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Introduction of the Robust International Response to Pandemic Act

Floor Speech

Date: Feb. 11, 2021
Location: Washington, DC
Issues: Finance and Banking Foreign Affairs

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Mr. GARCIA of Illinois. Madam Speaker, I rise today to introduce the Robust International Response to Pandemic Act, along with my colleagues Jan Schakowsky of Illinois and Mark Takano of California.

The COVID-19 pandemic and the economic crisis it has generated are global problems and both require global solutions. The United States must show leadership by supporting each country's ability to fight the virus, and the Robust International Response to Pandemic Act will do that by supporting an issuance of Special Drawing Rights from the IMF that will boost the global economy and aid our response to the virus.

``Special Drawing Rights'' will help countries avoid depleting their reserves during the turbulent economic times ahead; 2 trillion SDRs will help all of us--and especially emerging markets and developing economies--avoid financial catastrophe.

I urge this body to advance this important legislation.

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