PlainBillCongress, translated.Legislation. Context. Public interest.Placed on the Union Calendar, Calendar No. 260.
Congressional Research Service
Version 00 · Introduced in House · Jan 27, 1998
TABLE OF CONTENTS: Title I: International Monetary Fund Title II: New Arrangements to Borrow Title III: Policy Provisions International Monetary Fund Reform and Authorization Act of 1998 - Title I: International Monetary Fund - Amends the Bretton Woods Agreement Act to authorize the U.S. Governor of the International Monetary Fund (IMF) to consent, subject to appropriations, to a specified increase in the U.S. IMF quota of Special Drawing Rights. Title II: New Arrangements to Borrow - Sets forth conforming amendments for Federal participation in new arrangements to borrow. Title III: Policy Provisions - Amends the International Financial Institutions Act to direct the Secretary of the Treasury to instruct the U.S. Executive Director of the IMF to advocate specified policies whose goal, among other things, is to: (1) make the IMF a more effective mechanism for implementation of specified international banking and trade principles; (2) ensure by specified activities that it does not become a lender of last resort for private investors and commercial banks; (3) promote worker rights; (4) adopt appropriate environmental policies supporting macroeconomic stability; and (5) facilitate IMF transparency and accountability.
People & committees
Rep. Leach, James A. [R-IA-1] · R–IA
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Placed on the Union Calendar, Calendar No. 260.
Reported (Amended) by the Committee on Banking and Financial Services. H. Rept. 105-454.
Reported (Amended) by the Committee on Banking and Financial Services. H. Rept. 105-454.
Ordered to be Reported (Amended) by the Yeas and Nays: 40 - 9.
Committee Consideration and Mark-up Session Held.
Referred to the House Committee on Banking and Financial Services.
Introduced in House
Introduced in House
Primary sources
Text links open the official source. We currently store references to these documents.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
AI Conversation Starters
Choose a perspective, copy a prompt, and paste it into your preferred AI. Each prompt includes the bill version and available official source links, and asks for counterarguments as well as supporting evidence.
Analyze H.R.3114 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
Examine H.R.3114 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.
Examine H.R.3114 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.
Examine H.R.3114 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.