H.R. 4423: No New Burma Funds Act

Introduced Jul 15, 20253 cosponsors

Sponsor

Nikema Williams

Democrat · GA-5

Bill Progress

IntroducedJul 15

Committee

Pass HouseDec 1

Pass Senate

Signed

Law

Latest Action · Dec 2, 2025

1/3

Passed the House, received in Senate

No new World Bank money for Burma's junta

3 min readLast updated June 9, 2026

Why it matters

H.R. 4423 passed the House 385-0 — a rare unanimous vote — to keep the World Bank's funding freeze on Burma's military government in place. The Bank stopped lending to the regime after it seized power in a 2021 coup. This bill requires the U.S. to keep voting to extend that pause, taking the decision out of any single administration's hands unless Treasury decides the freeze runs against the national interest.

In February 2021, Burma's military overthrew the country's elected government and took power by force. In response, the World Bank paused its loans and payments to the new regime.

H.R. 4423 tells the U.S. Treasury to keep that pause going. The United States has its own representative at the World Bank's main lending arm — the bill orders that official to use America's voice and vote to block new loans and disbursements to Burma's government.

H.R. 4423 Bill Summary

What H.R. 4423 actually does.

The World Bank freeze stays in place

The U.S. must keep voting to continue the Bank's pause on new loans and disbursements to Burma's government, a pause that began after the 2021 coup.

Treasury gives the orders

The Secretary of the Treasury must direct the U.S. Executive Director at the World Bank's main lending arm to cast the U.S. vote accordingly.

An off-ramp for the national interest

Treasury can lift the requirement if it determines that continuing the freeze is not in the U.S. national interest.

Aid to people isn't blocked

The pause targets official financing to Burma's government, not humanitarian programs or assistance that reaches its population directly.

Who benefits from H.R. 4423?

Burma's pro-democracy movement

The military has ruled by force since the 2021 coup. Holding the World Bank freeze keeps a major source of international financing out of the regime's reach.

Burmese-American communities

The sponsor, Rep. Nikema Williams, has highlighted the more than 2,000 Burmese refugees in DeKalb County, Georgia — among the many who fled the military's rule.

U.S. taxpayers

As the World Bank's largest shareholder, the U.S. helps backstop its lending. The bill keeps that institutional weight off the junta's side of the ledger.

Who is affected by H.R. 4423?

Burma's military government

Loses a potential path back to World Bank financing that could help it hold onto power.

Treasury and the U.S. World Bank representative

Now operate under a standing instruction from Congress on how to vote, with the national-interest off-ramp as the only flexibility.

Ordinary Burmese citizens

Government-backed development financing stays frozen, though humanitarian and direct aid can still flow.

Other World Bank donor nations

Often take cues from the U.S. position, so the American vote shapes whether the broader freeze holds.

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On the Record

What Congress Is Saying

12 legislators have weighed in on H.R. 4423 — 6 Democrats, 6 Republicans.

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.

Young Kim(R–CA)·Dec 1, 2025·House

Mr. Speaker, I rise in support of H.R. 4423, the No New Burma Funds Act. I thank the gentlewoman from Georgia (Ms. Williams) for sponsoring this bipartisan legislation. I am pleased to note that this bill passed the Financial Services Committee unanimously by a vote of 54-0 in July of this year. That kind of agreement underscores the seriousness of the threat posed by Burma's military regime and the broad consensus that the United States must respond firmly.

Warren Davidson(R–OH)·Dec 1, 2025·House

H.R. 4423 also appeared in 4 more House floor references and 3 routine cosponsor filings.

HR4423 Legislative Journey

5 actions

Committee Action

Dec 2, 2025

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

House: Vote: 385-0

Dec 1, 2025

385-0

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 385 - 0 (Roll no. 307). (text: CR H4945)

House: Committee Action

Sep 8, 2025

119-245

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-245.

House: Vote: 54-0

Jul 22, 2025

54-0

Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 0.

House: Committee Action

Jul 15, 2025

Referred to the House Committee on Financial Services.

