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.
Sponsors
Legislative Progress
Passed HouseReceived; read twice and referred to the Committee on Banking, …
Passed House (inferred from eh version)
Reported with an amendment, committed to the Committee of the …
Ms. Waters introduced the following bill; which was referred to …
Summary
What This Bill Does
Exempts securities issued or guaranteed by the International Development Association (World Bank group) from Securities Act and Exchange Act registration requirements, similar to other multilateral development banks.
Who Benefits and How
IDA gains parity with other development banks in U.S. securities markets. Development finance is facilitated. Investors can access IDA securities without full registration.
Who Bears the Burden and How
SEC loses registration authority but retains annual reporting requirements. SEC can suspend exemption if needed.
Key Provisions
- IDA securities deemed exempted securities
- Parallels treatment of other development banks
- SEC annual reporting still required
- SEC can suspend exemption with Treasury consultation
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Exempts IDA securities from securities laws like other development banks
Policy Domains
Legislative Strategy
"Align IDA securities treatment with other development banks"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "commission"
- → SEC
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology