A Florida Republican lawmaker is introducing a bill to bring congressional authority over the International Monetary Fund (IMF) and prevent the body from giving cash to American adversaries.
Rep. Scott Franklin, R-Fla., is expected to introduce the IMF Accountability Act on Tuesday, which aims to give Congress more authority over how the body allocates special drawing rights (SDRs) and lends money.
The bill would "prohibit representatives of the United States from voting at the International Monetary Fund for any Special Drawing Rights allocations, quota increases, or policy modifications that would benefit certain countries, and for other purposes."
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