No Dollars for Dictators Act of 2025

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1153 Introduced in Senate (IS)]

<DOC>






119th CONGRESS
  1st Session
                                S. 1153

To prohibit allocations of Special Drawing Rights at the International 
   Monetary Fund for perpetrators of genocide and state sponsors of 
             terrorism without congressional authorization.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 26, 2025

  Mr. Kennedy (for himself, Mr. Barrasso, Mr. Grassley, Mr. Scott of 
  Florida, Mrs. Blackburn, and Mr. Justice) introduced the following 
  bill; which was read twice and referred to the Committee on Foreign 
                               Relations

_______________________________________________________________________

                                 A BILL


 
To prohibit allocations of Special Drawing Rights at the International 
   Monetary Fund for perpetrators of genocide and state sponsors of 
             terrorism without congressional authorization.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``No Dollars for Dictators Act of 
2025''.

SEC. 2. PROHIBITION ON ALLOCATIONS OF SPECIAL DRAWING RIGHTS AT 
              INTERNATIONAL MONETARY FUND FOR PERPETRATORS OF GENOCIDE 
              AND STATE SPONSORS OF TERRORISM WITHOUT CONGRESSIONAL 
              AUTHORIZATION.

    Section 6 of the Special Drawing Rights Act (22 U.S.C. 286q) is 
amended by adding at the end the following:
    ``(c) Unless Congress by law authorizes such action, neither the 
President nor any person or agency shall on behalf of the United States 
vote to allocate Special Drawing Rights under article XVIII, sections 2 
and 3, of the Articles of Agreement of the Fund to a member country of 
the Fund, if the government of the member country has--
            ``(1) committed genocide at any time during the 10-year 
        period ending with the date of the vote; or
            ``(2) been determined by the Secretary of State, as of the 
        date of the enactment of the No Dollars for Dictators Act of 
        2025, to have repeatedly provided support for acts of 
        international terrorism, for purposes of--
                    ``(A) section 1754(c)(1)(A)(i) of the Export 
                Control Reform Act of 2018 (50 U.S.C. 
                4813(c)(1)(A)(i));
                    ``(B) section 620A of the Foreign Assistance Act of 
                1961 (22 U.S.C. 2371);
                    ``(C) section 40(d) of the Arms Export Control Act 
                (22 U.S.C. 2780(d)); or
                    ``(D) any other provision of law.''.
                                 <all>