No Dollars for Dictators Act of 2023

United States118th CongressS-3057Senate
Updated: Oct 17, 2023

Summary

No Dollars for Dictators Act of 2023 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.

Bill texts

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Introduced (Senate)View official text

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Timeline

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Foreign Relations.

    Senate

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