US HB5888 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on February 13 2020 - 25% progression, died in committee
Action: 2020-02-13 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 13 2020 - 25% progression, died in committee
Action: 2020-02-13 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Temporarily authorizes the Department of the Treasury to waive, on a case-by-case basis, statutory mandates that govern the U.S. Executive Directors at international financial institutions with respect to their use of the voice and vote of the United States. For each such waiver, Treasury must issue a report that (1) describes the project or policy to which the waiver would apply, (2) explains the reasons for the waiver, and (3) certifies that the waiver does not undermine the ability of the United States to promote the mandate's policy objectives. Treasury must review existing statutory mandates and submit any recommendations to revise or sunset the mandates with the objectives of strengthening U.S. leadership, facilitating multilateral cooperation, reflecting changing conditions, and advancing the U.S. national interest.
Title
To increase effectiveness in the pursuit of United States interests and multilateral cooperation at the international financial institutions, and for other purposes.
Sponsors
Rep. French Hill [R-AR] | Rep. Denver Riggleman [R-VA] | Rep. Roger Williams [R-TX] |
History
Date | Chamber | Action |
---|---|---|
2020-02-13 | House | Referred to the House Committee on Financial Services. |
2020-02-13 | House | Sponsor introductory remarks on measure. (CR H1113) |
2020-02-13 | House | Introduced in House |
Subjects
Alliances
Congressional oversight
International affairs
International organizations and cooperation
Multilateral development programs
Congressional oversight
International affairs
International organizations and cooperation
Multilateral development programs
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/5888/all-info |
Text | https://www.congress.gov/116/bills/hr5888/BILLS-116hr5888ih.pdf |