,,ii #aagth ,,congress #ast ,session ,s4 #baji ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,june #ag1 #bjba,mr4 ,kennedy introduced the following bill2 which was read twice and referred to the ,committee on ,foreign ,relations ,a ,,bill ,to prohibit allocations of ,special ,drawing ,rights at the ,international ,monetary ,fund for perpetrators of genocide and state sponsors of terrorism without congressional authorization4 #a4 ,short title ,this ,act may be cited as the ,no ,dollars for ,dictators ,act of #bjba4 #b4 ,findings ,congress makes the following findings3 7#a7 ,the ,president has agreed to a general allocation of ,special ,drawing ,rights at the ,international ,monetary ,fund totaling #fej1jjj1jjj1jjj without consent from ,congress4 7#b7 ,special ,drawing ,rights are distributed according to a country's economic standing in the global economy1 allowing the wealthiest countries in the world to receive the most ,special ,drawing ,rights of all members of the ,international ,monetary ,fund4 7#c7 ,the ,president's justification for supporting the proposed allocation is to allow low-income countries to exchange their ,special ,drawing ,rights for currency to fund efforts to combat the ,,covid-#ai pandemic4 7#d7 ,under the proposed allocation of #fej1jjj1jjj1jjj ,special ,drawing ,rights-- 7,a7 ,group of ,twenty countries1 the largest economies in the world1 would receive the bulk of the ,special ,drawing ,rights1 totaling #dbf1jjj1jjj1jjj2 and 7,b7 only #c percent1 or #ba1jjj1jjj1jjj1 would be given to the intended recipients1 the poorest countries in the world4 7#e7 ,the ,president recommends a ,special ,drawing ,rights allocation that sends tens of billions of dollars in aid to dictators1 including ,xi ,jinping1 ,vladimir ,putin1 ,hassan ,rouhani1 ,bashar al-,assad1 and ,nicols ,maduro4 7#f7 ,under the proposed allocation1 the ,people's ,republic of ,china1 a known perpetrator of genocide1 stands to receive #bb1jjj1jjj1jjj1 which is more than the #ba1jjj1jjj1jjj all the poorest countries combined will receive4 7#g7 ,countries designated as state sponsors of terrorism would also receive ,special ,drawing ,rights1 with #c1ejj1jjj1jjj going to ,iran and #ijj1jjj1jjj going to ,syria4 7#h7 ,the notion that ,special ,drawing ,rights are a no-cost way to help poor countries procure ,,covid-#ai vaccines is demonstrably false1 and further would require the ,united ,states to issue debt and pay interest on that debt in order to cover the loans issued through ,special ,drawing ,rights4 7#i7 ,on ,march #bd1 #bjba1 the ,secretary of the ,treasury1 ,janet ,yellen1 acknowledged that a ,special ,drawing ,rights allocation comes at a cost to the ,united ,states taxpayer1 as the ,united ,states is financially responsible for exchanging ,united ,states dollars in return for ,special ,drawing ,rights presented to the ,united ,states4 7#aj7 ,it is the duty of ,congress to decide how taxpayer dollars are used and whether or not ,united ,states dollars should be exchanged for ,special ,drawing ,rights that will be awarded to dictators and countries that actively oppose the national interests of the ,united ,states4 #c4 ,prohibition on allocations of ,special ,drawing ,rights at ,international ,monetary ,fund for perpetrators of genocide and state sponsors of terrorism without congressional authorization ,section #f7;b7 of the ,special ,drawing ,rights ,act 7#bb ,u4,s4,c4 #bhfq7b77 is amended by adding at the end the following3 7#c7 ,unless ,congress by law authorizes such action1 neither the ,president nor any person or agency shall on behalf of the ,united ,states vote to allocate ,special ,drawing ,rights under article ,,xviii1 sections #b and #c1 of the ,articles of ,agreement of the ,fund to a member country of the ,fund1 if the government of the member country has-- 7,a7 committed genocide at any time during the #aj-year period ending with the date of the vote2 or 7,b7 been determined by the ,secretary of ,state1 as of the date of the enactment of the ,no ,dollars for ,dictators ,act of #bjba1 to have repeatedly provided support for acts of international terrorism1 for purposes of-- 7i7 section #aged7;c77#a77;,a77i7 of the ,export ,control ,reform ,act of #bjah 7#ej ,u4,s4,c4 #dhac7;c77#a77;,a77i772 7ii7 section #fbj;,a of the ,foreign ,assistance ,act of #aifa 7#bb ,u4,s4,c4 #bcga72 7iii7 section #dj7;d7 of the ,arms ,export ,control ,act 7#bb ,u4,s4,c4 #bghj7;d772 or 7iv7 any other provision of law4 4