# 119-s-4617: Exchange Stabilization Fund Transparency Act

119-s-4617, Exchange Stabilization Fund Transparency Act, is a 119th Congress bill sponsored by Sen. Shaheen, Jeanne [D-NH] (D-NH); status introduced; PRIA reads it as touching household money (as of 2026-06-12).

- Canonical: https://policyrisk.com/legislation/119-s-4617
- As of: 2026-06-12
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4617
- Congress: 119
- Title: Exchange Stabilization Fund Transparency Act
- Status: introduced
- Introduced: 2026-05-21
- Sponsor: Sen. Shaheen, Jeanne [D-NH] (D-NH)
- Cosponsors: 1
- Policy area: International Affairs
- Touches household money: yes
- Last recorded action: 2026-06-12

## Summary

**Transparency and oversight** over the Treasury's Exchange Stabilization Fund (ETF) use for foreign governments and entities is the bill's core aim. It would force far earlier and fuller congressional notice, more written updates, and prompt briefings on any ETF assistance to a foreign country or entity. - Congress would get faster, fuller notifications and briefings. Designated committees must receive a pre-commitment notice at least 24 hours before assistance, a briefing within 7 days of a commitment, and a retroactive report covering the prior 4 years within 30 days of enactment. The Senate Foreign Relations and House Foreign Affairs Committees must also receive disclosures. - The Treasury would have a detailed disclosure checklist. Notices would, to the extent available, list the nature, amount, duration, and terms of assistance; why it advances U.S. interests; engagements with the IMF and partners; risk assessments; impact on ETF reserves; repayment likelihood; conditions; and other safeguards. Missing items must be provided in writing within 14 days or once $500 million has been used. - Foreign recipients and U.S. taxpayers would face more documented scrutiny. Decisions would require repayment assessments, stated conditions, and descriptions of safeguards, with information provided in unclassified form when possible and a classified annex only if needed.

## Cosponsors (1)

- Sen. Grassley, Chuck [R-IA] (R-IA), 2026-05-21T00:00:00.000Z

## Provisions PRIA read

- More Treasury transparency for foreign aid: benefit, medium. This bill would require the Treasury to tell key congressional committees at least 24 hours before using the Exchange Stabilization Fund for foreign assistance. Notices would be unclassified, with a classified annex allowed if needed. Notices would, when available, list the amount, terms, duration,…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-2904: SHADOW Fleet Sanctions Act of 2026
- 119-s-2355: Patients Deserve Price Tags Act
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026
- 119-s-4189: INSULIN Act of 2026

## Sources
- [119-s-4617 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4617)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-2904: SHADOW Fleet Sanctions Act of 2026](https://policyrisk.com/legislation/119-s-2904)
- [119-s-2355: Patients Deserve Price Tags Act](https://policyrisk.com/legislation/119-s-2355)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026](https://policyrisk.com/legislation/119-s-5025)
- [119-s-4189: INSULIN Act of 2026](https://policyrisk.com/legislation/119-s-4189)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4617 (as of 2026-06-12).