S. 1153: No Dollars for Dictators Act of 2025

This bill, known as the No Dollars for Dictators Act of 2025, aims to restrict the United States from allocating Special Drawing Rights (SDRs) at the International Monetary Fund (IMF) to countries that have recently committed genocide or are state sponsors of terrorism, without prior approval from Congress.

Key Provisions

• The bill amends existing legislation concerning the allocation of SDRs, which are international reserve assets created by the IMF to supplement its member countries' official reserves.
• Under this bill, the U.S. President or any agency cannot vote to allocate SDRs to a member country unless Congress has specifically authorized such action.
• It stipulates two main conditions that would prevent the allocation of SDRs to a country:
• Genocide: A country that has committed genocide within the last ten years.
• Support for Terrorism: A country that has been determined by the Secretary of State to have repeatedly provided support for acts of international terrorism.

Impact on Government Actions

Should this bill pass, it would create a greater check on the executive branch's ability to respond to international financial needs without legislative consent, particularly regarding sensitive issues involving alleged human rights abuses and terrorism.

Background

The bill emphasizes accountability and scrutiny in international financial allocations, reflecting concerns over U.S. financial support to nations that might engage in practices counter to democratic values and human rights.

Relevant Companies

None found.