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Exempts securities issued or fully guaranteed by the International Development Association (IDA) from certain U.S. securities laws. The Securities and Exchange Commission (SEC) can still require IDA to file reports it deems appropriate and may suspend the exemption after consulting a designated advisory council.
The SEC must report to Congress on how this policy works in practice. The change takes effect 30 days after enactment unless, before that date, the Treasury Secretary reports that IDA is providing financial assistance to a government designated as supporting international terrorism.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3513)
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced March 3, 2025 by Maxine Waters · Last progress July 22, 2025
Adds a new section to the International Development Association Act exempting securities issued or guaranteed by the International Development Association from specified provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934; requires reporting to the SEC; authorizes the SEC (in consultation with the National Advisory Council on International Monetary and Financial Problems) to suspend the exemption; requires SEC reporting to Congress; and establishes an effective date with an exception tied to a Treasury report regarding assistance to state sponsors of terrorism.
Adds a new section (section 32) to the International Development Association Act creating an exemption for securities issued or guaranteed by the International Development Association from specified provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934, requires reporting to the SEC, and authorizes the SEC to suspend the exemption and to report to Congress.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3513)
DEBATE - The House proceeded with forty minutes of debate on H.R. 1764.