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Robust International Response to Pandemic Act

USA117th CongressHR-986| House 
| Updated: 2/11/2021
Jesús G. "Chuy" García

Jesús G. "Chuy" García

Democratic Representative

Illinois

Cosponsors (21)
Jared Huffman (Democratic)Raúl M. Grijalva (Democratic)Mark Pocan (Democratic)Karen Bass (Democratic)David N. Cicilline (Democratic)Ilhan Omar (Democratic)Andy Levin (Democratic)Steve Cohen (Democratic)Adriano Espaillat (Democratic)Ro Khanna (Democratic)Alan S. Lowenthal (Democratic)Henry C. "Hank" Johnson (Democratic)Joaquin Castro (Democratic)Stephen F. Lynch (Democratic)Mark Takano (Democratic)Pramila Jayapal (Democratic)Jamie Raskin (Democratic)Janice D. Schakowsky (Democratic)James P. McGovern (Democratic)Mike Thompson (Democratic)Ayanna Pressley (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Robust International Response to Pandemic Act This bill requires the Department of the Treasury and 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 seek the suspension of debt service payments to the institution and the relaxation of fiscal targets for certain programs, oppose programs or loan agreements that would reduce countries' health care spending or other spending related to their responses to COVID-19, and require approval of all Special Drawing Rights (a currency support tool) allocation transfers from wealthier member countries to countries that are emerging or developing to ensure the allocations are used for the public good and in response to the global pandemic. Further, the U.S. Governor at the International Monetary Fund (IMF) must advocate for the issuance of Special Drawing Rights so that governments may access additional resources to finance their responses to COVID-19. Of these Special Drawing Rights allocated to the United States, Treasury must lend a specified amount to the Poverty Reduction and Growth Trust or other special purpose vehicle of the IMF to help eligible low-income countries respond to COVID-19. Treasury must also advocate for an extension of the current moratorium on debt service payments to official bilateral creditors by the world's poorest countries.
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Timeline

Bill from Previous Congress

HR 116-6581
Robust International Response to Pandemic Act
Feb 11, 2021
Introduced in House
Feb 11, 2021
Referred to the House Committee on Financial Services.
Feb 11, 2021
Sponsor introductory remarks on measure. (CR E130)
  • Bill from Previous Congress

    HR 116-6581
    Robust International Response to Pandemic Act


  • February 11, 2021
    Introduced in House


  • February 11, 2021
    Referred to the House Committee on Financial Services.


  • February 11, 2021
    Sponsor introductory remarks on measure. (CR E130)

International Affairs

Advisory bodiesCardiovascular and respiratory healthCongressional oversightEmergency medical services and trauma careForeign loans and debtHealth programs administration and fundingHealth promotion and preventive careInfectious and parasitic diseasesInternational monetary system and foreign exchangeInternational organizations and cooperationMultilateral development programsRule of law and government transparencyWorld health

Robust International Response to Pandemic Act

USA117th CongressHR-986| House 
| Updated: 2/11/2021
Robust International Response to Pandemic Act This bill requires the Department of the Treasury and 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 seek the suspension of debt service payments to the institution and the relaxation of fiscal targets for certain programs, oppose programs or loan agreements that would reduce countries' health care spending or other spending related to their responses to COVID-19, and require approval of all Special Drawing Rights (a currency support tool) allocation transfers from wealthier member countries to countries that are emerging or developing to ensure the allocations are used for the public good and in response to the global pandemic. Further, the U.S. Governor at the International Monetary Fund (IMF) must advocate for the issuance of Special Drawing Rights so that governments may access additional resources to finance their responses to COVID-19. Of these Special Drawing Rights allocated to the United States, Treasury must lend a specified amount to the Poverty Reduction and Growth Trust or other special purpose vehicle of the IMF to help eligible low-income countries respond to COVID-19. Treasury must also advocate for an extension of the current moratorium on debt service payments to official bilateral creditors by the world's poorest countries.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-6581
Robust International Response to Pandemic Act
Feb 11, 2021
Introduced in House
Feb 11, 2021
Referred to the House Committee on Financial Services.
Feb 11, 2021
Sponsor introductory remarks on measure. (CR E130)
  • Bill from Previous Congress

    HR 116-6581
    Robust International Response to Pandemic Act


  • February 11, 2021
    Introduced in House


  • February 11, 2021
    Referred to the House Committee on Financial Services.


  • February 11, 2021
    Sponsor introductory remarks on measure. (CR E130)
Jesús G. "Chuy" García

Jesús G. "Chuy" García

Democratic Representative

Illinois

Cosponsors (21)
Jared Huffman (Democratic)Raúl M. Grijalva (Democratic)Mark Pocan (Democratic)Karen Bass (Democratic)David N. Cicilline (Democratic)Ilhan Omar (Democratic)Andy Levin (Democratic)Steve Cohen (Democratic)Adriano Espaillat (Democratic)Ro Khanna (Democratic)Alan S. Lowenthal (Democratic)Henry C. "Hank" Johnson (Democratic)Joaquin Castro (Democratic)Stephen F. Lynch (Democratic)Mark Takano (Democratic)Pramila Jayapal (Democratic)Jamie Raskin (Democratic)Janice D. Schakowsky (Democratic)James P. McGovern (Democratic)Mike Thompson (Democratic)Ayanna Pressley (Democratic)

Financial Services Committee

International Affairs

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Advisory bodiesCardiovascular and respiratory healthCongressional oversightEmergency medical services and trauma careForeign loans and debtHealth programs administration and fundingHealth promotion and preventive careInfectious and parasitic diseasesInternational monetary system and foreign exchangeInternational organizations and cooperationMultilateral development programsRule of law and government transparencyWorld health