International Monetary Fund Reform Act of 1998

Read twice and referred to the Committee on Foreign Relations.

Congressional Research Service

Official summary

Version 00 · Introduced in Senate · Mar 18, 1998

TABLE OF CONTENTS: Title I: International Monetary Fund Title II: New Arrangements to Borrow International Monetary Fund Reform 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. Makes funds available for such increase only if the Secretary of the Treasury makes certain certifications to the appropriate congressional committees regarding transparency of internal IMF procedures and specified standards for future IMF lending to borrower countries. Title II: New Arrangements to Borrow - Sets forth conforming amendments for Federal participation in new arrangements to borrow.

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People & committees

Who introduced it

Sen. Hagel, Chuck [R-NE] · R–NE

Committees

Foreign Relations Committee

4 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Mar 18, 1998
Read twice and referred to the Committee on Foreign Relations.
Mar 18, 1998
Sponsor introductory remarks on measure. (CR S2216-2217)
Mar 18, 1998
Introduced in Senate

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in Senate · Mar 18, 1998 Formatted Text PDF

Related bills identified by Congress.gov

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Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.

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Analyze S.1795 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.

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Discuss S.1795, 105th Congress: International Monetary Fund Reform Act of 1998

Official record: https://www.congress.gov/bill/105th-congress/senate-bill/1795

Text version to examine: Introduced in Senate · 1998-03-18.

Official full text: https://www.congress.gov/105/bills/s1795/BILLS-105s1795is.htm

Imported record last updated by the source: 2025-08-21T16:13:08Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze S.1795 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.

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Examine S.1795 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.

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Discuss S.1795, 105th Congress: International Monetary Fund Reform Act of 1998

Official record: https://www.congress.gov/bill/105th-congress/senate-bill/1795

Text version to examine: Introduced in Senate · 1998-03-18.

Official full text: https://www.congress.gov/105/bills/s1795/BILLS-105s1795is.htm

Imported record last updated by the source: 2025-08-21T16:13:08Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.1795 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.

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Examine S.1795 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.

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Discuss S.1795, 105th Congress: International Monetary Fund Reform Act of 1998

Official record: https://www.congress.gov/bill/105th-congress/senate-bill/1795

Text version to examine: Introduced in Senate · 1998-03-18.

Official full text: https://www.congress.gov/105/bills/s1795/BILLS-105s1795is.htm

Imported record last updated by the source: 2025-08-21T16:13:08Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.1795 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.

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Discuss S.1795, 105th Congress: International Monetary Fund Reform Act of 1998

Official record: https://www.congress.gov/bill/105th-congress/senate-bill/1795

Text version to examine: Introduced in Senate · 1998-03-18.

Official full text: https://www.congress.gov/105/bills/s1795/BILLS-105s1795is.htm

Imported record last updated by the source: 2025-08-21T16:13:08Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.1795 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.