Legis Daily

International Financial Institutions Governance Act of 2023

USA118th CongressHR-557| House 
| Updated: 1/26/2023
J. French Hill

J. French Hill

Republican Representative

Arkansas

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
International Financial Institutions Governance Act of 2023 This bill temporarily authorizes the Department of the Treasury to waive, on a case-by-case basis, statutory requirements 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. Treasury must periodically issue a report that (1) lists each waiver issued since the previous report, if any; (2) describes the project or policy that each waiver applied to; (3) provides a detailed explanation of the reasons for each waiver; and (4) includes a determination that each waiver allowed Treasury to more effectively advance U.S. interests at the institution involved. Treasury must review existing statutory requirements and submit any recommendations to revise or sunset the requirements with the objectives of strengthening U.S. leadership, facilitating multilateral cooperation, reflecting changing conditions, and advancing the U.S. national interest.
View Full Text

Suggested Questions

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

Timeline
Jan 26, 2023
Introduced in House
Jan 26, 2023
Referred to the House Committee on Financial Services.
  • January 26, 2023
    Introduced in House


  • January 26, 2023
    Referred to the House Committee on Financial Services.

International Affairs

International Financial Institutions Governance Act of 2023

USA118th CongressHR-557| House 
| Updated: 1/26/2023
International Financial Institutions Governance Act of 2023 This bill temporarily authorizes the Department of the Treasury to waive, on a case-by-case basis, statutory requirements 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. Treasury must periodically issue a report that (1) lists each waiver issued since the previous report, if any; (2) describes the project or policy that each waiver applied to; (3) provides a detailed explanation of the reasons for each waiver; and (4) includes a determination that each waiver allowed Treasury to more effectively advance U.S. interests at the institution involved. Treasury must review existing statutory requirements and submit any recommendations to revise or sunset the requirements with the objectives of strengthening U.S. leadership, facilitating multilateral cooperation, reflecting changing conditions, and advancing the U.S. national interest.
View Full Text

Suggested Questions

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

Timeline
Jan 26, 2023
Introduced in House
Jan 26, 2023
Referred to the House Committee on Financial Services.
  • January 26, 2023
    Introduced in House


  • January 26, 2023
    Referred to the House Committee on Financial Services.
J. French Hill

J. French Hill

Republican Representative

Arkansas

Financial Services Committee

International Affairs

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