Aligning SEC Regulations for the World Bank’s International Development Association Act

# Summary of HR 1764: Aligning SEC Regulations for the World Bank's International Development Association Act **What the bill does:** This bill would exempt securities (financial instruments) issued by the World Bank's International Development Association (IDA) from standard Securities and Exchange Commission (SEC) regulations. The IDA is the part of the World Bank that provides loans and grants to help developing countries. Currently, these securities must follow the same disclosure and regulatory rules as other securities. The exemption would streamline the process for IDA to raise money, though the SEC could still suspend this exemption at any time if needed. **Who it affects and key provisions:** The bill mainly affects the World Bank and investors who purchase IDA securities. However, it includes an important safeguard: the exemption does not apply if the U.S.

Treasury Department determines that IDA is providing financial support to countries the State Department has designated as repeated supporters of international terrorism. This prevents the exemption from benefiting countries with terrorism concerns. **Current status:** The bill passed the House of Representatives and was sponsored by Rep. Maxine Waters (D-CA). It has not yet been acted upon by the Senate.