US HB6581 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 33-0)
Status: Introduced on April 21 2020 - 25% progression
Action: 2020-04-21 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Robust International Response to Pandemic Act This bill requires each U.S. Executive Director at an international financial institution to take certain actions in support of the global response to COVID-19 (i.e., coronavirus disease 2019). Specifically, each U.S. Executive Director at an international financial institution (e.g., the International Bank for Reconstruction and Development or the International Finance Corporation) must (1) seek the suspension of debt service payments to the institution and the relaxation of fiscal targets for certain programs, and (2) oppose programs or loan agreements that would reduce countries' health care spending or other spending related to their responses to COVID-19. Further, the U.S. Executive Director at the International Monetary Fund must support the issuance of Special Drawing Rights (a currency support tool) so that governments may access additional resources to finance their responses to COVID-19.

Tracking Information

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Title

Robust International Response to Pandemic Act

Sponsors


History

DateChamberAction
2020-04-21HouseReferred to the House Committee on Financial Services.
2020-04-21HouseSponsor introductory remarks on measure. (CR E376)
2020-04-21HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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