H.R. 1764 · Where this bill is now
In the Senate
Passed the House Jul 21, 2025. Received Jul 22, 2025; no Senate vote yet
What this bill does
In plain words · AI-written from the official summaryExempts World Bank development loans from securities rules
The bill removes certain securities regulations that would normally apply to financial products issued by the International Development Association, a part of the World Bank that gives loans and grants to developing countries. The Securities and Exchange Commission can still suspend this exemption if it chooses to. However, the exemption doesn't apply if the U.S. Treasury Department reports that the IDA is providing money to countries that the State Department says have repeatedly supported international terrorism.
How it affects you
This change is mostly a technical matter for financial regulators and the World Bank itself. Most people won't notice a direct effect, though it could make it easier for the IDA to raise money for its development work in poorer countries.
Read the official summary (Introduced in House, Mar 3, 2025)
Aligning SEC Regulations for the World Bank's International Development Association Act
This bill exempts from securities regulations any securities issued by the International Development Association (IDA) of the World Bank. The association provides loans and grants to developing countries. The Securities and Exchange Commission may suspend this exemption at any time.
The bill does not apply if, before the bill's date of enactment, the Department of the Treasury reports that IDA is providing financial support to a country whose government has repeatedly provided support for acts of international terrorism, as determined by the Department of State.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 1764
AN ACT
Aligning SEC Regulations for the World Bank’s International Development Association Act
Sponsor: Rep. Maxine Waters (D-CA-43) · Introduced Mar 3, 2025 · Finance and Financial Sector · 4 versions of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jul 22, 2025: “Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.”