No New Burma Funds Act

Floor Speech

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Mrs. KIM. Mr. Speaker, I thank Representative Davidson for yielding time.

Mr. Speaker, I rise in support of H.R. 4423, the No New Funds for Burma Act. This bill would suspend disbursements and financing from the International Bank for Reconstruction and Development to Burma until the Treasury Secretary identifies a meaningful change in regime and restoration of democratic values.

In February 2021, the democratically elected members of Burma's Government were deposed by the military junta. As we approach almost 5 years since the military's unlawful seizure of power, chaos has overtaken Burma. Since the coup, more than 6,000 people have been killed, 20,000 detained, and more than 3.5 million displaced from their homes.

Caused directly by the Burmese military junta, this humanitarian crisis makes one thing very clear: The regime cannot be trusted to responsibly steward funds from international financial institutions or deliver aid to the communities most in need.

Mr. Speaker, I thank Representative Williams of Georgia for allowing me to co-lead the No New Funds for Burma Act. I urge my colleagues to join us in condemning the ongoing violence in Burma and supporting this legislation.

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