Maxine Waters (D-CA)
Aligning SEC Regulations for the World Bank’s International Development Association Act
A Democratic bill with no cosponsors
Last activity — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
In the other chamber's committee
Passed one chamber and has been handed to a committee in the other.
The committee decides whether it goes any further, and most bills that reach a committee never leave it. A committee that simply does nothing kills a bill without anyone ever voting against it, so no news from here is usually the news.
Its path through Congress
- Introduced
- Passed House voice vote
- In Senate committee
The House by voice vote (members called out yes or no together): no member's position on it was recorded.
What this bill would do
This bill, known as the "Aligning SEC Regulations for the World Bank's International Development Association Act," aims to change how securities issued by the International Development Association are treated. It seeks to grant these securities the same exemptions from securities laws that other multilateral development banks in which the United States is a member already receive. The Act would amend the International Development Association Act to include these exemptions for securities and guarantees. It also requires the Association to file annual and other reports with the Securities and Exchange Commission. Additionally, the Securities and Exchange Commission would have the authority to suspend these exemptions after consulting with a specific advisory council.
Yes· 3 of 8
- Scored +2
Is this likely to grow the economy?
By aligning securities exemptions, it may facilitate more efficient capital raising for international development.
- Scored +2
Does this send more money or help to other countries?
The bill supports the operational capacity of the IDA, a key vehicle for international development aid.
- Scored +1
Does this give people more protection from unfair business practices?
The bill mandates SEC reporting to protect investors interested in these securities.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Alignment of securities regulations: The bill seeks to accord securities issued by the International Development Association the same exemption from securities laws that applies to other multilateral development banks in which the United States is a member (Sec. 2).
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Investor protection through reporting: The Association would be required to file annual and other reports with the Securities and Exchange Commission that the Commission determines are necessary in the public interest or for the protection of investors (Sec. 2(a)).
Potential Negative Impacts for People
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Risk of funding terrorism: The amendment will not take effect if the Secretary of the Treasury reports that the International Development Association is providing financial assistance to any country that the Secretary of State has determined has repeatedly provided support for acts of international terrorism (Sec. 2(b)(2)).
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Potential suspension of exemptions: The Securities and Exchange Commission has the authority to suspend the securities law exemptions at any time after consulting with the National Advisory Council on International Monetary and Financial Problems (Sec. 2(a)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Is this likely to grow the economy? — By aligning securities exemptions, it may facilitate more efficient capital raising for international development. Does this give people more protection from unfair business practices? — The bill mandates SEC reporting to protect investors interested in these securities.
- National Security And Foreign Policy
- Does this send more money or help to other countries? — The bill supports the operational capacity of the IDA, a key vehicle for international development aid. Does this strengthen ties with allied countries? — Aligning with other multilateral development banks strengthens the effectiveness of established international institutions.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — It mandates regular reporting to the SEC and Congress regarding these operations. Does this give the federal government more power? — The bill expands SEC oversight and authority regarding the Association's securities.
- Demographic And Interest Groups
- Would households on low incomes be better off under this? — Enhanced funding for development institutions can indirectly support low-income populations globally.
- Social Issues And Justice
- Is this likely to lift people out of poverty? — Aligning regulations could help the IDA better fund development projects aimed at poverty reduction.
- 7/22/2025
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 7/21/2025
- Motion to reconsider laid on the table Agreed to without objection.
- Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3513)
- On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3513)
- DEBATE - The House proceeded with forty minutes of debate on H.R. 1764.
- Considered under suspension of the rules. (consideration: CR H3513-3514)
- Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- 3/21/2025
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-25.
- Placed on the Union Calendar, Calendar No. 15.
- 3/5/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0.
- 3/3/2025
- Referred to the House Committee on Financial Services.
- Introduced in House