association Act is a bipartisan effort to support the important work of the IDA and help alleviate poverty in developing countries. It is currently being considered by Congress and has the potential to have a positive impact on global development efforts.
The IDA provides financial assistance to the world's poorest countries, helping them to reduce poverty and improve their economic development. However, the current regulations of the SEC may hinder the IDA's ability to carry out its mission effectively. This bill aims to address this issue by ensuring that the SEC regulations are in line with the IDA's activities and goals.
Specifically, the bill seeks to exempt certain securities issued by the IDA from SEC registration requirements. This exemption would allow the IDA to raise funds more efficiently and effectively, enabling it to better support the development efforts of the world's poorest countries. Overall, the Aligning SEC Regulations for the World Bank’s International Development Association Act is a bipartisan effort to support the important work of the IDA and help alleviate poverty in developing countries. It is currently being considered by Congress and has the potential to have a positive impact on global development efforts.
Congressional Summary of HR 1161
Aligning SEC Regulations for the World Bank's International Development Association Act
This bill exempts from securities regulations any securities issued by the International Development Association of the World Bank. The association provides loans and grants to developing countries. The Securities and Exchange Commission may suspend this exemption at any time.
Read the Full Bill
Current Status of Bill HR 1161
Bill HR 1161 is currently in the status of Bill Introduced since February 24, 2023. Bill HR 1161 was introduced during Congress 118 and was introduced to the House on February 24, 2023. Bill HR 1161's most recent activity was Placed on the Union Calendar, Calendar No. 233. as of December 1, 2023
Bipartisan Support of Bill HR 1161
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 1161
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Banking and financial institutions regulation
- Multilateral development programs
- Securities
- Securities and Exchange Commission (SEC)
Alternate Title(s) of Bill HR 1161
Aligning SEC Regulations for the World Bank’s International Development Association Act
Aligning SEC Regulations for the World Bank’s International Development Association Act
Aligning SEC Regulations for the World Bank’s International Development Association Act
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.
Comments
Sponsors and Cosponsors of HR 1161
Latest Bills
TRAPS Act
Bill HR 4936September 18, 2026
Apples to Apples Comparison Act of 2025
Bill HR 4093September 18, 2026
American Lending Fairness Act of 2026
Bill HR 7866September 18, 2026
Civil Investigative Demand Reform Act of 2025
Bill HR 1653September 18, 2026
American Reserve Modernization Act of 2026
Bill HR 8957September 18, 2026
Preventive Health Savings Act
Bill HR 4464September 18, 2026
PEARL Act
Bill HR 9327September 18, 2026
Medically Tailored Home-Delivered Meals Program Pilot Act
Bill HR 5439September 18, 2026
To designate the facility of the United States Postal Service located at 117 West Lovett Street in Charlotte, Michigan, as the "Francis C. Flaherty Post Office Building".
Bill HR 9570September 18, 2026
To designate the facility of the United States Postal Service located at 1019 Avenue H in Fort Madison, Iowa, as the "Martin L. Graber Post Office".
Bill HR 4707September 18, 2026
