S. 2965 · 119th Congress
No Argentina Bailout Act
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D
WarrenSponsor19 cosponsors · 18 D, 1 I
D
Booker
RG
D
Gallego
TK
D
Kaine
TS
D
Smith
CV
D
Van Hollen
BS
I
Sanders
PW
D
Welch
MH
D
Hirono
BS
D
Schatz
CC
D
Cortez Masto
AK
D
Kim
JR
D
Reed
CS
D
Schumer
AA
D
Alsobrooks
TD
D
Duckworth
MH
D
Heinrich
JR
D
Rosen
AS
D
Schiff
RW
D
Warnock5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill prohibits the use of the Exchange Stabilization Fund (ESF) to provide financial support to Argentina. (The ESF is an emergency reserve fund of the Department of the Treasury originally used for the purpose of maintaining the fixed dollar exchange rate. In October 2025, Treasury announced U.S.
What it does: CRS summary · Introduced in Senate · Oct 1, 2025
No Argentina Bailout Act
This bill prohibits the use of the Exchange Stabilization Fund (ESF) to provide financial support to Argentina. (The ESF is an emergency reserve fund of the Department of the Treasury originally used for the purpose of maintaining the fixed dollar exchange rate. In October 2025, Treasury announced U.S. financial support for Argentina, including a $20 billion currency swap line financed through the ESF.)
Specifically, the bill prohibits the use of the ESF to provide direct or indirect financial support to Argentina, including through the establishment of currency swap lines, the purchase of pesos or sovereign debt of Argentina, or the extension of any credit instrument. This prohibition terminates on December 10, 2027.
Any financial contract or instrument that was entered into before the bill's enactment and violates the prohibition must be sold or terminated within seven days of the bill's enactment.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: No Argentina Bailout Act
Latest action (Oct 1, 2025): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Foreign Trade and International Finance · Origin: Senate · Introduced: Oct 1, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.