Special Drawing Rights Oversight Act

I 117TH CONGRESS 1ST SESSION H. R. 1513 To require that all Special Drawing Rights allocations be authorized by Congress in law. IN THE HOUSE OF REPRESENTATIVES MARCH 2, 2021 Mr. PERRY introduced the following bill; which was referred to the Committee on Financial Services A BILL To require that all Special Drawing Rights allocations be authorized by Congress in law. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Special Drawing 4 Rights Oversight Act’’. 5 VerDate Sep 11 2014 03:36 Apr 17, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1513.IH H1513 pbinns on DSKJLVW7X2PROD with BILLS 2 •HR 1513 IH SEC. 2. CONGRESSIONAL APPROVAL REQUIRED FOR ALL 1 ALLOCATIONS OF SPECIAL DRAWING RIGHTS. 2 Section 6(a) of the Special Drawing Rights Act (22 3 U.S.C. 286q(a)) is amended by striking ‘‘so that alloca- 4 tions’’ and all that follows and inserting a period. 5 Æ VerDate Sep 11 2014 03:36 Apr 17, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H1513.IH H1513 pbinns on DSKJLVW7X2PROD with BILLS