Loan conditionality
Title III — International Monetary Fund
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Title XVI of the International Financial Institutions Act (22 U.S.C. 262p–262p–18) is amended by adding at the end the following: 1634. Loan conditionality The Secretary of the Treasury shall instruct the United States Executive Director at the International Monetary Fund to use the voice and vote of the United States to encourage the Fund to reduce or eliminate conditions on loans made by the Fund that— (1) limit spending on key social needs such as health, education, or climate action; (2) weaken environmental, labor, public health regulations; or (3) increase taxes or reduce subsidies in such a way that falls regressively on recipient country populations..