Turkey International Financial Institutions Act
USA115th CongressS-3248| Senate
| Updated: 7/26/2018
Bob Corker
Republican Senator
Tennessee
Cosponsors (5)
Foreign Relations Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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 Senate
Read twice and referred to the Committee on Foreign Relations.
Committee on Foreign Relations. Ordered to be reported without amendment favorably.
Committee on Foreign Relations. Reported by Senator Corker without amendment. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 531.
International Affairs
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
Turkey International Financial Institutions Act
USA115th CongressS-3248| Senate
| 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.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Foreign Relations.
Committee on Foreign Relations. Ordered to be reported without amendment favorably.
Committee on Foreign Relations. Reported by Senator Corker without amendment. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 531.
Bob Corker
Republican Senator
Tennessee
Cosponsors (5)
Foreign Relations Committee
International Affairs
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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