# 116-hr-5888: To increase effectiveness in the pursuit of United States interests and multilateral cooperation at the international financial institutions, and for other purposes.

116-hr-5888, To increase effectiveness in the pursuit of United States interests and multilateral cooperation at the international financial institutions, and for other purposes., is a 116th Congress bill sponsored by Rep. Hill, J. French [R-AR-2] (R-AR); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-5888
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-5888
- Congress: 116
- Title: To increase effectiveness in the pursuit of United States interests and multilateral cooperation at the international financial institutions, and for other purposes.
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-02-13
- Sponsor: Rep. Hill, J. French [R-AR-2] (R-AR)
- Cosponsors: 2
- Policy area: International Affairs
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

This bill temporarily authorizes the Department of the Treasury to waive, on a case-by-case basis, statutory mandates that govern the U.S. Executive Directors at international financial institutions with respect to their use of the voice and vote of the United States. For each such waiver, Treasury must issue a report that (1) describes the project or policy to which the waiver would apply, (2) explains the reasons for the waiver, and (3) certifies that the waiver does not undermine the ability of the United States to promote the mandate's policy objectives. Treasury must review existing statutory mandates and submit any recommendations to revise or sunset the mandates with the objectives of strengthening U.S. leadership, facilitating multilateral cooperation, reflecting changing conditions, and advancing the U.S. national interest.

## Cosponsors (2)

- Rep. Riggleman, Denver [R-VA-5] (R-VA), 2020-05-01T00:00:00.000Z
- Rep. Williams, Roger [R-TX-25] (R-TX), 2020-06-08T00:00:00.000Z

## Related bills

- 116-hr-7777: Paycheck Protection Small Business Forgiveness Act
- 116-hr-7278: JUSTICE Act
- 116-hr-6742: Protecting Life in Crisis Act
- 116-hr-6116: Consumer Financial Protection Commission Act
- 116-hr-6081: Holding Iranian Leaders Accountable Act of 2020
- 116-hr-19: Lower Costs, More Cures Act of 2019

## Sources
- [116-hr-5888 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/5888)

## Related
- [116-hr-7777: Paycheck Protection Small Business Forgiveness Act](https://policyrisk.com/legislation/116-hr-7777)
- [116-hr-7278: JUSTICE Act](https://policyrisk.com/legislation/116-hr-7278)
- [116-hr-6742: Protecting Life in Crisis Act](https://policyrisk.com/legislation/116-hr-6742)
- [116-hr-6116: Consumer Financial Protection Commission Act](https://policyrisk.com/legislation/116-hr-6116)
- [116-hr-6081: Holding Iranian Leaders Accountable Act of 2020](https://policyrisk.com/legislation/116-hr-6081)
- [116-hr-19: Lower Costs, More Cures Act of 2019](https://policyrisk.com/legislation/116-hr-19)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-5888 (as of 2025-11-18).