To direct the Secretary of the Treasury to instruct the United States Executive Director at the International Monetary Fund to oppose any new loan by the International Monetary Fund to any country that is acting to restrict oil production to the detriment of the United States economy, except in emergency circumstances.

Summary

Amends the International Financial Institutions Act to direct the Secretary of the Treasury to instruct the U.S. Executive Director at the International Monetary Fund (IMF) to use the U.S. voice, vote, and influence to oppose any new IMF loan to any country which the Secretary of Energy determines is a member of the Organization of Petroleum Exporting Countries (OPEC) and is acting to restrict oil production to the detriment of the U.S. economy, or is acting in concert with OPEC to do so, unless the provision of the loan is necessary to address a systemic risk to the international financial system.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 2 May 2001

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 2 May 2001

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 May 2001

   Introduced

   Introduced in House

   Source: IntroReferral

4. 14 May 2001

   Referred

   Referred to the Subcommittee on International Monetary Policy and Trade.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 2 May 2001 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 May 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 2 May 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 May 2001

  Open at official source

Sponsors

• Rep. Saxton, Jim [R-NJ-13] · R · Sponsor
• Rep. DeLay, Tom [R-TX-22] · R · Sponsor
• JOHN DUNCAN · R · Sponsor
• Rep. McHugh, John M. [R-NY-23] · R · Sponsor
• Rep. Schaffer, Bob [R-CO-4] · R · Sponsor
• DANA ROHRABACHER · R · Sponsor
• Rep. Pitts, Joseph R. [R-PA-16] · R · Sponsor
• Rep. Paul, Ron [R-TX-22] · R · Sponsor
• Rep. Gillmor, Paul E. [R-OH-5] · R · Cosponsor
• Rep. Souder, Mark E. [R-IN-3] · R · Cosponsor
• Rep. Ney, Robert W. [R-OH-18] · R · Cosponsor
• Rep. Everett, Terry [R-AL-2] · R · Cosponsor
• Rep. Ehrlich, Robert L., Jr. [R-MD-2] · R · Cosponsor
• Rep. Hulshof, Kenny C. [R-MO-9] · R · Cosponsor
• Rep. Gekas, George W. [R-PA-17] · R · Cosponsor
• · hsba00 · Standing

Related records

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