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No Argentina Bailout Act

USA119th CongressS-2965| Senate 
| Updated: 10/1/2025
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (19)
Mazie K. Hirono (Democratic)Angela D. Alsobrooks (Democratic)Tammy Duckworth (Democratic)Ruben Gallego (Democratic)Adam B. Schiff (Democratic)Catherine Cortez Masto (Democratic)Charles E. Schumer (Democratic)Jack Reed (Democratic)Tim Kaine (Democratic)Jacky Rosen (Democratic)Chris Van Hollen (Democratic)Martin Heinrich (Democratic)Tina Smith (Democratic)Bernard Sanders (Independent)Brian Schatz (Democratic)Andy Kim (Democratic)Cory A. Booker (Democratic)Peter Welch (Democratic)Raphael G. Warnock (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill, titled the "No Argentina Bailout Act," seeks to prevent the Department of the Treasury's Exchange Stabilization Fund (ESF) from being used to provide financial support to Argentina's financial markets. The legislation explicitly prohibits the ESF from engaging in direct or indirect financial assistance, such as establishing currency swap lines, purchasing pesos or sovereign debt of Argentina, or extending any credit instruments. This measure reflects a congressional concern that the ESF should prioritize defending United States financial interests and stability rather than bailing out foreign markets. Furthermore, the bill mandates that any financial contracts or instruments entered into before its enactment that violate this prohibition must be sold or terminated within seven days. The prohibition on financial support to Argentina is set to terminate on December 10, 2027 , with the "Sense of Congress" section highlighting domestic struggles and concerns over a reported $20 billion bailout for Argentina.
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Timeline
Oct 1, 2025
Introduced in Senate
Oct 1, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • October 1, 2025
    Introduced in Senate


  • October 1, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

No Argentina Bailout Act

USA119th CongressS-2965| Senate 
| Updated: 10/1/2025
This bill, titled the "No Argentina Bailout Act," seeks to prevent the Department of the Treasury's Exchange Stabilization Fund (ESF) from being used to provide financial support to Argentina's financial markets. The legislation explicitly prohibits the ESF from engaging in direct or indirect financial assistance, such as establishing currency swap lines, purchasing pesos or sovereign debt of Argentina, or extending any credit instruments. This measure reflects a congressional concern that the ESF should prioritize defending United States financial interests and stability rather than bailing out foreign markets. Furthermore, the bill mandates that any financial contracts or instruments entered into before its enactment that violate this prohibition must be sold or terminated within seven days. The prohibition on financial support to Argentina is set to terminate on December 10, 2027 , with the "Sense of Congress" section highlighting domestic struggles and concerns over a reported $20 billion bailout for Argentina.
View Full Text

Suggested Questions

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

Timeline
Oct 1, 2025
Introduced in Senate
Oct 1, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • October 1, 2025
    Introduced in Senate


  • October 1, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (19)
Mazie K. Hirono (Democratic)Angela D. Alsobrooks (Democratic)Tammy Duckworth (Democratic)Ruben Gallego (Democratic)Adam B. Schiff (Democratic)Catherine Cortez Masto (Democratic)Charles E. Schumer (Democratic)Jack Reed (Democratic)Tim Kaine (Democratic)Jacky Rosen (Democratic)Chris Van Hollen (Democratic)Martin Heinrich (Democratic)Tina Smith (Democratic)Bernard Sanders (Independent)Brian Schatz (Democratic)Andy Kim (Democratic)Cory A. Booker (Democratic)Peter Welch (Democratic)Raphael G. Warnock (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted