S. 2965 · Where this bill is now
In committee
Introduced in the Senate, Oct 1, 2025
What this bill does
In plain words · AI-written from the official summaryBlocks U.S. financial support for Argentina
This bill would prevent the U.S. Treasury Department from using its emergency fund to help Argentina's economy. Specifically, it would ban things like currency swaps, buying Argentina's currency or debt, or lending money to the country through this fund. Any support arrangements already in place would have to be ended within a week of the bill becoming law, and the ban would last until December 2027.
How it affects you
This bill wouldn't directly affect most Americans in their daily lives. If you work in international finance or closely follow U.S.-Argentina relations, you'd see a shift in government policy, but the official summary doesn't describe broader effects on the public.
Read the official 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 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 SessionS. 2965
A BILL
No Argentina Bailout Act
Sponsor: Sen. Elizabeth Warren (D-MA) · Introduced Oct 1, 2025 · Foreign Trade and International Finance · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Oct 1, 2025: “Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.”