119-s-1153119th CongressWALLET

No Dollars for Dictators Act of 2025

Sponsored By: Senator Kennedy, John [R-LA]

Introduced

Summary

Would block U.S. votes to allocate International Monetary Fund Special Drawing Rights to governments tied to genocide or state-sponsored terrorism unless Congress explicitly authorizes those allocations. It uses a 10-year genocide window and requires Secretary of State terrorism findings tied to the Export Control Reform Act, the Foreign Assistance Act, or the Arms Export Control Act.

Show full summary
  • U.S. officials and agencies would be barred from voting to approve SDR allocations under IMF Article XVIII to affected member countries unless Congress passes a law authorizing the vote.
  • Governments that committed genocide within the past 10 years or that the Secretary of State has formally determined repeatedly supported terrorism would be blocked from receiving SDR allocations via U.S. votes.
  • Congress would gain explicit authority to allow an allocation despite those findings by enacting a statute.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Ban U.S. IMF votes for dictators

If enacted, the bill would stop U.S. officials from voting to give IMF Special Drawing Rights to certain countries. The ban would apply unless Congress passes a law allowing a specific allocation vote. It would target countries that committed genocide in the 10 years before the vote. It would also target countries the Secretary of State had already determined, as of enactment, repeatedly supported terrorism.

Sponsors & CoSponsors

Sponsor

Kennedy, John [R-LA]

LA • R

Cosponsors

  • Sen. Barrasso, John [R-WY]

    WY • R

    Sponsored 3/26/2025

  • Sen. Grassley, Chuck [R-IA]

    IA • R

    Sponsored 3/26/2025

  • Sen. Scott, Rick [R-FL]

    FL • R

    Sponsored 3/26/2025

  • Sen. Blackburn, Marsha [R-TN]

    TN • R

    Sponsored 3/26/2025

  • Sen. Justice, James C. [R-WV]

    WV • R

    Sponsored 3/26/2025

  • Sen. Wicker, Roger F. [R-MS]

    MS • R

    Sponsored 4/2/2025

Roll Call Votes

No roll call votes available for this bill.

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