HOUSE 4111117th CongressReceived in the Senate and Read twice and referred to the Committee on Foreign Relations.

Sovereign Debt Contract Capacity Act

Last Action: 10/26/2021

Actions

2021-10-26Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
2021-10-25Motion to reconsider laid on the table Agreed to without objection.
2021-10-25On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 391 - 29 (Roll no. 332). (text: CR H5838-5839)
2021-10-25Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 391 - 29 (Roll no. 332).(text: CR H5838-5839)
2021-10-25Considered as unfinished business. (consideration: CR H5854)
2021-10-25At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
2021-10-25DEBATE - The House proceeded with forty minutes of debate on H.R. 4111.
2021-10-25Considered under suspension of the rules. (consideration: CR H5838-5840)
2021-10-25Ms. Waters moved to suspend the rules and pass the bill.
2021-06-23Referred to the House Committee on Financial Services.
2021-06-23Introduced in House
2021-06-23Introduced in House

CRS Summary

As of 2021-10-25 (53)

Sovereign Debt Contract Capacity Act

This bill requires the Department of the Treasury to instruct the U.S. Executive Director at the International Monetary Fund to advocate for the fund to promote international standards and best practices with respect to sovereign debt contracts and to provide technical assistance to fund members. Such assistance should focus on lower middle-income countries in order to enhance their capacity to evaluate the legal and financial terms of sovereign debt contracts with private sector creditors.

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