US HB1764

Securities issued or guaranteed by the International Development Association (IDA) would be exempt from registration requirements under the Securities Act of 1933 and Securities Exchange Act of 1934, matching exemptions already granted to other multilateral development banks

IDA must file annual and other reports with the SEC as the Commission deems appropriate given the organization's special character and operations

SEC may suspend the securities exemption at any time, in consultation with the National Advisory Council on International Monetary and Financial Problems, and must report to Congress on the section's operations and effects

The exemption takes effect 30 days after enactment, unless the Secretary of the Treasury first reports to Congress that IDA is providing financial assistance to any country designated as a state sponsor of terrorism

Passed the House of Representatives on July 21, 2025