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- S.1975
S.1975: No More IMF Bailouts Act
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about foreign trade and international finance
- Introduced Dec. 8, 2011
- Latest Major Action Dec. 8, 2011
Bill Sponsor
Bill Cosponsors
26 (All Republicans)
Bill Summary
No More IMF Bailouts Act - Amends the Bretton Woods Agreements Act to repeal authority to: (1) provide certain loans to the International Monetary Fund (IMF), including loans related to the New Arrangements to Borrow (NAB); (2) increase the U.S. quota in the IMF; and (3) approve the sale of IMF gold. Prohibits U.S. loans to the IMF for assistance to any European Union (EU) member state: (1) until the ratio of the total outstanding public debt...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Foreign Relations.
|
|
| Dec. 8, 2011 |
Introduced in the Senate by Jim DeMint (R-S.C.) |