Bill · S. 4617· Senate(119-S-4617)
Exchange Stabilization Fund Transparency Act
- Introduced
- 5/21/2026
- Last activity
- 5/21/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Jeanne Shaheen
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
The Exchange Stabilization Fund Transparency Act aims to increase oversight of the Department of the Treasury. It requires the Secretary of the Treasury to notify specific congressional committees before providing financial assistance to foreign entities or governments using the Exchange Stabilization Fund. This assistance includes things like currency swap lines or purchasing foreign debt. The bill mandates detailed descriptions of the assistance, the national interest reasons for it, and risk assessments. It also requires briefings to Congress and a retroactive report on past assistance provided over the last four years.
Yes· 3 of 5
Does this make what the government does easier for the public to see?+5
The bill mandates detailed notifications, briefings to Congress, and a retroactive report on past financial assistance to foreign entities.
Does this make the government pay for what it commits to?+3
The bill requires risk assessments and detailed justifications to protect United States taxpayer resources when using the Exchange stabilization fund.
Does this reduce what the federal government spends?+2
The bill increases oversight of the Exchange Stabilization Fund, which may prevent unnecessary or unvetted financial assistance to foreign entities.
The opposite
Does this send more money or help to other countries?-2
The bill adds new notification and reporting requirements that could slow or complicate the provision of financial assistance to foreign countries.
Does this give the federal government more power?-1
The bill shifts more control toward congressional oversight of executive branch financial decisions regarding the Exchange Stabilization Fund.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Oversight of Foreign Aid: The bill requires the Secretary of the Treasury to submit a notification to appropriate committees at least 24 hours before committing funds to a foreign entity or government (Section 3(a)). This ensures Congress is notified of how the Exchange Stabilization Fund is being used to aid foreign countries.
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Detailed Financial Justification: The Secretary must provide a detailed description of the assistance, including the amount, duration, and specific terms (Section 3(b)(1)). This could provide clarity on how funds are being utilized.
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Assessment of National Interest: The bill requires an explanation of why providing assistance advances the national interests of the United States (Section 3(b)(2)). This includes assessing the impact of not providing the assistance.
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Protection of Resources: The notification process must include a description of any safeguards put in place to protect United States taxpayer resources (Section 3(b)(10)).
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Historical Accountability: The Act requires a report covering instances where assistance was provided during the four-year period preceding the Act's enactment (Section 3(f)). This provides a look back at past uses of the fund.
Potential Negative Impacts for People
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Information Delays: If certain information is not available at the time of notification, the Secretary has up to 14 days to provide an estimate of when that information will be available (Section 3(b)(11)).
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Classified Information Limitations: While the required information must be submitted in unclassified form, it may include a classified annex if an explanation is provided, which may limit the amount of information available to the general public (Section 3(d)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Fiscal Responsibility+3Reduces Government Spending+2
- Governance And Ideology
- Improves Government Transparency+5Increases Federal Power-1
- Demographic And Interest Groups
- Good For Low Income Households+1Good For Middle Class Households+1
- National Security And Foreign Policy
- Increases Foreign Aid-2
- 5/21/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
Chuck GrassleyRepublican · Iowa