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United States · Bill · S

S. 3248 (115th)

Turkey International Financial Institutions Act

openUnited States· United States Congress· EN

Introduced

19 July 2018

Last action

26 July 2018 · Reported

Status

Placed on Senate Legislative Calendar under General Orders. Calendar No. 531.

Sponsors

Sen. Corker, Bob [R-TN], Sen. Menendez, Robert [D-NJ], James Lankford, Thomas Tillis, Jeanne Shaheen, Rep. Nelson, Bill [D-FL-11]

Subjects

Energy

Source updated

5 December 2025

Energy

Summary

Turkey International Financial Institutions Act This bill requires the Department of the Treasury to: oppose the extension by the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development of loans or financial or technical assistance to Turkey or to any entity for a project in Turkey, and work with other donor countries to develop a lending policy with Turkey that advances human rights. Treasury may waive the IFC restriction for projects to diversify Turkey's energy resources and lessen its dependence on Russian or Iranian oil or gas. Such restrictions: shall terminate after the President certifies to Congress that Turkey is no longer arbitrarily detaining or denying freedom of movement to U.S. citizens (including dual citizens) or locally employed staff of the U.S. mission to Turkey, and shall not apply to loans or financial or technical assistance for humanitarian purposes.

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

Timeline

  1. 19 July 2018

    Introduced

    Read twice and referred to the Committee on Foreign Relations.

    Source: IntroReferral

  2. 19 July 2018

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 26 July 2018

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 531.

    Source: Calendars

  4. 26 July 2018

    Reported

    Committee on Foreign Relations. Ordered to be reported without amendment favorably.

    Source: Committee

  5. 26 July 2018

    Reported

    Committee on Foreign Relations. Reported by Senator Corker without amendment. Without written report.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

5 official files

Sponsors

Related records

Sources

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