United StatesNo New Burma Funds Act
What it does
This bill requires the U.S. Executive Director at the International Bank for Reconstruction and Development (IBRD) to advocate and vote for a continued pause on IBRD disbursements and new financing commitments to Burma unless the Department of the Treasury determines this is not in the national interest.
More detail
The IBRD is one of the two major lending facilities of the World Bank and provides loans, guarantees, risk management products, and advisory services to middle-income countries and some creditworthy low-income countries. The World Bank paused disbursements and new financing to Burma after a 2021 military coup in that country.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Dec 2Received in the Senate and Read twice and referred to the Committee on Foreign Relations.Latest
- Vote recorded On Motion to Suspend the Rules and Pass, as Amended. Result: Passed.House
- Dec 1Mr. Davidson moved to suspend the rules and pass the bill, as amended.
- Dec 1Considered under suspension of the rules. (consideration: CR H4945-4947)
- Dec 1DEBATE - The House proceeded with forty minutes of debate on H.R. 4423.
- Dec 1At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
- Dec 1Considered as unfinished business. (text: CR H4954-4955)
- Dec 1Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 385 - 0 (Roll no. 307). (text: CR H4945)Passed House
- Dec 1Motion to reconsider laid on the table Agreed to without objection.
- Sep 8Reported (Amended) by the Committee on Financial Services. H. Rept. 119-245.
- Sep 8Placed on the Union Calendar, Calendar No. 202.
- Jul 22Committee Consideration and Mark-up Session Held
- Jul 22Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 0.
- Jul 15Introduced in House
- Jul 15Referred to the House Committee on Financial Services.Introduced
- Dec 2Received in the Senate and Read twice and referred to the Committee on Foreign Relations.Latest