Bill Sponsor
Senate Bill 3248
115th Congress(2017-2018)
Turkey International Financial Institutions Act
Introduced
Introduced
Introduced in Senate on Jul 19, 2018
Overview
Text
Sponsor
Introduced
Jul 19, 2018
Latest Action
Jul 26, 2018
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3248
Congress
115
Policy Area
International Affairs
International Affairs
Primary focus of measure is matters affecting foreign aid, human rights, international law and organizations; national governance; arms control; diplomacy and foreign officials; alliances and collective security. Measures concerning trade agreements, tariffs, foreign investments, and foreign loans may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Tennessee
Democrat
New Hampshire
Democrat
New Jersey
Republican
North Carolina
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Turkey International Financial Institutions Act

This bill requires the Department of the Treasury to:

  • oppose the extension by the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development of loans or financial or technical assistance to Turkey or to any entity for a project in Turkey, and
  • work with other donor countries to develop a lending policy with Turkey that advances human rights.

Treasury may waive the IFC restriction for projects to diversify Turkey's energy resources and lessen its dependence on Russian or Iranian oil or gas.

Such restrictions:

  • shall terminate after the President certifies to Congress that Turkey is no longer arbitrarily detaining or denying freedom of movement to U.S. citizens (including dual citizens) or locally employed staff of the U.S. mission to Turkey, and
  • shall not apply to loans or financial or technical assistance for humanitarian purposes.
Text (2)
July 26, 2018
Actions (5)
07/26/2018
Placed on Senate Legislative Calendar under General Orders. Calendar No. 531.
07/26/2018
Committee on Foreign Relations. Reported by Senator Corker without amendment. Without written report.
07/26/2018
Committee on Foreign Relations. Ordered to be reported without amendment favorably.
07/19/2018
Read twice and referred to the Committee on Foreign Relations.
07/19/2018
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:41:48 PM