PAID OFF Act of 2025

John Cornyn

Republican · TX · Senator

Source: Congress.gov · FEC

• Bill Hagerty (R-TN)Original· 2025-10-23
• Chuck Grassley (R-IA)Original· 2025-10-23
• Deb Fischer (R-NE)Original· 2025-10-23
• James E. Risch (R-ID)Original· 2025-10-23
• John Kennedy (R-LA)Original· 2025-10-23
• Peter Welch (D-VT)Original· 2025-10-23
• Sheldon Whitehouse (D-RI)Original· 2025-10-23
• Thom Tillis (R-NC)Original· 2025-10-23

Committee on Foreign Relations. Ordered to be reported without amendment favorably.

2026-06-17

Source: Congress.gov

The bill likely aims to address how the United States manages its international debt obligations or helps other countries pay off debts as part of foreign policy strategy. Based on the title and international affairs focus, it probably involves either restructuring U.S. debt payments to other nations, forgiving certain international debts, or creating programs to assist developing countries with their financial obligations. The specific details would affect U.S. foreign relations, international trade partners, and potentially American taxpayers depending on how the bill allocates resources.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3050 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 3050 To amend the Foreign Agents Registration Act of 1938, as amended, to modify requirements under that Act relating to exemptions, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES October 23, 2025 Mr. Cornyn (for himself, Mr. Whitehouse, Mr. Risch, Mrs. Fischer, Mr. Hagerty, Mr. Tillis, Mr. Welch, Mr. Grassley, and Mr. Kennedy) introduced the following bill; which was read twice and referred to the Committee on Foreign Relations _______________________________________________________________________ A BILL To amend the Foreign Agents Registration Act of 1938, as amended, to modify requirements under that Act relating to exemptions, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. TREATMENT OF EXEMPTIONS UNDER THE FOREIGN AGENTS REGISTRATION ACT OF 1938. This Act may be cited as the ``Preventing Adversary Influence, Disinformation, and Obscured Foreign Financing Act of 2025'' or the ``PAID OFF Act of 2025''. SEC. 2. TREATMENT OF EXEMPTIONS UNDER THE FOREIGN AGENTS REGISTRATION ACT OF 1938. Section 3 of the Foreign Agents Registration Act of 1938, as amended (22 U.S.C. 613), is amended-- (1) in the matter preceding subsection (a), by inserting ``, except as provided in subsection (i)'' after ``principals''; and (2) by adding at the end the following: ``(i) Limitations.--The exemptions under subsections (d)(1), (d)(2), and (h) shall not apply to any agent of a foreign principal that is a corporate or government entity that is owned or controlled by 1 or more of the identified countries listed in clauses (i) through (v) of section 1(m)(1)(A) of the State Department Basic Authorities Act of 1956 (22 U.S.C. 2651a(m)(1)(A)).''. SEC. 3. MECHANISM TO AMEND DEFINITION OF ``COUNTRY OF CONCERN''. Section 1(m) of the State Department Basic Authorities Act of 1956 (22 U.S.C. 2651a(m)) is amended-- (1) by redesignating paragraphs (6) and (7) as paragraphs (7) and (8), respectively; and (2) by inserting after paragraph (5) the following: ``(6) Modification to definition of `country of concern'.-- ``(A) In general.--The Secretary of State may, in consultation with the Attorney General, propose the addition or deletion of countries described in paragraph (1)(A). ``(B) Submission.--Any proposal described in subparagraph (A) shall-- ``(i) be submitted to the Chairman and Ranking Member of the Committee on Foreign Relations of the Senate and the Chairman and Ranking Member of the Committee on the Judiciary of the House of Representatives; and ``(ii) become effective upon enactment of a joint resolution of approval as described in subparagraph (C). ``(C) Joint resolution of approval.-- ``(i) In general.--For purposes of subparagraph (B)(ii), the term `joint resolution of approval' means only a joint resolution-- ``(I) that does not have a preamble; ``(II) that includes in the matter after the resolving clause the following: `That Congress approves the modification of the definition of ``country of concern'' under section 1(m) of the State Department Basic Authorities Act of 1956, as submitted by the Secretary of State on ____; and section 1(m)(1)(A) of the State Department Basic Authorities Act of 1956 (22 U.S.C. 2651a(m)(1)(A)) is amended by ______.', the blank spaces being appropriately filled in with the appropriate date and the amendatory language required to modify the list of countries in paragraph (1)(A) of this subsection by adding or deleting 1 or more countries; and ``(III) the title of which is as follows: `Joint resolution approving modifications to definition of ``country of concern'' under section 1(m) of the State Department Basic Authorities Act of 1956.'. ``(ii) Referral.-- ``(I)…

Senate.--A resolution described in clause (i) that is introduced in the Senate shall be referred to the Committee on Foreign Relations of the Senate. ``(II) House of representatives.--A resolution described in clause (i) that is introduced in the House of Representatives shall be referred to the Committee on the Judiciary of the House of Representatives.''. SEC. 4. SUNSET. The amendments made by this Act shall terminate on the date that is 5 years after the date of enactment of this Act. <all>

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