The No Dollars for Dictators Act prevents the United States from voting to give Special Drawing Rights (SDRs)—a form of international currency issued by the International Monetary Fund—to countries whose governments have committed genocide in the past decade or have been officially designated as state sponsors of terrorism. The bill affects U.S. participation in IMF financial decisions and the countries that might otherwise receive these international funds. Under this legislation, Congress would need to explicitly pass a new law to authorize any exception to this prohibition, giving lawmakers direct control over whether such financial support can be provided. The bill requires no new federal spending; instead, it restricts how the U.S. votes on existing IMF allocation decisions. The legislation was introduced in March 2025 and referred to the Senate Foreign Relations Committee.
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