HR 3750 · 106th Congress · Foreign Trade and International Finance
IMF Reform Act of 2000
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Domestic and International Monetary Policy.(2000-03-13)
Plain Language Summary
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IMF Reform Act of 2000 - Amends the Bretton Woods Agreements Act to require the Secretary of the Treasury to report annually to specified congressional committees on whether the International Monetary Fund has complied with certain requirements, including that the Fund: (1) not charge interest other than the current market interest rate for foreign loans; (2) not make a loan with a maturity date of more than one year; (3) not make a loan except for the purpose of addressing a currency crisis; (4) has abolished its Enhanced Structural Adjustment Facility; (5) is required to, and does, publish each of its operational budgets, with any information that could disrupt financial markets or affect adversely the national security of any country redacted, and is required to, and does, reorganize and restate the publicly available financial statements of the Fund in a manner consistent with the Fund's code of good practices, and with the principles of transparency and accountability; (6) not make a loan to any country that has previously been found to have falsified loan documents; and (7) is required to exhaust, and has exhausted, all feasible opportunities to borrow from the private sector…
Summarized by Claude AI · Non-partisan · For informational purposes only