Stop Onerous Surcharges Act

This bill directs the U.S. Treasury to instruct the U.S. representative at the International Monetary Fund (IMF) to immediately review and suspend IMF surcharges on member countries. It specifically targets the 200-300 basis point fees applied to IMF loans exceeding certain thresholds, which the bill states constitute up to 39% of debt payments for some nations like Ecuador and Egypt, and will cost Ukraine an estimated $1.5 billion in surcharges from 2024-2028. The review requires a 365-day analysis of surcharge impacts on national budgets (including health, education, and food security), effectiveness in reducing IMF credit risk, and potential unintended consequences like pushing countries toward predatory loans. The bill mandates this review be completed and results published within a year, with surcharges suspended during the process.