We have received text from H.R. 4423: No New Burma Funds Act. This bill was received on 2025-07-15, and currently has 1 cosponsor.
Here is a short summary of the bill:
This bill, titled the "No New Burma Funds Act," aims to continue the current pause on financial support and commitments to the Government of Burma. Here’s a breakdown of what the bill includes:
Purpose of the Bill
The main goal of the bill is to maintain a suspension on disbursements and new financing commitments from the International Bank for Reconstruction and Development (IBRD) to Burma. This pause was put in place following a military coup in 2021 that replaced the democratically elected government, raising concerns about the legitimacy and governance of the current regime.
Authority and Directive
The bill assigns the Secretary of the Treasury the responsibility to direct the United States Executive Director at the IBRD. The directive is to ensure that the United States votes in favor of continuing the financial pause. This means the U.S. would not support any new funds or financial arrangements for the Burmese government until the Secretary of the Treasury believes it is in the public interest to do so.
Conditions for Resuming Financial Support
The bill stipulates that the pause on financing will remain in effect unless the Secretary of the Treasury determines that it is appropriate to lift it. This decision would likely involve considerations of political stability, governance, human rights conditions, and the overall situation in Burma.
Context of the Bill
The legislation is a response to the ongoing political and humanitarian crises in Burma since the coup. Supporters of the bill may view it as a necessary measure to prevent financial support from aiding a government that is not democratically elected, while also aiming to press for improvements in governance and human rights.
Implications
The continuation of the pause could impact various development projects and financial commitments previously planned for Burma, potentially leading to delays or cancellations of these initiatives. This could affect the economic situation in Burma and the livelihoods of its citizens, depending on the scope and nature of the suspended projects.
Relevant Companies
None found
Representative Nikema Williams Bill Proposals
Here are some bills which have recently been proposed by Representative Nikema Williams:
- H.R.4423: No New Burma Funds Act
- H.R.4150: Advancing Maternal Health Equity Under Medicaid Act
- H.R.4066: Countering White Supremacist Extremism Act
- H.R.3793: Minority Entrepreneurship Grant Program Act of 2025
- H.R.3665: Medicare Economic Security Solutions Act
- H.R.2967: Ralph David Abernathy, Sr. National Historic Site Act
You can track bills proposed by Representative Nikema Williams on Quiver Quantitative's politician page for Williams.
Representative Nikema Williams Net Worth
Quiver Quantitative estimates that Representative Nikema Williams is worth $798.5K, as of July 19th, 2025. This is the 311th highest net worth in Congress, per our live estimates.
Williams has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Representative Nikema Williams's net worth on Quiver Quantitative's politician page for Williams.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
