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No Dollars for Dictators Act of 2025
To prohibit allocations of Special Drawing Rights at the International Monetary Fund for perpetrators of genocide and state sponsors of terrorism without congressional authorization.
Summary
This bill prohibits the United States from voting to allocate Special Drawing Rights (reserve assets created by the International Monetary Fund) to countries unless Congress specifically authorizes such action. The prohibition applies to countries whose governments have committed genocide within the past 10 years or have been designated by the State Department as state sponsors of terrorism. Special Drawing Rights are international reserve assets that IMF member countries can use in transactions with the IMF. The bill amends the Special Drawing Rights Act to require congressional approval before the U.S. can vote for SDR allocations to these restricted countries. Currently, such votes do not require individual congressional authorization.
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)
- Sen. Kennedy, John [R-LA] (R-LA)
6 cosponsors
- Sen. Barrasso, John [R-WY] (R-WY)
- Sen. Blackburn, Marsha [R-TN] (R-TN)
- Sen. Grassley, Chuck [R-IA] (R-IA)
- Sen. Justice, James C. [R-WV] (R-WV)
- Sen. Scott, Rick [R-FL] (R-FL)
- Sen. Wicker, Roger F. [R-MS] (R-MS)
Actions (2)
- Mar 26, 2025 Read twice and referred to the Committee on Foreign Relations. · senate
- Mar 26, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
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>
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