HR 1764 Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.
Aligning SEC Regulations for the World Bank’s International Development Association Act
Summary
This act exempts securities issued by the International Development Association from federal securities regulations, matching the exemption given to securities of other multilateral development banks. The IDA would file annual reports with the Securities and Exchange Commission as the SEC determines appropriate. The SEC, consulting with the National Advisory Council on International Monetary and Financial Problems, may suspend this exemption at any time. The exemption takes effect 30 days after enactment unless the Treasury Secretary reports to Congress that the IDA is providing financial assistance to countries designated as state sponsors of terrorism.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Money behind the sponsor
Top reported contributors to Maxine Waters’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- GUSTAR KAPLAN NUSBAUM PLLC $9,900
- INVARIANT $8,300
- SLA WORLDWIDE $6,950
- MINDSET $6,800
- EGAN-JONES RATINGS CO. $6,600
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Maxine Waters → · Outside spending →
Actions (13)
- Jul 22, 2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
- Jul 21, 2025 Motion to reconsider laid on the table Agreed to without objection. · house
- Jul 21, 2025 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3513) · house
- Jul 21, 2025 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3513)
- Jul 21, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 1764. · house
- Jul 21, 2025 Considered under suspension of the rules. (consideration: CR H3513-3514) · house
- Jul 21, 2025 Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended. · house
- Mar 21, 2025 Placed on the Union Calendar, Calendar No. 15. · house
- Mar 21, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-25. · house
- Mar 5, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0. · house
- Mar 5, 2025 Committee Consideration and Mark-up Session Held · house
- Mar 3, 2025 Referred to the House Committee on Financial Services. · house
- Mar 3, 2025 Introduced in House
More bills on these subjects (8)
Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).
Text versions (4)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
AN 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.
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 “Aligning SEC Regulations for the World Bank’s International Development Association Act”.
SEC. 2. EXEMPTION OF SECURITIES OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION FROM THE SECURITIES LAWS.
(a) In General.—The International Development Association Act (22 U.S.C. 284 et seq.) is amended by adding at the end the following:
“SEC. 33. EXEMPTION OF SECURITIES OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION FROM THE SECURITIES LAWS.
“(a) Exemption From Securities Laws; Reports to Securities and Exchange Commission.—Any securities issued by the Association (including any guaranty by the Association, whether or not limited in scope) and any securities guaranteed by the Association as to both principal and interest shall be deemed to be exempted securities within the meaning of section 3(a)(2) of the Securities Act of 1933 (15 U.S.C. 77c(a)(2)) and section 3(a)(12) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)(12)). The Association shall file with the Securities and Exchange Commission such annual and other reports with regard to such securities as the Commission shall determine to be appropriate in view of the special character of the Association and its operations and necessary in the public interest or for the protection of investors.
“(b) Authority of Securities and Exchange Commission to Suspend Exemption; Reports to Congress.—The Securities and Exchange Commission, acting in consultation with the National Advisory Council on International Monetary and Financial Problems, is authorized to suspend the provisions of subsection (a) of this section at any time as to any or all securities issued or guaranteed by the Association during the period of such suspension. The Commission shall include in its annual reports to the Congress such information as it shall deem advisable with regard to the operations and effect of this section.”.
(b) Effective Date.—
(1) In general.—The amendment made by subsection (a) shall take effect 30 days after the date of enactment of this Act.
(2) Exception.—Notwithstanding paragraph (1), the amendment made by subsection (a) shall not take effect if, before the effective date described under paragraph (1), the Secretary of the Treasury reports to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate that the International Development Association is providing financial assistance to any country the government of which the Secretary of State has determined, for purposes of section 6(j) of the Export Administration Act of 1979, section 620A of the Foreign Assistance Act of 1961, or section 40 of the Arms Export Control Act, to be a government that has repeatedly provided support for acts of international terrorism.
Passed the House of Representatives July 21, 2025.
Attest:
Clerk. 119th CONGRESS
1st Session
H. R. 1764
AN 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.
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