No Argentina Bailout Act

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.