Trustee Elections
These are the original issues in this subcategory
- UN GLOBAL COMPACT
- HEAVILY INDEBTED POOR COUNTRIES
- INTERNATIONAL MONETARY FUND
The International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (World Bank) are the financial arms of the World Trade Organization. The IMF, an international organization with 189 member nations, facilitates international financial transactions and makes loans to developing countries in need. Wars, disasters and economic crisis are common needs. Often, the IMF is the only source of financial assistance available to these distressed countries. Decisions of the IMF and World Bank are crafted by a Board of Governors who meet once a year, and 25 Executive Directors who handle day-to-day decisions. Each member nation appoints a governor, often its Minister of Finance. Critics claim poorer nations are not adequately represented in World Bank and IMF proceedings because voting shares are based on the size and ‘openness’ of a nation’s economy. Because if this, poorer countries – often those receiving loans from the IMF - are under-represented in the decision-making processes. Advocates say a system of double-majority voting, where an agreement would require both shareholder and member state majorities, would give developing countries a more equal role in guiding IMF policies.
Proposed Legislation: Reintroduction of H.R.6086 - IMF Reform and Integrity Act of 2020
Prospective Sponsor: Rep. Bill Huizenga (MI)
Proposed Legislation: Reintroduction of H.R.6086 - IMF Reform and Integrity Act of 2020
Prospective Sponsor: Rep. Bill Huizenga (MI)
- I oppose reforming current International Monetary Fund policy and wish to donate resources to the campaign committee of Speaker Kevin McCarthy (CA).
- I support acknowledging that a country's quota reflects its economic strength and voting power within the IMF, and requiring U.S. representatives to the IMF to oppose quota increases for any of the ten largest IMF shareholder countries including Russia and China before the Treasury Dept. reports to Congress as to whether the country meets certain criteria, such as:
1.) Fulfilling its general IMF obligations.
2.) Not engaging in currency manipulation in the last 12 months.
3.) Oppose the proposed quota increase if the country does not meet all such criteria.
4.) Opposing the proposed quota increase if the President determines that the country's government has interfered with a U.S. federal election in the last four years.
5.) Opposing a proposed loan to a country if there is not a high probability that the country's public debt is sustainable in the medium term.
And wish to donate resources to the campaign committee of Rep. Bill Huizenga (MI) and/or to an advocate group currently working with this issue.
- I support acknowledging that a country's quota reflects its economic strength and voting power within the IMF, and requiring U.S. representatives to the IMF to oppose quota increases for any of the ten largest IMF shareholder countries including Russia and China before the Treasury Dept. reports to Congress as to whether the country meets certain criteria, such as:
1.) Fulfilling its general IMF obligations.
2.) Not engaging in currency manipulation in the last 12 months.
3.) Oppose the proposed quota increase if the country does not meet all such criteria.
4.) Opposing the proposed quota increase if the President determines that the country's government has interfered with a U.S. federal election in the last four years.
5.) Opposing a proposed loan to a country if there is not a high probability that the country's public debt is sustainable in the medium term.
And wish to donate resources to the campaign committee of Rep. Bill Huizenga (MI) and/or to an advocate group currently working with this issue.
There has been $0.00 pledged in support of this issue
Trustee Election - Opening Date
May 22, 2023
Trustee Election - Closing Date
May 29, 2023