Blocks the U.S. Treasury from using a special fund to bail out Argentina's financial markets.
This bill would stop the U.S. Treasury from using a special fund, called the Exchange Stabilization Fund, to give financial help to Argentina. This means U.S. money would not be used for potential bailouts or to stabilize Argentina's finances. Any existing financial deals for this purpose would need to be ended within seven days.
Today, the U.S. Treasury Department can use its Exchange Stabilization Fund to provide financial support to countries like Argentina. If this bill becomes law, the Treasury Department would be explicitly blocked from using this fund to give any direct or indirect financial help to Argentina until December 10, 2027. Any current financial agreements that violate this new rule would also have to be ended within seven days.
S 2965 · 119th Congress · October 1, 2025 · AI Summary by gemini-2.5-flash · 8/10
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