To prohibit representatives of the United States from voting at the International Monetary Fund for any Special Drawing Rights allocations, quota increases, or policy modifications that would benefit certain countries, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To prohibit representatives of the United States from voting at the International Monetary Fund for any Special Drawing Rights allocations, quota increases, or policy modifications that would benefit certain countries, and for other purposes., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients. The main policy domain is Foreign Policy, Government Operations, Finance.
Who Benefits and How
foreign governments, international partners, and aid recipients may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, foreign governments, international partners, and aid recipients may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section id4859845E269545ABA6E6AD43C61A5CAD: 1. Short title This Act may be cited as the IMF Accountability Act of 2023.
- Section id25251C501EE24F0B815AD256B3CF12B3: 2. Prohibition on allocations of Special Drawing Rights by International Monetary Fund for certain countries without congressional authorization Section 6 of...
- Section id5CA1E14069CE48519B87B6052EC629D9: 3. Prohibition on modifications to quotas and policies of the International Monetary Fund that would benefit certain countries The Secretary of the Treasury...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To prohibit representatives of the United States from voting at the International Monetary Fund for any Special Drawing Rights allocations, quota increases, or policy modifications that would benefit certain countries, and for other purposes., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients.
Key Policy Areas
Foreign Policy, Government Operations, Finance
Primary Purpose
This bill, To prohibit representatives of the United States from voting at the International Monetary Fund for any Special Drawing Rights allocations, quota increases, or policy modifications that would benefit certain countries, and for other purposes., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients.
Policy Domains
Whole bill
Identified Gains
- foreign governments, international partners, and aid recipients
Identified Costs
- federal implementing agencies
- foreign governments, international partners, and aid recipients
Sponsors
Rick Scott
R-FL | Primary Sponsor
Legislative Progress
IntroducedMr. Scott of Florida (for himself and Mr. Cruz) introduced …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
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