Enhances transparency for Treasury's use of the Exchange Stabilization Fund to aid foreign countries.
The Exchange Stabilization Fund Transparency Act mandates the Secretary of the Treasury to notify Congress 24 hours before using the Exchange Stabilization Fund to assist foreign entities or governments. This includes currency swaps, local currency purchases, or credit extensions. The notification must detail the assistance's nature, national interest alignment, and impact assessments. Additionally, the Secretary must submit a report on past assistance provided in the four years prior to the Act's enactment, including agreements and repayment status.
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- Core Provisions
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