About the Sponsor

Nikema Williams

Democrat, Georgia's 5th congressional district · 5 years in Congress

Committees: Financial Services

View full profile →

Cosponsors (3)

No new cosponsors in 301 days — momentum stalled

This bill has 3 cosponsors: 1 Democrat, 2 Republicans, reflecting bipartisan support. Cosponsors represent 3 states: California, New York, Texas.

1Democrat2Republicans·3 statesBipartisan

Young Kim

Republican · CA

Monica De La Cruz

Republican · TX

Timothy Kennedy

Democrat · NY

Committee Sponsors

Foreign Relations Committee

10D12R

|0 signed22 not yet

0 of 22 committee members cosponsored

No committee members have cosponsored this bill

Financial Services Committee

23D30R

|2 signed51 not yet

2 of 53 committee members cosponsored

Mónica De La Cruz

Young Kim

33 Democrats across these committees haven't cosponsored yet. Mobilize their constituents

H.R. 4423 Quick Facts

Cosponsors

Committee: Foreign Relations
Chamber: House
Policy: International Affairs
Introduced: Jul 15, 2025

Passed the House, received in Senate

Dec 2, 2025

Constituent Resources

Find your legislators on H.R. 4423

Get notified when this bill moves

Official Sources

Congress.gov — H.R. 4423 bill page

Official bill tracker with full text, 3 cosponsors, all actions, and committee referral history for the No New Burma Funds Act. Passed the House 385-0 on December 1, 2025; referred to Senate Foreign Relations Committee on December 2, 2025.

H. Rept. 119-245 — Committee report

House Financial Services Committee report filed September 8, 2025 by Chairman Hill. The committee ordered the bill reported (amended) by a vote of 54-0 on July 22, 2025.

House Roll Call Vote 307 — Passage vote (385-0)

Roll call vote on December 1, 2025, under suspension of the rules. The bill passed unanimously 385-0, reflecting strong bipartisan consensus on maintaining financial pressure on Burma's military junta.

Congressional Record — House floor debate (December 1, 2025)

Congressional Record transcript of the House floor debate on HR 4423. The bill was considered under suspension of the rules with forty minutes of debate before passing unanimously.

Executive Order 14014 — Blocking Property With Respect to Burma (Federal Register)

The February 2021 executive order that established the U.S. sanctions framework after the military coup. It is the legal backdrop for the financial pressure H.R. 4423 reinforces at the World Bank by directing the U.S. vote against new lending to Burma's government.

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H.R. 4423 Common Questions

What does the No New Burma Funds Act do?

It keeps the World Bank from lending to Burma's military government. H.R. 4423 orders the U.S. Treasury to direct America's representative at the Bank to keep voting against new loans and payments to the regime that seized power in the 2021 coup.

Why did the World Bank stop funding Burma?

After Burma's military overthrew the elected government in a 2021 coup, the World Bank paused its loans and disbursements to the new regime. H.R. 4423 would require the U.S. to keep voting to extend that pause.

Does H.R. 4423 cut off humanitarian aid to Burma?

No. The freeze targets official financing to Burma's government. Humanitarian programs and aid that reaches Burmese people directly are not blocked by the bill.

Could a future administration restart World Bank funding to Burma?

There's a built-in exit. The bill lets the Treasury Secretary lift the requirement if Treasury decides that keeping the freeze isn't in the U.S. national interest. Short of that, the U.S. is locked into voting to continue the pause.

How did the House vote on H.R. 4423?

Unanimously. The House passed it 385-0 on December 1, 2025, under a fast-track process for non-controversial bills. The Financial Services Committee had earlier advanced it 54-0.

Is the No New Burma Funds Act law yet?

Not yet. It passed the House and was referred to the Senate Foreign Relations Committee on December 2, 2025. It needs to pass the Senate and be signed by the president before it takes effect.

Who introduced the No New Burma Funds Act?

Rep. Nikema Williams (D-GA), whose district is home to thousands of Burmese refugees, introduced it with bipartisan cosponsors including Rep. Young Kim (R-CA), Rep. Monica De La Cruz (R-TX), and Rep. Timothy Kennedy (D-NY).

Based on H.R. 4423 bill text

H.R. 4423 Bill Text

PDF

“To continue the pause on disbursements and new financing commitments to the Government of Burma.”

Source: U.S. Government Publishing Office

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