An Act To continue the pause on disbursements and new financing commitments to the Government of Burma.
Summary
The "No New Burma Funds Act" aims to continue the pause on disbursements and new financing commitments to the Government of Burma. This pause was initially implemented following the military coup in 2021. The Act directs the Secretary of the Treasury to instruct the United States Executive Director at the International Bank for Reconstruction and Development to maintain this pause.
Expected Effects
The Act will likely result in continued economic pressure on the Burmese government. This is intended to encourage a return to democratic governance. The Secretary of the Treasury retains the authority to lift the pause if deemed not in the national interest.
Potential Benefits
- Potentially promotes democracy and human rights in Burma.
- Sends a strong signal against military coups and authoritarian regimes.
- Aligns with US foreign policy goals of supporting democratic values.
- May encourage other nations to take similar actions, increasing international pressure.
- Could lead to improved stability and regional security in the long term.
Potential Disadvantages
- May negatively impact the Burmese people by limiting access to development funds.
- Could strain diplomatic relations with Burma.
- May not be effective in changing the behavior of the Burmese government.
- Could create a power vacuum that other actors may exploit.
- The Secretary of Treasury's discretion could be subject to political influence.
Constitutional Alignment
The Act falls under the purview of Congress's power to regulate commerce with foreign nations (Article I, Section 8). It also aligns with the President's authority to conduct foreign policy. The Act does not appear to infringe on any specific constitutional rights or liberties of American citizens.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).