In committee
No New Burma Funds Act
This bill directs U.S. representatives at the World Bank to vote against releasing funds or approving new loans for the government of Burma (Myanmar). It maintains a freeze on international development financing that was put in place after Burma's military seized power in a 2021 coup. The funding freeze would continue unless the U.S. Secretary of the Treasury determines that lifting it serves U.S. national interests.
People affected—Not determinable from the text provided; the bill governs diplomatic and multilateral voting instructions directed at the U.S. representative to the World Bank.
Fiscal magnitude—Not determinable from the text provided; the bill authorizes no appropriations and mandates no direct spending or fees.
Reach14provisional · pending reviewrigor: heuristic llm
What this bill touches.
Aid & alliances−12
Who it helps · who it burdens.
Who it burdens
- U.S. Executive Director at the International Bank for Reconstruction and DevelopmentDirects the Secretary of the Treasury to instruct the U.S. Executive Director to vote and advocate to continue pausing World Bank loan disbursements and new financing commitments to Burma, unless waived for national interest.
Who opposes it
- Government of BurmaDirectly targeted to be blocked from receiving World Bank fund disbursements and new financing commitments through U.S. voting and advocacy.
The provisions, in plain language.
Directs the U.S. representative at the World Bank to vote and advocate to maintain the pause on fund disbursements and new loan commitments to the government of Burma, unless the Treasury Secretary determines doing so is not in the national interest.