Turkey International Financial Institutions Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

R CorkerSponsor

5 cosponsors · 3 D, 2 R

5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

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.

What it does: CRS summary · Introduced in Senate · Jul 19, 2018

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Turkey International Financial Institutions Act

Latest action (Jul 26, 2018): Placed on Senate Legislative Calendar under General Orders. Calendar No. 531.

Policy area: International Affairs · Origin: Senate · Introduced: Jul 19, 2018

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.