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Iran SDR Exchange Prohibition Act of 2023

USA118th CongressS-3527| Senate 
| Updated: 12/14/2023
Rick Scott

Rick Scott

Republican Senator

Florida

Cosponsors (1)
Joe Manchin (Independent)

Foreign Relations Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Iran SDR Exchange Prohibition Act of 2023 This bill prohibits the Department of the Treasury from engaging in transactions involving Special Drawing Rights (SDR) issued by the International Monetary Fund (IMF) and held by Iran. (The SDR is an international reserve asset maintained by the IMF based on contributions from IMF member countries. SDRs may be exchanged between member countries and may also be exchanged for currencies.) Treasury must (1) vigorously advocate that each member of the IMF prohibit transactions of SDRs held by Iran, and (2) direct U.S. representatives to the IMF to use the voice and vote of the United States to oppose any SDR allocation to Iran.
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Timeline
Dec 14, 2023
Introduced in Senate
Dec 14, 2023
Read twice and referred to the Committee on Foreign Relations.
Dec 15, 2023

Latest Companion Bill Action

HR 118-6840
Introduced in House
  • December 14, 2023
    Introduced in Senate


  • December 14, 2023
    Read twice and referred to the Committee on Foreign Relations.


  • December 15, 2023

    Latest Companion Bill Action

    HR 118-6840
    Introduced in House

International Affairs

Related Bills

  • HR 118-6840: Iran SDR Exchange Prohibition Act of 2023

Iran SDR Exchange Prohibition Act of 2023

USA118th CongressS-3527| Senate 
| Updated: 12/14/2023
Iran SDR Exchange Prohibition Act of 2023 This bill prohibits the Department of the Treasury from engaging in transactions involving Special Drawing Rights (SDR) issued by the International Monetary Fund (IMF) and held by Iran. (The SDR is an international reserve asset maintained by the IMF based on contributions from IMF member countries. SDRs may be exchanged between member countries and may also be exchanged for currencies.) Treasury must (1) vigorously advocate that each member of the IMF prohibit transactions of SDRs held by Iran, and (2) direct U.S. representatives to the IMF to use the voice and vote of the United States to oppose any SDR allocation to Iran.
View Full Text

Suggested Questions

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

Timeline
Dec 14, 2023
Introduced in Senate
Dec 14, 2023
Read twice and referred to the Committee on Foreign Relations.
Dec 15, 2023

Latest Companion Bill Action

HR 118-6840
Introduced in House
  • December 14, 2023
    Introduced in Senate


  • December 14, 2023
    Read twice and referred to the Committee on Foreign Relations.


  • December 15, 2023

    Latest Companion Bill Action

    HR 118-6840
    Introduced in House
Rick Scott

Rick Scott

Republican Senator

Florida

Cosponsors (1)
Joe Manchin (Independent)

Foreign Relations Committee

International Affairs

Related Bills

  • HR 118-6840: Iran SDR Exchange Prohibition Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted