Search Results for keywords:"special drawing rights"

Search Results: keywords:"special drawing rights"

H. R. 6322 — To evaluate and disrupt financing to Hamas, and to amend title 31, United States Code, to prohibit the exchange stabilization fund from being used to deal in Special Drawing Rights from state sponsors of terrorism, and for other purposes.
December 12, 2024
Status:Reported in House
Congress:118
Words:905
H.R. 6322 is aimed at assessing and disrupting the financial activities that support Hamas and preventing the use of U.S. financial resources to aid state sponsors of terrorism. The bill requires the Secretary of the Treasury to deliver a report analyzing the main sources of...
Simple Explanation
H.R. 6322 wants to stop money from reaching bad guys who might hurt others, like a group named Hamas. It makes plans to see where this money is coming from and how to block it, so the bad guys can't use it to do bad things.
H. R. 510 — An Act To require the United States Governor of, and the United States Executive Director at, the International Monetary Fund to oppose an increase in the weight of the Chinese renminbi in the Special Drawing Rights basket of the Fund, and for other purposes.
September 10, 2024
Status:Referred in Senate
Congress:118
Words:424
H.R. 510 is a bill requiring the United States representatives at the International Monetary Fund (IMF) to oppose any increase in the weight of the Chinese renminbi in the IMF's Special Drawing Rights basket. This opposition will remain unless the U.S. Treasury can certify...
Simple Explanation
H.R. 510 is a proposed rule that would tell the United States to say "no" if the International Monetary Fund wants to give China’s money, called the renminbi, more importance in a special money group, unless China behaves responsibly with its money. This rule would last for ten years.
H. R. 5921 — An Act To prohibit the Secretary of the Treasury from authorizing certain transactions by a United States financial institution in connection with Iran, to prevent the International Monetary Fund from providing financial assistance to Iran, to codify prohibitions on Export-Import Bank financing for the Government of Iran, and for other purposes.
April 15, 2024
Status:Engrossed in House
Congress:118
Words:618
H. R. 5921, also known as the "No U.S. Financing for Iran Act of 2023," aims to limit financial transactions between the U.S. and Iran. This bill prohibits the Secretary of the Treasury from authorizing U.S. financial institutions to conduct transactions involving goods,...
Simple Explanation
The bill wants to stop U.S. banks from doing business with Iran, except to help people in need, and won’t let other groups give Iran money unless Iran stops doing bad things.
H. R. 510 — An Act To require the United States Governor of, and the United States Executive Director at, the International Monetary Fund to oppose an increase in the weight of the Chinese renminbi in the Special Drawing Rights basket of the Fund, and for other purposes.
September 09, 2024
Status:Engrossed in House
Congress:118
Words:459
H.R. 510, titled the “Chinese Currency Accountability Act of 2023,” calls for the United States' representatives at the International Monetary Fund (IMF) to oppose any increase in the weight of the Chinese renminbi within the IMF's Special Drawing Rights basket. The bill...
Simple Explanation
The bill wants the people in charge for the US at a big money club called the International Monetary Fund to say "no" to giving China's money more importance unless China follows some important rules and doesn't change the value of its money unfairly. This rule will stop being a rule after 10 years.
H. R. 6840 — To prohibit the Secretary of the Treasury from engaging in transactions involving the exchange of Special Drawing Rights issued by the International Monetary Fund that are held by the Islamic Republic of Iran, and for other purposes.
December 15, 2023
Status:Introduced in House
Congress:118
Words:326
H.R. 6840 is a bill that aims to stop the U.S. Secretary of the Treasury from participating in exchanges of Special Drawing Rights (SDRs) held by Iran and issued by the International Monetary Fund (IMF). Additionally, it requires the Secretary of the Treasury to encourage...
Simple Explanation
The bill says that the U.S. Treasury Secretary can't trade a special kind of international money that Iran has, and they must also encourage other countries not to trade it with Iran.
S. 3527 — To prohibit the Secretary of the Treasury from engaging in transactions involving the exchange of Special Drawing Rights issued by the International Monetary Fund that are held by the Islamic Republic of Iran, and for other purposes.
December 14, 2023
Status:Introduced in Senate
Congress:118
Words:332
S. 3527 aims to stop the U.S. Secretary of the Treasury from engaging in any transactions that involve exchanging Special Drawing Rights (SDRs) issued by the International Monetary Fund which are held by Iran. The bill also requires the U.S. to advocate for other countries to...
Simple Explanation
The bill wants to stop the U.S. money boss from swapping a special kind of money, called Special Drawing Rights, with Iran. It also asks the U.S. to encourage other countries to do the same and to say "no" to giving more of this special money to Iran.

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