H.R. 1764 seeks to give the International Development Association's securities the same exemption from U.S. securities laws that other multilateral development banks' securities receive. This means these securities wouldn't have to follow typical U.S. securities regulations....
Simple Explanation
H.R. 1764 is like a special rule that lets a group called the International Development Association play by different money rules than usual, but there are some safety checks just in case they help countries they shouldn't be helping.