H.R. 4111

Referred to Committee

Sovereign Debt Contract Capacity Act

Introduced 6/23/2021•117th Congress•House

Congress.gov

Latest Action

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

10/26/2021 • Senate

Summary

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.

Passed House • 10/25/2021

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Topics & Subjects

Policy Area: International Affairs

Budget deficits and national debtCongressional oversightForeign aid and international reliefForeign loans and debtInternational monetary system and foreign exchange