Bill > HR4423

This bill, known as the No New Burma Funds Act, directs the U.S. Secretary of the Treasury to instruct the United States Executive Director at the International Bank for Reconstruction and Development (World Bank) to continue the pause on financial disbursements and new financing commitments to the Government of Burma (Myanmar) that was originally implemented following the military coup in 2021. The Secretary of the Treasury retains the discretion to halt this pause if they determine doing so would not be in the national interest. The legislation essentially seeks to maintain financial pressure on Burma's military government by preventing new World Bank funding, reflecting ongoing international concerns about the democratic backsliding that occurred when the military overthrew the democratically elected government in 2021.

Business and Industry, Government Affairs

https://www.congress.gov/bill/119th-congress/house-bill/4423/all-info