HR 1764
Passed a chamber
Exempts securities issued or guaranteed by the International Development Association from federal securities laws, putting it on the same footing as other multilateral development banks the United States belongs to.
Official title: Aligning SEC Regulations for the World Bank’s International Development Association Act
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
03-MAR-2025
Referred
03-MAR-2025
Approved by committee
05-MAR-2025
Reported
21-MAR-2025
On the calendar
21-MAR-2025
Passed
21-JUL-2025
Senate
Received
22-JUL-2025
- Amends the International Development Association Act to treat IDA securities as exempted securities under the Securities Act of 1933 and the Securities Exchange Act of 1934.
- Requires the Association to file reports with the Securities and Exchange Commission that the Commission finds appropriate.
- Allows the Securities and Exchange Commission, in consultation with the National Advisory Council on International Monetary and Financial Problems, to suspend the exemption for any or all IDA securities, and requires the Commission to report to Congress on its operation.
- Takes effect 30 days after enactment, unless the Secretary of the Treasury reports that IDA is providing financial assistance to a country the Secretary of State has determined repeatedly supports international terrorism.
Covers an older version. The newest CRS summary describes the bill as of "Introduced in House" (03-MAR-2025); the text has changed since (Engrossed in House, 21-JUL-2025).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.govFinance and Financial Sector
No cosponsors.