Legis Daily

No Dollars for Dictators Act of 2021

USA117th CongressS-2109| Senate 
| Updated: 6/17/2021
John Kennedy

John Kennedy

Republican Senator

Louisiana

Cosponsors (1)
Rick Scott (Republican)

Foreign Relations Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

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

Timeline
Jun 17, 2021
Introduced in Senate
Jun 17, 2021
Read twice and referred to the Committee on Foreign Relations.
  • June 17, 2021
    Introduced in Senate


  • June 17, 2021
    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.
View Full Text

Suggested Questions

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

Timeline
Jun 17, 2021
Introduced in Senate
Jun 17, 2021
Read twice and referred to the Committee on Foreign Relations.
  • June 17, 2021
    Introduced in Senate


  • June 17, 2021
    Read twice and referred to the Committee on Foreign Relations.
John Kennedy

John Kennedy

Republican Senator

Louisiana

Cosponsors (1)
Rick Scott (Republican)

Foreign Relations Committee

International Affairs

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Congressional oversightInternational monetary system and foreign exchangeInternational organizations and cooperationTerrorismWar crimes, genocide, crimes against humanity