H.R. 1764

Summary

H.R. 1764, the Aligning SEC Regulations for the World Bank’s International Development Association Act, was introduced in the House on Mar 3, 2025 by Rep. Maxine Waters (D). It was referred to Banking, Housing, And Urban Affairs, and last saw action on Jul 22, 2025: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Record

Text

H.R. 1764 has no co-sponsors and has not gone to a roll call.

119 HR 1764 EH: Aligning SEC Regulations for the World Bank’s International Development Association Act
 U.S. House of Representatives
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 IB
 119th CONGRESS  1st Session
 H. R. 1764
 IN THE HOUSE OF REPRESENTATIVES
 AN ACT
To accord securities issued by the International Development Association the same exemption from the securities laws that applies to the securities of other multilateral development banks in which the United States is a member.
1.
Short title
This Act may be cited as the   Aligning SEC Regulations for the World Bank’s International Development Association Act  .
2.
Exemption of securities of the International Development Association from the securities laws
(a)
In general
The International Development Association Act ( 22 U.S.C. 284 et seq. ) is amended by adding at the end the following:
33.
Exemption of securities of the International Development Association from the securities laws
(a)
Exemption from securities laws; reports to Securities and Exchange Commission
Any securities issued by the Association (including any guaranty by the Association, whether or not limited in scope) and any securities guaranteed by the Association as to both principal and interest shall be deemed to be exempted securities within the meaning of section 3(a)(2) of the Securities Act of 1933 ( 15 U.S.C. 77c(a)(2) ) and section 3(a)(12) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a)(12) ). The Association shall file with the Securities and Exchange Commission such annual and other reports with regard to such securities as the Commission shall determine to be appropriate in view of the special character of the Association and its operations and necessary in the public interest or for the protection of investors.
(b)
Authority of Securities and Exchange Commission to suspend exemption; reports to Congress
The Securities and Exchange Commission, acting in consultation with the National Advisory Council on International Monetary and Financial Problems, is authorized to suspend the provisions of subsection (a) of this section at any time as to any or all securities issued or guaranteed by the Association during the period of such suspension. The Commission shall include in its annual reports to the Congress such information as it shall deem advisable with regard to the operations and effect of this section.
 .
(b)
Effective date
(1)
In general
The amendment made by subsection (a) shall take effect 30 days after the date of enactment of this Act.
(2)
Exception
Notwithstanding paragraph (1), the amendment made by subsection (a) shall not take effect if, before the effective date described under paragraph (1), the Secretary of the Treasury reports to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate that the International Development Association is providing financial assistance to any country the government of which the Secretary of State has determined, for purposes of section 6(j) of the Export Administration Act of 1979, section 620A of the Foreign Assistance Act of 1961, or section 40 of the Arms Export Control Act, to be a government that has repeatedly provided support for acts of international terrorism.
     Passed the House of Representatives July 21, 2025.  Kevin F. McCumber,  Clerk.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Sponsors

Rep. Maxine Waters (D) sponsors H.R. 1764 alone.

Maxine Waters

Rep. · D–CA-43 · Sponsor

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Committees

H.R. 1764 went before 2 committees: Banking, Housing, and Urban Affairs and Financial Services.

Banking, Housing, and Urban Affairs

Banking, Housing, and Urban Affairs

Referred To · Jul 22, 2025 · 465 Bills

Financial Services

Financial Services

Reported By · Mar 21, 2025 · 559 Bills

Reports

1 committee report has been filed on H.R. 1764, the latest H. Rept. 119-25.

• H. Rept. 119-25 — ALIGNING SEC REGULATIONS FOR THE WORLD BANK'S INTERNATIONAL DEVELOPMENT ASSOCIATION ACT

Actions

H.R. 1764 has taken 13 actions since Mar 3, 2025, the latest on Jul 22, 2025.

Votes

H.R. 1764 has not gone to a roll call.

Titles

H.R. 1764 goes by 7 titles, 4 of them short titles.

• To accord securities issued by the International Development Association the same exemption from the securities laws that applies to the securities of other multilateral development banks in which the United States is a member. — Official Titles from EH (Engrossed in House) bill text
• Aligning SEC Regulations for the World Bank’s International Development Association Act — Short Titles from RFS (Referred to Senate) bill text
• Aligning SEC Regulations for the World Bank’s International Development Association Act — Display Title
• Aligning SEC Regulations for the World Bank’s International Development Association Act — Short Title(s) as Passed House
• Aligning SEC Regulations for the World Bank’s International Development Association Act — Short Title(s) as Reported to House
• Aligning SEC Regulations for the World Bank’s International Development Association Act — Short Title(s) as Introduced
• To accord securities issued by the International Development Association the same exemption from the securities laws that applies to the securities of other multilateral development banks in which the United States is a member. — Official Title as Introduced

Cost estimate

The Congressional Budget Office has filed 1 estimate for H.R. 1764, the latest on Apr 7, 2025.

• H.R. 1764, Aligning SEC Regulations for the World Bank’s International Development Association Act — 2025-04-07As reported by the House Committee on Financial Services on March 21, 2025

Lobbying

1 client hired 1 firm and 4 registered lobbyists who named H.R. 1764 in 1 quarterly filing, 2025. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Banking, Defense, Education, Foreign Relations, Homeland Security, Intelligence, Science/Technology.

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files H.R. 1764 under Finance and Financial Sector, one of its 31 policy areas, and gives it 4 legislative subjects.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 1764’s is Finance and Financial Sector.

Legislative Subjects

H.R. 1764 carries 4 of CRS’s legislative subjects, from Banking and financial institutions regulation to Securities and Exchange Commission (SEC).

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 1764, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 40 (Monday, March 3, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. WATERS:H.R. 1764.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, clause 3 provides Congress with thepower to ``regulate commerce with foreign nations, and amongthe several states, and with the Indian tribes.''[Page H945]

Source: congress.gov · legiscan.com