II 

117TH CONGRESS 

1ST SESSION S. 2109 

To prohibit allocations of Special Drawing Rights at the International Monetary Fund for perpetrators of genocide and state sponsors of terrorism 

without congressional authorization. 

IN THE SENATE OF THE UNITED STATES 

JUNE 17, 2021 

Mr. KENNEDY introduced the following bill; which was read twice and referred 

to the Committee on Foreign Relations 

A BILL 

To prohibit allocations of Special Drawing Rights at the 

International Monetary Fund for perpetrators of genocide and state sponsors of terrorism without congressional authorization. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘No Dollars for Dic5 tators Act of 2021’’. 

6 SEC. 2. FINDINGS. 

7 Congress makes the following findings: 


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1 (1) The President has agreed to a general allo2 cation of Special Drawing Rights at the Inter3 national Monetary Fund totaling $650,000,000,000 

4 without consent from Congress. 

5 (2) Special Drawing Rights are distributed ac6 cording to a country’s economic standing in the 

7 global economy, allowing the wealthiest countries in 

8 the world to receive the most Special Drawing 

9 Rights of all members of the International Monetary 

10 Fund. 

11 (3) The President’s justification for supporting 

12 the proposed allocation is to allow low-income coun13 tries to exchange their Special Drawing Rights for 

14 currency to fund efforts to combat the COVID–19 

15 pandemic. 

16 (4) Under the proposed allocation of 

17 $650,000,000,000 Special Drawing Rights— 

18 (A) Group of Twenty countries, the largest 

19 economies in the world, would receive the bulk 

20 of the Special Drawing Rights, totaling 

21 $426,000,000,000; and 

22 (B) only 3 percent, or $21,000,000,000, 

23 would be given to the intended recipients, the 

24 poorest countries in the world. 


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1 (5) The President recommends a Special Draw2 ing Rights allocation that sends tens of billions of 

3 dollars in aid to dictators, including Xi Jinping, 

4 Vladimir Putin, Hassan Rouhani, Bashar al-Assad, 

5 and Nicola ́s Maduro. 

6 (6) Under the proposed allocation, the People’s 

7 Republic of China, a known perpetrator of genocide, 

8 stands to receive $22,000,000,000, which is more 

9 than the $21,000,000,000 all the poorest countries 

10 combined will receive. 

11 (7) Countries designated as state sponsors of 

12 terrorism would also receive Special Drawing Rights, 

13 with $3,500,000,000 going to Iran and 

14 $900,000,000 going to Syria. 

15 (8) The notion that Special Drawing Rights are 

16 a no-cost way to help poor countries procure 

17 COVID–19 vaccines is demonstrably false, and fur18 ther would require the United States to issue debt 

19 and pay interest on that debt in order to cover the 

20 loans issued through Special Drawing Rights. 

21 (9) On March 24, 2021, the Secretary of the 

22 Treasury, Janet Yellen, acknowledged that a Special 

23 Drawing Rights allocation comes at a cost to the 

24 United States taxpayer, as the United States is fi25 nancially responsible for exchanging United States 


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1 dollars in return for Special Drawing Rights pre2 sented to the United States. 

3 (10) It is the duty of Congress to decide how 

4 taxpayer dollars are used and whether or not United 

5 States dollars should be exchanged for Special 

6 Drawing Rights that will be awarded to dictators 

7 and countries that actively oppose the national inter8 ests of the United States. 

9 SEC. 3. PROHIBITION ON ALLOCATIONS OF SPECIAL DRAW10 ING RIGHTS AT INTERNATIONAL MONETARY 

11 FUND FOR PERPETRATORS OF GENOCIDE 

12 AND STATE SPONSORS OF TERRORISM WITH13 OUT CONGRESSIONAL AUTHORIZATION. 

14 Section 6(b) of the Special Drawing Rights Act (22 

15 U.S.C. 286q(b)) is amended by adding at the end the fol16 lowing: 

17 ‘‘(3) Unless Congress by law authorizes such action, 

18 neither the President nor any person or agency shall on 

19 behalf of the United States vote to allocate Special Draw20 ing Rights under article XVIII, sections 2 and 3, of the 

21 Articles of Agreement of the Fund to a member country 

22 of the Fund, if the government of the member country 

23 has— 


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1 ‘‘(A) committed genocide at any time during 

2 the 10-year period ending with the date of the vote; 

3 or 

4 ‘‘(B) been determined by the Secretary of 

5 State, as of the date of the enactment of the No 

6 Dollars for Dictators Act of 2021, to have repeatedly 

7 provided support for acts of international terrorism, 

8 for purposes of— 

9 ‘‘(i) section 1754(c)(1)(A)(i) of the Export 

10 Control Reform Act of 2018 (50 U.S.C. 

11 4813(c)(1)(A)(i)); 

12 ‘‘(ii) section 620A of the Foreign Assist13 ance Act of 1961 (22 U.S.C. 2371); 

14 ‘‘(iii) section 40(d) of the Arms Export 

15 Control Act (22 U.S.C. 2780(d)); or 

16 ‘‘(iv) any other provision of law.’’. 

Æ 


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