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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - Senate

Short Title(s) as Introduced

Support for Global Financial Institution Pandemic Response Act of 2021

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to support efforts by international financial institutions to provide a robust global response to the COVID-19 pandemic.


Actions Overview (1)

Date Actions Overview
01/27/2021Introduced in Senate

All Actions (1)

Date All Actions
01/27/2021Read twice and referred to the Committee on Foreign Relations. (text: CR S177-178)
Action By: Senate

Cosponsors (6)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Sanders, Bernard [I-VT]* 01/27/2021
Sen. Reed, Jack [D-RI]* 01/27/2021
Sen. Cardin, Benjamin L. [D-MD]* 01/27/2021
Sen. Merkley, Jeff [D-OR]* 01/27/2021
Sen. Leahy, Patrick J. [D-VT]* 01/27/2021
Sen. Wyden, Ron [D-OR] 02/02/2021

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
Senate Foreign Relations01/27/2021 Referred to

As of 05/06/2021 no related bill information has been received for S.67 - Support for Global Financial Institution Pandemic Response Act of 2021


Latest Summary (1)

There is one summary for S.67. View summaries

Shown Here:
Introduced in Senate (01/27/2021)

Support for Global Financial Institution Pandemic Response Act of 2021

This bill requires each U.S. Executive Director at an international financial institution to take certain actions in support of the global response to COVID-19 (i.e., coronavirus disease 2019).

Specifically, each U.S. Executive Director at an international financial institution (e.g., the International Bank for Reconstruction and Development or the International Finance Corporation) must

  • seek the suspension of debt service payments to the institution and the relaxation of fiscal targets for certain programs,
  • oppose programs or loan agreements that would reduce countries' health care spending or other spending related to their responses to COVID-19, and
  • require approval of all Special Drawing Rights (a currency support tool) allocation transfers from wealthier member countries to countries that are emerging or developing to ensure the allocations are used for the public good and in response to the global pandemic.

Further, the U.S. Executive Director at the International Monetary Fund must support the issuance of Special Drawing Rights so that governments may access additional resources to finance their responses to COVID-19.