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    <number>605</number>
    <updateDate>2025-05-27T14:12:00Z</updateDate>
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    <originChamber>House</originChamber>
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    <type>HR</type>
    <introducedDate>2023-01-27</introducedDate>
    <congress>118</congress>
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      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 18 (Friday, January 27, 2023)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. HILL:H.R. 605.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the United States Constitution.The single subject of this legislation is:Special Drawing Rights Act[Page H490]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <text>Referred to the House Committee on Financial Services.</text>
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        <fullName>Rep. Hill, J. French [R-AR-2]</fullName>
        <firstName>J.</firstName>
        <lastName>Hill</lastName>
        <party>R</party>
        <state>AR</state>
        <middleName>French</middleName>
        <district>2</district>
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        <fullName>Rep. Barr, Andy [R-KY-6]</fullName>
        <firstName>Andy</firstName>
        <lastName>Barr</lastName>
        <party>R</party>
        <state>KY</state>
        <district>6</district>
        <sponsorshipDate>2023-01-27</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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        <bioguideId>H001058</bioguideId>
        <fullName>Rep. Huizenga, Bill [R-MI-4]</fullName>
        <firstName>Bill</firstName>
        <lastName>Huizenga</lastName>
        <party>R</party>
        <state>MI</state>
        <district>4</district>
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        <fullName>Rep. Emmer, Tom [R-MN-6]</fullName>
        <firstName>Tom</firstName>
        <lastName>Emmer</lastName>
        <party>R</party>
        <state>MN</state>
        <district>6</district>
        <sponsorshipDate>2023-11-15</sponsorshipDate>
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        <bioguideId>S001213</bioguideId>
        <fullName>Rep. Steil, Bryan [R-WI-1]</fullName>
        <firstName>Bryan</firstName>
        <lastName>Steil</lastName>
        <party>R</party>
        <state>WI</state>
        <district>1</district>
        <sponsorshipDate>2023-11-15</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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      <item>
        <bioguideId>O000175</bioguideId>
        <fullName>Rep. Ogles, Andrew [R-TN-5]</fullName>
        <firstName>Andrew</firstName>
        <lastName>Ogles</lastName>
        <party>R</party>
        <state>TN</state>
        <district>5</district>
        <sponsorshipDate>2024-01-25</sponsorshipDate>
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    <policyArea>
      <name>International Affairs</name>
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    <subjects>
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      <policyArea>
        <name>International Affairs</name>
        <updateDate>2023-03-10T15:45:21Z</updateDate>
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    <summaries>
      <summary>
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        <actionDate>2023-01-27</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2023-03-24T14:36:32Z</updateDate>
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          <text>&lt;p&gt;&lt;strong&gt;Special Drawing Rights Oversight Act of 2023 &lt;/strong&gt;&lt;/p&gt; &lt;p&gt;This bill imposes additional restrictions on the U.S. government's authority to vote on Special Drawing Rights (SDR) allocations at the International Monetary Fund (IMF). &lt;/p&gt; &lt;p&gt;(The SDR is an international reserve asset maintained by the IMF based on contributions from IMF member countries. SDRs may be exchanged between member countries and may also be exchanged for currencies.)&lt;/p&gt; &lt;p&gt;Under current law, U.S. representatives to the IMF may not vote for SDR allocations to the United States beyond an amount authorized by statute unless Congress authorizes such a vote. This bill further reduces the allocation amount that U.S. representatives to the IMF may vote for without congressional approval.&lt;/p&gt; &lt;p&gt;Furthermore, U.S. representatives to the IMF may not vote for SDR allocations to a country if the President finds that the country's government has (1) committed genocide in the last 10 years, or (2) repeatedly supported international terrorism.&lt;/p&gt;</text>
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      </summary>
    </summaries>
    <title>Special Drawing Rights Oversight Act of 2023</title>
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        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>Special Drawing Rights Oversight Act of 2023</title>
        <updateDate>2024-07-24T15:23:55Z</updateDate>
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        <titleType>Short Title(s) as Introduced</titleType>
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        <title>Special Drawing Rights Oversight Act of 2023</title>
        <updateDate>2024-05-24T13:42:42Z</updateDate>
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        <titleType>Official Title as Introduced</titleType>
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        <title>To amend the Special Drawing Rights Act in order to strengthen congressional oversight with respect to allocations of Special Drawing Rights by the International Monetary Fund, and to prohibit such allocations for perpetrators of genocide and state sponsors of terrorism without congressional authorization, and for other purposes.</title>
        <updateDate>2024-03-18T20:14:51Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <type>Introduced in House</type>
        <date>2023-01-27T05:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-118hr605ih/xml/BILLS-118hr605ih.xml</url>
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    <latestAction>
      <actionDate>2023-01-27</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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