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

This bill would allow the International Development Association, which is part of the World Bank and provides loans and grants to developing countries, to issue securities without having to follow certain securities regulations. The Securities and Exchange Commission could cancel this exemption at any time. The bill would not take effect if the Treasury Department reports before the bill becomes law that the International Development Association is giving financial support to a country whose government has repeatedly supported international terrorism, as determined by the State Department.

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