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EconomyH.R. 1764Comments

Aligning SEC Regulations for the World Bank’s International Development Association Act

Official title: 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.

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Where the Bill Stands

  1. Introduced, done
  2. Committee, done
  3. Floor Vote, done
  4. Outcome, current stage

What This Bill Does

This bill exempts from securities regulations any securities issued by the International Development Association (IDA) of the World Bank. The association provides loans and grants to developing countries. The Securities and Exchange Commission may suspend this exemption at any time.

The bill does not apply if, before the bill's date of enactment, the Department of the Treasury reports that IDA is providing financial support to a country whose government has repeatedly provided support for acts of international terrorism, as determined by the Department of State.

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Related Documents

Timeline

  1. SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. House floor actionsMr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
  3. Passed the House
  4. House floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-25.
  5. House committee actionsCommittee Consideration and Mark-up Session Held
  6. Library of CongressIntroduced in House
  7. House floor actionsReferred to the House Committee on Financial Services.
  8. Introduced
  9. Committee

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