Robust International Response to Pandemic Act

3.0.0 986 2023-01-11T13:46:47Z 2023-01-11T13:46:47Z House HR 2021-02-11 117 [Congressional Record Volume 167, Number 26 (Thursday, February 11, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. Foster: H.R. 986The online version has been corrected to read:[Page H502]]]> hsba00 Financial Services Committee House Standing Referred to 2021-02-11T14:01:10Z 2021-02-11 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2021-02-11 Sponsor introductory remarks on measure. (CR E130) IntroReferral B00100 9 Library of Congress 2021-02-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-02-11 Introduced in House IntroReferral 1000 9 Library of Congress G000586 Rep. Garcia, Jesus G. "Chuy" [D-IL-4] Jesus Garcia D IL G. 4 N S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2021-02-11 True T000472 Rep. Takano, Mark [D-CA-41] Mark Takano D CA 41 2021-02-11 True C001091 Rep. Castro, Joaquin [D-TX-20] Joaquin Castro D TX 20 2021-02-11 True L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 2021-02-11 True M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2021-02-11 True L000592 Rep. Levin, Andy [D-MI-9] Andy Levin D MI 9 2021-02-11 True O000173 Rep. Omar, Ilhan [D-MN-5] Ilhan Omar D MN 5 2021-02-11 True C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2021-02-11 True E000297 Rep. Espaillat, Adriano [D-NY-13] Adriano Espaillat D NY 13 2021-02-11 True P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2021-02-11 True C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2021-02-11 True J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2021-02-11 True P000617 Rep. Pressley, Ayanna [D-MA-7] Ayanna Pressley D MA 7 2021-02-11 True J000298 Rep. Jayapal, Pramila [D-WA-7] Pramila Jayapal D WA 7 2021-02-11 True K000389 Rep. Khanna, Ro [D-CA-17] Ro Khanna D CA 17 2021-03-11 False R000606 Rep. Raskin, Jamie [D-MD-8] Jamie Raskin D MD 8 2021-03-11 False G000551 Rep. Grijalva, Raúl M. [D-AZ-3] Raúl Grijalva D AZ M. 3 2021-04-05 False H001068 Rep. Huffman, Jared [D-CA-2] Jared Huffman D CA 2 2021-04-05 False B001270 Rep. Bass, Karen [D-CA-37] Karen Bass D CA 37 2021-04-05 False T000460 Rep. Thompson, Mike [D-CA-5] MIKE THOMPSON D CA 5 2021-05-11 False L000579 Rep. Lowenthal, Alan S. [D-CA-47] Alan Lowenthal D CA S. 47 2021-06-30 False International Affairs Advisory bodies Cardiovascular and respiratory health Congressional oversight Emergency medical services and trauma care Foreign loans and debt Health programs administration and funding Health promotion and preventive care Infectious and parasitic diseases International monetary system and foreign exchange International organizations and cooperation Multilateral development programs Rule of law and government transparency World health International Affairs

00 2021-02-11 Introduced in House 2021-05-27T16:14:42Z Robust International Response to Pandemic Act

This bill requires the Department of the Treasury and each U.S. Executive Director at an international financial institution to take certain actions in support of the global response to COVID-19 (i.e., coronavirus disease 2019).

Specifically, each U.S. Executive Director at an international financial institution (e.g., the International Bank for Reconstruction and Development or the International Finance Corporation) must

seek the suspension of debt service payments to the institution and the relaxation of fiscal targets for certain programs,
oppose programs or loan agreements that would reduce countries' health care spending or other spending related to their responses to COVID-19, and
require approval of all Special Drawing Rights (a currency support tool) allocation transfers from wealthier member countries to countries that are emerging or developing to ensure the allocations are used for the public good and in response to the global pandemic.

Further, the U.S. Governor at the International Monetary Fund (IMF) must advocate for the issuance of Special Drawing Rights so that governments may access additional resources to finance their responses to COVID-19. Of these Special Drawing Rights allocated to the United States, Treasury must lend a specified amount to the Poverty Reduction and Growth Trust or other special purpose vehicle of the IMF to help eligible low-income countries respond to COVID-19.

Treasury must also advocate for an extension of the current moratorium on debt service payments to official bilateral creditors by the world's poorest countries.

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Robust International Response to Pandemic Act Display Title Robust International Response to Pandemic Act Official Title as Introduced To provide support for a robust global response to the COVID-19 pandemic. Introduced in House IH Short Title(s) as Introduced Robust International Response to Pandemic Act Introduced in House IH Introduced in House 2021-02-11T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr986ih/xml/BILLS-117hr986ih.xml 2021-02-11 Referred to the House Committee on Financial Services. 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.