HR 6086
IMF Reform and Integrity Act of 2020
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The IMF Reform and Integrity Act of 2020 aims to increase accountability within the International Monetary Fund (IMF). It requires the U.S. Treasury Secretary to assess whether countries seeking quota increases meet certain criteria, including compliance with IMF obligations and a lack of currency manipulation. The bill also directs the U.S. to oppose quota increases for countries that have interfered with U.S. elections or whose public debt is unsustainable, and restricts IMF lending to countries that don’t meet these standards. The act also includes provisions regarding congressional notification for exceptional access lending.
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