To restrict the provision by international financial institutions of loans and financial and technical assistance to the Government of Turkey, and for other purposes.
Turkey International Financial Institutions Act This bill requires the Department of the Treasury to: oppose the extension by the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development of loans or financial or technical assistance to Turkey or to any entity for a project in Turkey, and work with other donor countries to develop a lending policy with Turkey that advances human rights. Treasury may waive the IFC restriction for projects to diversify Turkey's energy resources and lessen its dependence on Russian or Iranian oil or gas. Such restrictions: shall terminate after the President certifies to Congress that Turkey is no longer arbitrarily detaining or denying freedom of movement to U.S. citizens (including dual citizens) or locally employed staff of the U.S. mission to Turkey, and shall not apply to loans or financial or technical assistance for humanitarian purposes.
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Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
AsiaCongressional oversightDetention of personsDiplomacy, foreign officials, Americans abroadEnergy storage, supplies, demandEuropeForeign loans and debtHuman rightsInternational organizations and cooperationIranMiddle EastMultilateral development programsOil and gasRussiaTravel and tourismTurkey
To restrict the provision by international financial institutions of loans and financial and technical assistance to the Government of Turkey, and for other purposes.
USA115th CongressHR-6633| House
| Updated: 7/26/2018
Turkey International Financial Institutions Act This bill requires the Department of the Treasury to: oppose the extension by the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development of loans or financial or technical assistance to Turkey or to any entity for a project in Turkey, and work with other donor countries to develop a lending policy with Turkey that advances human rights. Treasury may waive the IFC restriction for projects to diversify Turkey's energy resources and lessen its dependence on Russian or Iranian oil or gas. Such restrictions: shall terminate after the President certifies to Congress that Turkey is no longer arbitrarily detaining or denying freedom of movement to U.S. citizens (including dual citizens) or locally employed staff of the U.S. mission to Turkey, and shall not apply to loans or financial or technical assistance for humanitarian purposes.
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
AsiaCongressional oversightDetention of personsDiplomacy, foreign officials, Americans abroadEnergy storage, supplies, demandEuropeForeign loans and debtHuman rightsInternational organizations and cooperationIranMiddle EastMultilateral development programsOil and gasRussiaTravel and tourismTurkey