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Introduced

HB6502: IMF Accountability Act of 2023

: Scott Franklin (R-US) : May 25, 2026 Updated: Nov 29, 2023
International affairs
Bill ProgressIntroduced
  1. 1Introduced (current step)
  2. 2Passed One Chamber
  3. 3Passed Both Chambers
  4. 4Became Law

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Bill information

Summary

To prohibit representatives of the United States from voting at the International Monetary Fund for any Special Drawing Rights allocations, quota increases, or policy modifications that would benefit certain countries, and for other purposes.

Plain-language summary

The IMF Accountability Act of 2023 would prevent U.S. representatives from voting at the International Monetary Fund (IMF) on certain financial decisions that benefit specific countries. The bill targets votes on Special Drawing Rights (a type of international currency reserve), quota increases (larger financial contributions), and policy changes. The IMF is a global organization that provides loans and financial assistance to member countries. This bill is currently in its early stage after being introduced in Congress with bipartisan sponsorship.

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HB6502: IMF Accountability Act of 2023

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