Bill Overview
Title: Aligning SEC Regulations for the World Bank’s International Development Association Act
Description: This bill exempts from securities regulations any securities issued by the International Development Association of the World Bank. The association provides loans and grants to developing countries.
Sponsors: Rep. Waters, Maxine [D-CA-43]
Target Audience
Population: People in developing countries benefiting from IDA funded projects
Estimated Size: 1000000
- The International Development Association (IDA) provides loans and grants to developing countries, impacting a large population in those countries.
- The exempted securities may lead to easier and potentially increased funding access for the IDA.
- This, in turn, can enhance development projects in these countries, potentially impacting millions of individuals living in poverty.
- The legislation primarily impacts people in developing countries as these countries are the recipients of IDA's financial aid and projects funded through these securities.
Reasoning
- The policy primarily affects individuals in developing countries by providing easier access to funding for developmental projects, potentially improving economic and social conditions in these regions.
- For people in the U.S., the direct impact is negligible, but investors interested in such securities might experience indirect effects through changes in the market dynamics.
- Therefore, the simulation includes individuals with differing levels of involvement or awareness about international development funding and those who might indirectly benefit through broader economic stability.
Simulated Interviews
Investment Analyst (New York, NY)
Age: 35 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 4/20
Statement of Opinion:
- I'm aware of the potential market changes due to IDA's activities.
- This policy might slightly increase my investment opportunities.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 7 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 7 | 7 |
Nonprofit Management (Seattle, WA)
Age: 50 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 10.0 years
Commonness: 3/20
Statement of Opinion:
- It's important that the IDA receives easy access to funding for vital projects.
- This policy could lead to more effective aid distribution.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 8 |
Software Engineer (Austin, TX)
Age: 28 | Gender: other
Wellbeing Before Policy: 6
Duration of Impact: 0.0 years
Commonness: 8/20
Statement of Opinion:
- I don't think this policy will really affect me directly.
- It's interesting, but I haven't invested in anything like this.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 6 |
Economist (San Francisco, CA)
Age: 42 | Gender: female
Wellbeing Before Policy: 9
Duration of Impact: 15.0 years
Commonness: 2/20
Statement of Opinion:
- The exempt securities could streamline project financing.
- Increased funding could be seen as a positive outcome for global welfare.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 9 | 9 |
| Year 2 | 9 | 9 |
| Year 3 | 9 | 9 |
| Year 5 | 9 | 9 |
| Year 10 | 9 | 9 |
| Year 20 | 9 | 9 |
Graduate Student (Boston, MA)
Age: 23 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 3.0 years
Commonness: 5/20
Statement of Opinion:
- I see the potential positive international impact of this.
- On a personal level, this policy doesn't change much for me immediately.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 7 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 7 | 7 |
Journalist (Chicago, IL)
Age: 38 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 7.0 years
Commonness: 3/20
Statement of Opinion:
- It's unlikely to affect my day-to-day, but it's important for global finance.
- There could be long-term shifts in international financial flows.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 8 |
Retired (Miami, FL)
Age: 60 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 0.0 years
Commonness: 6/20
Statement of Opinion:
- I need to review whether these securities provide a reliable return.
- The policy seems less relevant to my current portfolio.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 6 |
Financial Advisor (Los Angeles, CA)
Age: 29 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 4.0 years
Commonness: 4/20
Statement of Opinion:
- This might allow for new products and strategies for clients.
- Overall, a minimal direct impact on my wellbeing.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 7 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 7 | 7 |
Professor of Political Science (Philadelphia, PA)
Age: 45 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 7.0 years
Commonness: 2/20
Statement of Opinion:
- This could be a useful case study for my courses.
- Policy changes contribute to broader educational discussions on aid.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 8 |
Business Consultant (Dallas, TX)
Age: 31 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 3/20
Statement of Opinion:
- New opportunities might arise for businesses in developing countries.
- Immediate impact on my work or life is limited.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 7 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 7 | 7 |
Cost Estimates
Year 1: $0 (Low: $0, High: $0)
Year 2: $0 (Low: $0, High: $0)
Year 3: $0 (Low: $0, High: $0)
Year 5: $0 (Low: $0, High: $0)
Year 10: $0 (Low: $0, High: $0)
Year 100: $0 (Low: $0, High: $0)
Key Considerations
- The policy exempts specific securities from regulatory oversight potentially impacting investment transparency.
- Indirect economic benefits may arise from enhanced global stability due to improved development outcomes in assisted countries.
- Potential shifts in investment strategies by U.S. investors engaging with the IDA securities due to regulatory changes.