,i #aah? ,,congress #a/ ,session ,h4 ,r4 #fje ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,janu>y #bg1 #bjbc,mr4 ,hill 7= himself1 ,mr4 ,b>r1 & ,mr4 ,huiz5ga7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to am5d ! ,special ,draw+ ,rights ,act 9 ord] to /r5g!n congressional ov]sight ) respect to allocations ( ,special ,draw+ ,rights by ! ,int]national ,monet>y ,fund1 & to prohibit su* allocations = p]petrators ( g5ocide & /ate sponsors ( t]rorism )\t congressional au?orization1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,special ,draw+ ,rights ,ov]sight ,act ( #bjbc4 #b4 ,f9d+s ,! ,congress f9ds z foll[s3 7#a7 ,! allocation ( ,special ,draw+ ,rights 7,s,d,rs7 ?r\gh ! ,int]national ,monet>y ,fund 7,,imf7 creates unconditional liquidity = ,,imf memb] c\ntries4 7#b7 ,accord+ to article ,,xviii ( ! ,articles ( ,agreem5t ( ! ,,imf1 allocations ( ,s,d,rs %all seek to meet ! long-t]m global ne$ 9 res]ve assets4 7#c7 ,s,d,rs are allocat$ 9 proportion to ! quotas ( ,,imf memb]s1 su* t ! ,g#bj alone is entitl$ to approximately two-?irds ( a g5]al allocation4 ,at ! same "t1 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em has swap l9e arrangem5ts ) ! c5tral banks ( eight ,g#bj memb]s1 includ+ ! ,european ,c5tral ,bank1 ! ,bank ( ,japan1 & ! ,bank ( ,engl&1 = ! purpose ( provid+ suffici5t liquidity4 7#d7 ,! size ( ,,sdr allocations has exp&$ dramatically1 ris+ f #i1cjj1jjj1jjj ,s,d,rs 9 #aigj-aigb1 to #ab1ajj1jjj1jjj ,s,d,rs 9 #aigi-aiha1 to #bjd1jjj1jjj1jjj ,s,d,rs 9 #bjji1 ) proposals = a new1 unilat]al allocation t bypasses congressional au?orization 9 an am\nt ( approximately #dej1jjj1jjj1jjj ,s,d,rs4 7#e7 ,"u curr5t law1 ! ,secret>y ( ! ,treasury is able to bypass ,congress & approve an allocation ( ,s,d,rs 9 a mann] t provides unconditional liquidity 9 ! foll[+ approximate am\nts3 #da1gjj1jjj1jjj to ! ,p's ,republic ( ,*9a2 #ag1fjj1jjj1jjj to ! ,russian ,f$]ation2 #d1ijj1jjj1jjj to ! ,islamic ,republic ( ,iran1 & #e1jjj1jjj1jjj to ,v5ezuela4 ,9 addition1 curr5t law p]mits allocations 9 ^! am\nts to be made 9 successive ye>s t span two basic p]iods4 7#f7 ,9 ! #ih? ,congress1 ! ,h\se ( ,repres5tatives pass$ ! bip>tisan ,int]national ,recov]y & ,f9ancial ,/ability ,act1 :i* w\ld h prohibit$ new allocations ( ,s,d,rs )\t congressional au?orization4 #c4 ,/r5g!n+ congressional ov]sight ,section #f ( ! ,special ,draw+ ,rights ,act 7#bb ,u4,s4,c4 #bhfq7 is am5d$-- 7#a7 9 subsection 7a7-- 7,a7 by /rik+ ea* basic p]iod & ins]t+ any #aj-ye> p]iod2 & 7,b7 by ins]t+ #be p]c5t ( be=e ! ,unit$ ,/ates quota2 & 7#b7 9 subsection 7b7-- 7,a7 by ins]t+ 1 or cons5t to or acquiesce 9 su* an allocation1 be=e )\t consultations2 7,b7 by /rik+ #ij & ins]t+ #ahj2 & 7,c7 by ins]t+ ,*airman & rank+ m9ority memb]s ( be=e ! appropriate subcommittees4 #d4 ,prohibition on allocations = p]petrators ( g5ocide & /ate sponsors ( t]rorism )\t congressional au?orization ,section #f7;b7 ( ! ,special ,draw+ ,rights ,act 7#bb ,u4,s4,c4 #bhfq7b77 is am5d$ by add+ at ! end ! foll[+3 7#c7 ,unless ,congress by law au?orizes su* action1 nei!r ! ,presid5t nor any p]son or ag5cy %all on behalf ( ! ,unit$ ,/ates vote to allocate ,special ,draw+ ,rights "u article ,,xviii1 sections #b & #c1 ( ! ,articles ( ,agreem5t ( ! ,fund to a memb] c\ntry ( ! ,fund1 if ! ,presid5t ( ! ,unit$ ,/ates has f\nd t ! gov]nm5t ( ! memb] c\ntry-- 7,a7 has committ$ g5ocide at any "t dur+ ! #aj-ye> p]iod end+ ) ! date ( ! vote2 or 7,b7 has repeat$ly provid$ support = acts ( int]national t]rorism4 4