118th Congress · HOUSE BILLBILL

H.R. 1161 — Aligning SEC Regulations for the World Bank’s International Development Association Act

“To accord securities issued by the International Development Association the same exemption from the securities laws that applies to the securities of other multilateral development banks in which the United States is a member.”

Finance and financial sector

Introduced Feb 24, 2023

Last action Dec 1, 2023

Pipeline · Bill → Law

Step 1

Introduced

Feb 24, 2023

Step 2

Referred

Feb 24, 2023

Financial Services

Step 3

Committee

Feb 28, 2023

Reported out

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill exempts from securities regulations any securities issued by the International Development Association of the World Bank. The association provides loans and grants to developing countries. The Securities and Exchange Commission may suspend this exemption at any time.

Provisions · 2 sectionsReported to House

Timeline · 6 actions

Dec 1, 2023

Reported (Amended) by the Committee on Financial Services. H. Rept. 118-289.

Dec 1, 2023

Placed on the Union Calendar, Calendar No. 233.

Feb 28, 2023

Committee Consideration and Mark-up Session Held.

Feb 28, 2023

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 38 - 0.

Feb 24, 2023

Introduced in House

Feb 24, 2023

Referred to the House Committee on Financial Services.