To continue the pause on disbursements and new financing commitments to the Government of Burma.
No New Burma Funds Act
This bill requires the U.S. Executive Director at the International Bank for Reconstruction and Development (IBRD) to advocate and vote for a continued pause on IBRD disbursements and new financing commitments to Burma unless the Department of the Treasury determines this is not in the national interest.
The IBRD is one of the two major lending facilities of the World Bank and provides loans, guarantees, risk management products, and advisory services to middle-income countries and some creditworthy low-income countries. The World Bank paused disbursements and new financing to Burma after a 2021 military coup in that country.
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held
Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 0.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-245.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-245.
Placed on the Union Calendar, Calendar No. 202.
Mr. Davidson moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H4945-4947)
DEBATE - The House proceeded with forty minutes of debate on H.R. 4423.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
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Considered as unfinished business. (text: CR H4954-4955)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 385 - 0 (Roll no. 307). (text: CR H4945)
Roll Call #307 (House)On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 385 - 0 (Roll no. 307). (text: CR H4945)
Roll Call #307 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.