No New Burma Funds Act

Hozzl · 2025-12-03T11:56:29Z

Explore the details of House Bill 4423 No New Burma Funds Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on International Affairs. Stay informed on legislative developments.

12/3/2025, 11:56 AM

Summary of Bill HR 4423

The bill titled "To continue the pause on disbursements and new financing commitments to the Government of Burma," introduced in the 119th Congress on July 15, 2025, aims to extend the halt on providing funds and entering into new financial agreements with the Government of Burma.

Congressional Summary of HR 4423

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.

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Current Status of Bill HR 4423

Bill HR 4423 is currently in the status of Bill Introduced since July 15, 2025. Bill HR 4423 was introduced during Congress 119 and was introduced to the House on July 15, 2025. Bill HR 4423's most recent activity was Received in the Senate and Read twice and referred to the Committee on Foreign Relations. as of December 2, 2025