Stop Onerous Surcharges Act

Bill: 117-hr-6979
Sponsor: full_name: Rep. Garcia, Jesus G. "Chuy" [D-IL-4]
Introduced: 2022-03-08
Policy area: International Affairs
Latest action: action_date: 2022-03-08
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2022-03-08
action_desc: Introduced in House
text: <p><strong>Stop Onerous Surcharges Act</strong></p> <p>This bill requires U.S. representatives to the International Monetary Fund (IMF) to advocate and vote for an immediate review of the IMF's surcharge policies and a suspension of such surcharges while the review is underway. <br> </p>

tv_txt: I 117th CONGRESS 2d Session H. R. 6979 IN THE HOUSE OF REPRESENTATIVES March 8, 2022 Mr. García of Illinois (for himself and Ms. Jayapal ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To support a review of surcharge policy at the International Monetary Fund.

1. Short title This Act may be cited as the Stop Onerous Surcharges Act . 2. United States support for a review of surcharge policy at the International Monetary Fund The Secretary of the Treasury shall instruct the United States Executive Director at the International Monetary Fund (in this section referred to as the IMF ) to use the vote and the voice of the United States at the IMF to support— (1) an immediate review by the IMF of the surcharge policies of the IMF; and (2) a suspension of the imposition or collection of surcharge payments while the review is underway.