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.
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.
Waters moved to suspend the rules and pass the bill.
(consideration: CR H5838-5840)
Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
(consideration: CR H5854)
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)
(2/3 required): 391 - 29 (Roll no. 332). (text: CR H5838-5839)