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No Dollars for Dictators Act of 2025
4/11/2025, 2:23 AM
Summary of Bill S 1153
Bill 119 s 1153, also known as the "Prohibition of Special Drawing Rights for Genocide and Terrorism Act," aims to prevent the International Monetary Fund (IMF) from providing Special Drawing Rights (SDRs) to countries that are known perpetrators of genocide or state sponsors of terrorism without first obtaining authorization from the US Congress.
The bill specifically targets countries that have been identified as engaging in acts of genocide or supporting terrorist activities. By prohibiting the allocation of SDRs to these countries without congressional approval, the bill seeks to hold these nations accountable for their actions and prevent them from receiving financial support from the IMF.
The bill highlights the importance of ensuring that US taxpayer dollars are not used to support countries that are responsible for heinous crimes against humanity or that actively support terrorist organizations. By requiring congressional authorization for the allocation of SDRs to these countries, the bill aims to increase transparency and oversight in the distribution of IMF funds. Overall, Bill 119 s 1153 seeks to promote accountability and prevent the misuse of IMF resources by countries that engage in genocide or support terrorism. It underscores the importance of upholding human rights and combating terrorism on a global scale.
The bill specifically targets countries that have been identified as engaging in acts of genocide or supporting terrorist activities. By prohibiting the allocation of SDRs to these countries without congressional approval, the bill seeks to hold these nations accountable for their actions and prevent them from receiving financial support from the IMF.
The bill highlights the importance of ensuring that US taxpayer dollars are not used to support countries that are responsible for heinous crimes against humanity or that actively support terrorist organizations. By requiring congressional authorization for the allocation of SDRs to these countries, the bill aims to increase transparency and oversight in the distribution of IMF funds. Overall, Bill 119 s 1153 seeks to promote accountability and prevent the misuse of IMF resources by countries that engage in genocide or support terrorism. It underscores the importance of upholding human rights and combating terrorism on a global scale.
Read the Full Bill
Current Status of Bill S 1153
Bill S 1153 is currently in the status of Bill Introduced since March 26, 2025. Bill S 1153 was introduced during Congress 119 and was introduced to the Senate on March 26, 2025. Bill S 1153's most recent activity was Read twice and referred to the Committee on Foreign Relations. as of March 26, 2025
Bipartisan Support of Bill S 1153
Total Number of Sponsors
3Democrat Sponsors
0Republican Sponsors
3Unaffiliated Sponsors
0Total Number of Cosponsors
5Democrat Cosponsors
0Republican Cosponsors
5Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1153
Primary Policy Focus
Alternate Title(s) of Bill S 1153
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.
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.
Comments
Sponsors and Cosponsors of S 1153
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