What does Preamble of Exchange Stabilization Fund Transparency Act do?

This bill aims to strengthen transparency regarding the Department of the Treasury's use of the Exchange Stabilization Fund to aid foreign countries. The bill intends to ensure prior notification to Congress is provided before the Treasury Department utilizes the fund in this manner.

What does SHORT TITLE. of Exchange Stabilization Fund Transparency Act do?

This bill is formally titled the Exchange Stabilization Fund Transparency Act.

What does DEFINITIONS. of Exchange Stabilization Fund Transparency Act do?

This section defines terms used within the Act. “Appropriate committees of Congress” are specified as the Committee on Foreign Relations and the Committee on Banking, Housing, and Urban Affairs of the Senate, and the Committee on Foreign Affairs and the Committee on Financial Services of the House of Representatives. The “Exchange Stabilization Fund” is defined as the fund established under section 5302(a) of title 31, United States Code. A “foreign entity” is defined as an entity not organized under the laws of the United States or any jurisdiction within the United States. “Government of a foreign country” includes subdivisions, agencies, instrumentalities, entities owned or controlled by that government, and central banks.

What does LIMITATION ON USE OF EXCHANGE STABILIZATION FUND TO AID FOREIGN of Exchange Stabilization Fund Transparency Act do?

This section outlines notification requirements for the Secretary of the Treasury before providing assistance to foreign entities or governments using the Exchange Stabilization Fund. The Secretary must submit a notification to Congress at least 24 hours prior to committing assistance, including through currency swap lines or sovereign debt purchases. The notification must include detailed information about the assistance, including its nature, amount, duration, and terms. The notification must also explain how the assistance advances U.S. national interests and assess potential impacts, including risks and effects on the Exchange Stabilization Fund reserves. The Secretary must impose conditions on the use of assistance to increase repayment likelihood and address the foreign country's fiscal or economic policies. The Secretary must provide an update to Congress within 14 days or when $500 million is used, if information was initially unavailable. The Secretary must provide a briefing to Congress within 7 days after committing to assistance or significantly intervening in international financial markets. Within 30 days of the Act's enactment, the Secretary must submit a report detailing past assistance provided over the preceding 4 years, including agreements and status updates.

What does MODIFICATION OF EXISTING EXCHANGE STABILIZATION FUND of Exchange Stabilization Fund Transparency Act do?

This section concerns the Modification of Existing Exchange Stabilization Fund. Information provided to a committee of Congress under 31 U.S.C. § 5302(c)(1) relating to agreements or transactions with foreign entities or governments must also be provided to the Senate Committee on Foreign Relations and the House Committee on Foreign Affairs.

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Exchange Stabilization Fund Transparency Act

Last updated: 5/21/2026 · Introduced: 5/21/2026

Author: Jeanne Shaheen (D-NH)

TL;DR (AI)

The bill requires the Treasury Secretary to notify Congress at least 24 hours before providing assistance to foreign entities or governments using the Exchange Stabilization Fund, detailing the nature, amount, and terms of the assistance.
The bill mandates that the Treasury Secretary impose conditions on assistance to increase repayment likelihood and address foreign country fiscal or economic policies.
The bill expands reporting requirements, mandating the Treasury Secretary to provide Congress with detailed information on past assistance provided through the Exchange Stabilization Fund and to share information with the Senate Committee on Foreign Relations and the House Committee on Foreign Affairs.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 3 more.

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