,,ii #aagth ,,congress #ast ,session ,s4 #fg ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,january #bg1 #bjba,mr4 ,durbin 7for himself1 ,mr4 ,sanders1 ,mr4 ,reed1 ,mr4 ,cardin1 ,mr4 ,merkley1 and ,mr4 ,leahy7 introduced the following bill2 which was read twice and referred to the ,committee on ,foreign ,relations ,a ,,bill ,to support efforts by international financial institutions to provide a robust global response to the ,,covid-#ai pandemic4 #a4 ,short title ,this ,act may be cited as the ,support for ,global ,financial ,institution ,pandemic ,response ,act of #bjba4 #b4 ,support for a robust global response to the ,,covid-#ai pandemic 7a7 ,united ,states policies at the international financial institutions 7#a7 ,in general ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director of each international financial institution 7as defined in section #agja7;c77#b7 of the ,international ,financial ,institutions ,act 7#bb ,u4,s4,c4 #bfbr7c77#b77 to use the voice and vote of the ,united ,states at that institution-- 7,a7 to seek to ensure adequate fiscal space for world economies in response to the global coronavirus disease #bjai 7commonly referred to as ,,covid-#ai7 pandemic through-- 7i7 the suspension of all debt service payments to the institution2 and 7ii7 the relaxation of fiscal targets for any government operating a program supported by the institution1 or seeking financing from the institution1 in response to the pandemic2 7,b7 to oppose any loan1 grant1 document1 or strategy that would lead to a decrease in health care spending or in any other spending that would impede the ability of any country to prevent or contain the spread of1 or treat persons who are or may be infected with1 the ,,sars-,co,v-#b virus2 and 7,c7 to require approval of all ,special ,drawing ,rights allocation transfers from wealthier member countries to countries that are emerging markets or developing countries1 based on confirmation of implementable transparency mechanisms or protocols to ensure the allocations are used for the public good and in response the global pandemic4 7#b7 ,report required ,the ,chairman of the ,national ,advisory ,council on ,international ,monetary and ,financial ,policies shall include in the annual report required by section #agja of the ,international ,financial ,institutions ,act 7#bb ,u4,s4,c4 #bfbr7 a description of progress made toward advancing the policies described in paragraph 7#a74 7b7 ,,imf issuance of special drawing rights 7#a7 ,united ,states support for issuance ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director of the ,international ,monetary ,fund to use the voice and vote of the ,united ,states to support the issuance of a special allocation of not less than #b1jjj1jjj1jjj1jjj ,special ,drawing ,rights so that governments are able to access additional resources to finance their responses to the global ,,covid-#ai pandemic4 7#b7 ,authorization to vote for allocation ,notwithstanding section #f7;a7 of the ,special ,drawing ,rights ,act 7#bb ,u4,s4,c4 #bhfq7a771 the ,united ,states ,governor of the ,international ,monetary ,fund may vote to allocate up to #b1jjj1jjj1jjj1jjj ,special ,drawing ,rights under article ,,xviii of the ,articles of ,agreement of the ,international ,monetary ,fund4 7c7 ,termination ,subsections 7a7 and 7b7 shall have no force or effect after the earlier of-- 7#a7 the date that is one year after the date of the enactment of this ,act2 or 7#b7 the date that is #cj days after the date on which the ,secretary of the ,treasury1 in consultation with the ,secretary of ,health and ,human ,services and the heads of other relevant ,federal agencies1 submits to the ,committee on ,foreign ,relations of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives a report stating that the ,,sars-,co,v-#b virus is no longer a serious threat to public health in any part of the world4