WeVote
Log In

Bill

AM

Bill

HR 6061

To prohibit the use of the Exchange Stabilization Fund of the Department of the Treasury to bail out Argentina's financial markets, and to instead use that funding to provide for a farmer tariff relief package.

119th Congress Introduced by April McClain Delaney and 6 co-sponsors

Blocks Treasury from using Exchange Stabilization Fund for Argentina bailouts, redirecting funds to U.S. farmer tariff relief instead.

Sponsor introductory remarks on measure. (CR H4782)
0
WeVote Research Nonpartisan
Bill Summary · HR 6061

Legislative bill overview

HR 6061 would prohibit the U.S. Department of the Treasury from using the Exchange Stabilization Fund (ESF) to provide financial assistance to Argentina's markets, and would redirect any such funds toward a domestic farmer tariff relief package. The bill challenges Treasury's discretionary authority over this $94.7 billion fund, which has historically been used for international financial stabilization during crises.

Why is this important

The Exchange Stabilization Fund represents significant executive power to respond to financial emergencies without Congressional approval. This bill reflects growing Congressional concern about prioritizing domestic agricultural relief—particularly relevant given recent trade tensions and tariff policies affecting U.S. farmers. It raises fundamental questions about whether Treasury resources should support international interventions versus domestic economic relief.

Potential points of contention

  • Executive authority vs. Congressional control: Restricting ESF use limits Treasury's flexibility to respond to international financial crises that could impact U.S. markets and financial stability
  • Argentina specifically: The bill targets one nation, raising questions about why Argentina warrants explicit prohibition compared to other countries that might receive ESF assistance
  • Farmer relief trade-offs: Reallocating international stabilization funds to domestic tariff relief creates a false choice between two different policy objectives with different funding mechanisms and appropriateness

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.