 H.R.2634
Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 2007
To provide for greater responsibility in lending and expanded cancellation of debts owed to the United States and the international financial institutions by low-income countries, and for other purposes.
 30 Total Points
Summary
Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 2007 - Amends the International Financial Institutions Act to direct the Secretary of the Treasury, within the Paris Club of Official Creditors, the International Monetary Fund (IMF), the International Bank for Reconstruction and Development (World Bank), and other international financial institutions, to: (1) provide for debt cancellation of eligible low-income countries (as defined by this Act) to such institutions and to the United States; (2) provide for establishment of frameworks for creditor transparency and responsible lending; and (3) provide that such debt cancellation is not conditioned on harmful economic or environmental conditions. Directs the Government Accountability Office (GAO) to audit the debt portfolios of previous governments in certain countries, including South Africa and the Democratic Republic of Congo. What do you think?
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Legislation Detail
 Viewed 607 times.
Legislation Slant
Latest Action:
Referred to Senate committee. Status: Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
This action occurred on Thursday, April 24, 2008 and earned 5 points.
Legislative Progress
Introduced in the House on June 7, 2007
Passed in the House on April 16, 2008
Introduced in the Senate on April 24, 2008
Votes
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