S4617Referred to Committee
A bill to strengthen transparency over efforts by the Department of the Treasury to use the Exchange Stabilization Fund to aid foreign countries without prior notification to Congress.
Introduced
In Committee
3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2026-05-21
Introduced
1
Cosponsors
S
ⓘType
Sponsor
Jeanne Shaheen
Democrat · NH · Senator
Votes with party: 47.2% (318 recorded votes)
Full profile: /officials/S001181
Source: Congress.gov · FEC
Cosponsors (1)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2026-05-21
Source: Congress.gov
Committee Activity
Currently in
- Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2026-05-21
Plain-English Summary
The Treasury Department currently has broad authority to use a special fund called the Exchange Stabilization Fund to provide financial assistance to foreign countries, sometimes without telling Congress first. This bill would require the Treasury Department to notify Congress before using this fund to help other nations, making the process more transparent and giving lawmakers a chance to review these decisions. The change would affect how the federal government conducts international financial assistance and ensure Congress has oversight over these spending decisions.
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.
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