Special Drawing Rights Oversight Act

Bill: 117-hr-1513
Sponsor: full_name: Rep. Perry, Scott [R-PA-10]
Introduced: 2021-03-02
Policy area: International Affairs
Subjects: Congressional oversight

International monetary system and foreign exchange

International organizations and cooperation

Multilateral development programs
Latest action: action_date: 2021-03-02
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2021-03-02
action_desc: Introduced in House
text: <p><b>Special Drawing Rights Oversight Act</b></p> <p>This bill requires congressional approval for a vote to allocate any Special Drawing Rights (a currency support tool available to members of the International Monetary Fund). Currently, congressional approval is required only for allocations that exceed a specified amount.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 1513 IN THE HOUSE OF REPRESENTATIVES March 2, 2021 Mr. Perry introduced the following bill; which was referred to the Committee on Financial Services A BILL To require that all Special Drawing Rights allocations be authorized by Congress in law.

1. Short title This Act may be cited as the Special Drawing Rights Oversight Act . 2. Congressional approval required for all allocations of Special Drawing Rights Section 6(a) of the Special Drawing Rights Act ( 22 U.S.C. 286q(a) ) is amended by striking so that allocations and all that follows and inserting a period.