Bills · HR 2325
IN COMMITTEE· 119TH CONGRESS
House BillHR 2325International Affairs
CEMAC Act
INTRO MAR 25· LAST ACTION MAR 25
READING
6MIN
COSPONSORS
2
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it involves how international financial rules are applied and the protection of foreign investments, particularly for U.S. companies operating abroad. If this bill becomes law, it could force the IMF to take a definitive stance on specific financial assets, which would clarify accounting practices for countries and investors worldwide.
Without this bill, the current dispute over how 'restoration funds' are categorized could continue, potentially leading to significant financial losses for oil companies and a less stable investment environment in the Central African region. Voters should care because it impacts the U.S.'s role in international financial institutions and how American businesses are treated in other countries, which can, in turn, affect economic stability and U.S. jobs tied to those international investments.
KEY PROVISIONS
4AI-extractedPROVISION 01
The U.S. will stop supporting any International Monetary Fund (IMF) actions related to CEMAC member states.
This provision puts direct pressure on the IMF to address the specific issue of foreign exchange reserve accounting by withholding U.S. influence and votes.
PROVISION 02
The U.S. representative at the IMF must oppose proposals to increase funding quotas or modify exceptional access policies for CEMAC countries.
This further intensifies the financial pressure on CEMAC countries by limiting their potential access to IMF resources and support.
PROVISION 03
These U.S. actions will continue until the IMF publicly clarifies that funds meant for site rehabilitation are not considered foreign exchange reserves.
This sets a clear condition for the restoration of U.S. support, directly linking action to the desired policy clarification.
PROVISION 04
The Secretary of the Treasury must report to Congress on the U.S. government's efforts to get the IMF to make this clarification.
This ensures accountability and transparency, keeping Congress informed about the progress and actions taken to implement the bill's objectives.
SPONSORSHIP
1 + 2
R· Michigan
YRS IN OFFICE
15
BILLS LED
35
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 2 IND 0
ACTION TIMELINE
2 EVENTSMAR 25
Introduced in House
MAR 25
Referred to the House Committee on Financial Services.
BILL INFO
TypeHouse Bill
NumberHR 2325
Congress119th
StatusIn Committee
IntroducedMar 25, 2025
Last actionMar 25, 2025
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IN COMMITTEE· 119TH CONGRESS · FINANCIAL SERVICES COMMITTEE · INTRODUCED MAR 25, 2025
House BillHR 2325International Affairs
CEMAC Act
INTRODUCED MAR 25, 2025· LAST ACTION MAR 25, 2025
PASSAGE CHANCES
—%
READING
6 min
COSPONSORS
2
COMPLEXITY
Moderate
