Exempts World Bank fund securities from securities rules

Lets securities issued by the World Bank's International Development Association skip U.S. securities regulations, and lets the Securities and Exchange Commission stop the exemption at any time.

• Covers securities issued by the International Development Association, part of the World Bank
• The association gives loans and grants to developing countries
• The Securities and Exchange Commission can suspend the exemption at any time
• Does not apply if Treasury reports before enactment that the association supports a country tied to terrorism

Passed the House · Senate's turn

Read the full bill