No Argentina Bailout Act
Sponsor
Full profile: /officials/W000817
Source: Congress.gov · FEC
Cosponsors (19)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
19 cosponsors on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.
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.
2025-10-01
Source: Congress.gov
Committee Activity
Currently in
- Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2025-10-01
Plain-English Summary
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.
Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.
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