No Dollars for Dictators Act of 2021 This bill imposes additional restrictions on the U.S. government's authority to vote on Special Drawing Rights (SDR) allocations at the International Monetary Fund (IMF). (The SDR is an international reserve asset maintained by the IMF based on contributions from IMF member countries. SDRs may be exchanged between member countries and may also be exchanged for currencies.) Specifically, U.S. representatives to the IMF may not vote for SDR allocations to a country if the President finds that the country's government has (1) committed genocide in the last 10 years, or (2) repeatedly supported international terrorism.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Foreign Relations.
Introduced in Senate
Read twice and referred to the Committee on Foreign Relations.
International Affairs
Congressional oversightInternational monetary system and foreign exchangeInternational organizations and cooperationTerrorismWar crimes, genocide, crimes against humanity
No Dollars for Dictators Act of 2021
USA117th CongressS-2109| Senate
| Updated: 6/17/2021
No Dollars for Dictators Act of 2021 This bill imposes additional restrictions on the U.S. government's authority to vote on Special Drawing Rights (SDR) allocations at the International Monetary Fund (IMF). (The SDR is an international reserve asset maintained by the IMF based on contributions from IMF member countries. SDRs may be exchanged between member countries and may also be exchanged for currencies.) Specifically, U.S. representatives to the IMF may not vote for SDR allocations to a country if the President finds that the country's government has (1) committed genocide in the last 10 years, or (2) repeatedly supported international terrorism.
Congressional oversightInternational monetary system and foreign exchangeInternational organizations and cooperationTerrorismWar crimes, genocide, crimes against humanity