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US HB3224
Bill
Status
5/6/2025
Primary Sponsor
Maxine Waters
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AI Summary
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Requires U.S. Executive Directors at international financial institutions to oppose projects in countries with human rights abuses including against LGBTQ+ persons, improve transparency of project information in host countries, and strengthen civil society consultation requirements
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Authorizes $591 million for the African Development Fund 16th replenishment, $7.8 billion in callable capital for the African Development Bank, and $439.1 million for the European Bank for Reconstruction and Development capital increase
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Directs advocacy at the IMF for debt suspension for low-income countries experiencing climate disasters, reduction of harmful loan conditions limiting social spending, and creation of a Fifth Deputy Managing Director representing low- or middle-income countries
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Prohibits U.S. withdrawal from or withholding of appropriated funds to international financial institutions without congressional authorization, and continues the pause on World Bank disbursements to Burma following the 2021 military coup
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Mandates Treasury reports on debt restructuring challenges, digital public infrastructure safeguards, independent accountability mechanisms at multilateral development banks, and sexual exploitation prevention policies
Legislative Description
International Financial Institution Improvements Act of 2025
International affairs
Last Action
Referred to the House Committee on Financial Services.
5/6/2025