3.0.0 1975 2021-12-20T15:54:25Z 2021-12-20T15:54:25Z Senate S S 2011-12-08 112 ssfr00 Foreign Relations Committee Senate Standing Referred to 2011-12-08T23:03:18Z To repeal the authority to provide certain loans to the International Monetary Fund, the increase in the United States quota in that Fund, and certain other authorities, and to rescind related appropriations. 112 2313 HR 2011-07-19 Referred to the Subcommittee on International Monetary Policy and Trade. Related bill CRS A bill to repeal the authority to provide certain loans to the International Monetary Fund, the increase in the United States quota to the Fund, and certain other related authorities, to rescind related appropriated amounts, and for other purposes. 112 1276 S 2011-06-27 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 85. Related bill CRS 2011-12-08 ssfr00 Foreign Relations Committee Senate Read twice and referred to the Committee on Foreign Relations. IntroReferral 2011-12-08 Introduced in Senate IntroReferral 10000 9 Library of Congress D000595 Sen. DeMint, Jim [R-SC] James DeMint R SC W. N C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2011-12-08 True V000127 Sen. Vitter, David [R-LA] David Vitter R LA 2011-12-08 True T000461 Sen. Toomey, Patrick [R-PA] Patrick Toomey R PA J. 2011-12-08 True R000584 Sen. Risch, James E. [R-ID] James Risch R ID E. 2011-12-08 True A000368 Sen. Ayotte, Kelly [R-NH] Kelly Ayotte R NH 2011-12-08 True J000293 Sen. Johnson, Ron [R-WI] Ron Johnson R WI 2011-12-08 True L000577 Sen. Lee, Mike [R-UT] Mike Lee R UT 2011-12-08 True P000603 Sen. Paul, Rand [R-KY] Rand Paul R KY 2011-12-08 True B000575 Sen. Blunt, Roy [R-MO] Roy Blunt R MO 2011-12-08 True H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT 2011-12-08 True B001236 Sen. Boozman, John [R-AR] John Boozman R AR 2011-12-08 True G000359 Sen. Graham, Lindsey [R-SC] Lindsey Graham R SC 2011-12-08 True K000352 Sen. Kyl, Jon [R-AZ] Jon Kyl R AZ Llewellyn 2011-12-08 True H001016 Sen. Hutchison, Kay Bailey [R-TX] KAY HUTCHISON R TX BAILEY 2011-12-08 True C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2011-12-08 True I000024 Sen. Inhofe, James M. [R-OK] Jim Inhofe R OK 2011-12-08 True B001261 Sen. Barrasso, John [R-WY] John Barrasso R WY 2011-12-08 True C000286 Sen. Chambliss, Saxby [R-GA] SAXBY CHAMBLISS R GA 2011-12-08 True C000560 Sen. Coburn, Tom [R-OK] TOM COBURN R OK 2011-12-08 True T000250 Sen. Thune, John [R-SD] John Thune R SD R. 2011-12-08 True B001135 Sen. Burr, Richard [R-NC] Richard Burr R NC Mauze 2011-12-08 True H001041 Sen. Heller, Dean [R-NV] Dean Heller R NV 2011-12-08 True R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL 2011-12-08 True J000291 Sen. Johanns, Mike [R-NE] Mike Johanns R NE 2011-12-08 True S001141 Sen. Sessions, Jeff [R-AL] Jeff Sessions R AL 2011-12-08 True Foreign Trade and International Finance Appropriations Budget deficits and national debt Europe European Union Foreign loans and debt Multilateral development programs Foreign Trade and International Finance 00 2011-12-08 Introduced in Senate 2012-01-12T17:27:30Z 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 of each member state to its gross domestic product (as of the end of the most recent fiscal year of the member state ending in the preceding calendar year) is not more than 60%; or (2) for any new credit or liquidity facility, or any new special purpose vehicle, related to European financial stability.

Directs the Secretary of the Treasury to instruct the U.S. Executive Director of the IMF to use U.S. influence to oppose any IMF financing: (1) to any EU member state until the ratio of the total outstanding public debt of each member state to its gross domestic product (as of the end of the most recent fiscal year of the member state ending in the preceding calendar year) is not more than 60%; or (2) for any new credit or liquidity facility, or any new special purpose vehicle, related to European financial stability.

Expresses the sense of Congress that Congress should not approve legislation to implement the December 15, 2010, vote of the IMF Board of Governors to double the U.S. quota in the IMF.

]]> No More IMF Bailouts Act Short Titles as Introduced No More IMF Bailouts Act Display Title No More IMF Bailouts Act Official Title as Introduced A bill to repeal the authority to provide certain loans to the International Monetary Fund, to prohibit loans to enable the Fund to provide financing for European financial stability and to oppose the provision of such financing, and for other purposes. Introduced in Senate 2011-12-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s1975is/xml/BILLS-112s1975is.xml 2011-12-08 Read twice and referred to the Committee on Foreign Relations. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.