Bill · H.R. 3224· House(119-HR-3224)
International Financial Institution Improvements Act of 2025
- Introduced
- 5/6/2025
- Last activity
- 5/6/2025 — Referred to the House Committee on Financial Services.
- Sponsored by
- Maxine Waters
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
The International Financial Institution Improvements Act of 2025 aims to increase the transparency and accountability of global financial institutions. It directs the United States to promote human rights, environmental standards, and social protections within multilateral development banks and the International Monetary Fund. The bill includes provisions for debt relief, increased capital for various development funds, and enhanced collaboration with civil society. Additionally, it seeks to strengthen global food security and climate change responses. Finally, it establishes new requirements for reporting on corruption, human rights abuses, and project execution.
Yes· 3 of 21
Does this make what the government does easier for the public to see?+8
The bill significantly increases transparency requirements for international financial projects and agreements.
Would LGBTQ people be better off under this?+7
The bill provides specific protections against financial support for projects in countries with human rights abuses against LGBTQ+ persons.
Does this expand the rights of LGBTQ people?+7
The bill mandates opposition to financial assistance for projects in countries engaging in human rights abuses against LGBTQ+ persons.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Transparency for Citizens: The bill requires international financial institutions to publicize project details in simple terms so citizens can understand who benefits from local activities (Sec. 101).
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Greater Civil Society Involvement: It mandates that institutions consult with civil society organizations, including those representing women, workers, and economic justice (Sec. 102).
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Debt Relief for Climate Disasters: The bill advocates for programs that allow low-income and small countries to suspend debt repayments following climate-related disasters (Sec. 301).
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Human Rights Protections: It directs the opposition of financial assistance for projects in countries engaging in human rights abuses, specifically mentioning protections for LGBTQ+ persons (Sec. 205).
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Support for Economic Development in Haiti: The bill directs the creation of a long-term economic development strategy and plan for Haiti (Sec. 207).
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Food Security and Stability: It encourages investments in projects that decrease global reliance on Russia for agricultural commodities like grain and fertilizer (Sec. 221).
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Prevention of Exploitation: It seeks to improve policies for preventing sexual exploitation and assault within multilateral development banks (Sec. 215).
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Protection of Stolen Assets: It advocates for efforts to deny safe havens for stolen assets and promote their return to legitimate owners (Sec. 211).
Potential Negative Impacts for People
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Restrictions on Private Sector Funding: The bill directs the opposition of additional funding for the International Development Association's Private Sector Window (Sec. 206).
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Potential Economic Impact of Loan Conditions: The bill seeks to reduce loan conditions that might include increasing taxes or reducing subsidies, which could impact various populations (Sec. 302).
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Financial Burdens via Surcharges: The bill requires an annual report to determine if IMF surcharges are harming a member country's ability to pay its loans (Sec. 308).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For L G B T Q Community+7Good For Low Income Households+6Good For Farmers+5Good For Women+5Good For Union Workers+4
- Social Issues And Justice
- Improves L G B T Q Rights+7Improves Poverty Reduction+6Improves Gender Equality+5
- Environment Energy And Infrastructure
- Improves Disaster Relief And F E M A+6Improves Environmental Protections+6Reduces Carbon Emissions+5
- National Security And Foreign Policy
- Increases Foreign Aid+7Improves Diplomatic Engagement+5Improves International Alliances+5
- Governance And Ideology
- Improves Government Transparency+8Improves Privacy Rights+4Increases Federal Power+3
- Economy And Finance
- Improves Economic Growth+5Improves Consumer Protection+3
- Education And Technology
- Improves Data Privacy+4
- Healthcare
- Improves Healthcare Access+4
- 5/6/2025
- Referred to the House Committee on Financial Services.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Joyce BeattyDemocrat · Ohio