1. Short title This Act may be cited as the Stop Onerous Surcharges Act . 2. United states support for a review of surcharge policy at the International Monetary Fund (a) Findings The Congress finds the following: (1) The International Monetary Fund (IMF) imposes a surcharge, in addition to standard interest and service fees, of 200 basis points on outstanding credit provided through its General Resources Account that exceeds 187.5 percent of the IMF country quota, and an additional 100 basis points if that credit has been outstanding for over 36 or 51 months, depending on the facility. (2) According to the IMF, These level and time-based surcharges are intended to help mitigate credit risk by providing members with incentives to limit their demand for Fund assistance and encourage timely repurchases while at the same time generating income for the Fund to accumulate precautionary balances. . (3) Surcharges substantially increase the cost of borrowing from the IMF, constituting, on average, an estimated 39 percent of conventional charges paid by affected countries in the past 5 years. Over the next 5 years, surcharges will make up an estimated 39 percent of Ecuador’s nonprincipal payments on its IMF lending program, and 24 percent of Egypt’s. (4) Despite Russia’s illegal invasion, Ukraine remains one of the countries most heavily burdened by surcharges. From 2024 to 2028, Ukraine is expected to pay the IMF approximately $1,500,000,000 in surcharges alone. (5) The James M. Inhofe National Defense Authorization Act for Fiscal Year 2023 ( Public Law 117–263 ), which became law on December 23, 2022, included language derived from the Ukraine Comprehensive Debt Payment Relief Act of 2022. The Ukraine Comprehensive Debt Payment Relief Act of 2022 requires the Department of Treasury to make efforts to secure debt relief for Ukraine, and was passed by the House of Representatives on May 11, 2022, with overwhelming bipartisan support. (6) As a result of the war in Ukraine and other factors, in January 2024, the World