Robust International Response to Pandemic Act
United States116th CongressHR-6581House of Representatives
Updated: Apr 21, 2020
Summary
Robust International Response to Pandemic Act This bill requires each U.S. Executive Director at an international financial institution to take certain actions in support of the global response to COVID-19 (i.e., coronavirus disease 2019). Specifically, each U.S. Executive Director at an international financial institution (e.g., the International Bank for Reconstruction and Development or the International Finance Corporation) must (1) seek the suspension of debt service payments to the institution and the relaxation of fiscal targets for certain programs, and (2) oppose programs or loan agreements that would reduce countries' health care spending or other spending related to their responses to COVID-19. Further, the U.S. Executive Director at the International Monetary Fund must support the issuance of Special Drawing Rights (a currency support tool) so that governments may access additional resources to finance their responses to COVID-19.
Bill texts
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Timeline
Sponsor introductory remarks on measure. (CR E376)
Introduced in House
Referred to the House Committee on Financial Services.
House of Representatives
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