H.R. 4423 · Passed House · International Affairs

No New Burma Funds Act

Sponsor: Nikema Williams (D-GA)

What it does

• Requires the U.S. Executive Director at the International Bank for Reconstruction and Development to advocate and vote for continuing the pause on disbursements and new financing to Burma.
• Allows an exception if the Treasury determines the pause is not in the national interest.
• Applies to a World Bank lending arm that paused Burma financing after the 2021 military coup.

Official summary

No New Burma Funds Act This bill requires the U.S. Executive Director at the International Bank for Reconstruction and Development (IBRD) to advocate and vote for a continued pause on IBRD disbursements and new financing commitments to Burma unless the Department of the Treasury determines this is not in the national interest. The IBRD is one of the two major lending facilities of the World Bank and provides loans, guarantees, risk management products, and advisory services to middle-income countries and some creditworthy low-income countries. The World Bank paused disbursements and new financing to Burma after a 2021 military coup in that country.

Latest action

Dec 2, 2025: Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

Committee: Senate Foreign Relations