HB1161: Aligning SEC Regulations for the World Bank’s International Development Association Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To accord securities issued by the International Development Association the same exemption from the securities laws that applies to the securities of other multilateral development banks in which the United States is a member.
Plain-language summary
This bill would exempt securities issued by the International Development Association from certain SEC regulations, just like securities from other multilateral development banks already are. The International Development Association is a World Bank organization that provides loans and grants to the poorest countries. Currently, securities from some multilateral development banks get exemptions from U.S. securities laws, but the International Development Association does not. This bill would give the International Development Association the same exemption status. The bill was introduced in the House and is currently in the early legislative stage.
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HB1161: Aligning SEC Regulations for the World Bank’s International Development Associa…