- Stage
- In committee
- Started in
- House
- Sponsors
- 3
- Latest action
- Mar 25, 2025
What it does
The CEMAC Act would withhold U.S. support for any International Monetary Fund actions involving member states of the Central African Economic and Monetary Community (CEMAC) until the IMF publicly clarifies that restoration funds paid by extractive companies to the Bank of Central African States (BEAC) for site rehabilitation do not count as foreign exchange reserves. It directs the Secretary of the Treasury, in coordination with the State Department and the U.S. Executive Director at the IMF, to oppose IMF quota increases or exceptional access policy changes for CEMAC member states until this determination is made. The bill requires the Treasury Secretary to publicize the determination and…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.