http://www.washingtonwatch.com/bills info@washingtonwatch.com http://www.pjdoland.com/chai/?v=0.1 http://www.washingtonwatch.com/bills/show/110_SN_2166.html#43643 This is such BULL. Why does the US continue to try and bail everyone out that makes bad decisions?? Whether it be here or abroad?? Since the senate and congress wants to bail everyone out and do away with debt, why not just give everyone in the US that has made bad decisions and ran credit cards up a free pass too? Put everyone on WELFARE!!!... 43643@http://www.washingtonwatch.com Mon, 22 Sep 2008 00:00:00 EDT http://www.washingtonwatch.com/bills/history/110_SN_2166.html?rev=30435 <p>S. 2166 would 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.</p> <h2 id="toc0"> Detailed Summary </h2> <p>Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 2008 - (Sec. 3) Expresses the sense of Congress that U.S. debt cancellation or international debt relief to eligible low-income countries should not be followed by a reduction in other development assistance to such countries.</p> <p>(Sec. 4) 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 to such institutions and to the United States; (2) require low-income countries to allocate debt cancellation savings towards poverty-reducing expenditures; and (3) provide for establishment of frameworks for creditor transparency and responsible lending.</p> <p>States that the Government Accountability Office (GAO) should audit the multilateral debt portfolios of previous governments in countries such as South Africa and the Democratic Republic of Congo where significant concern exists that unsustainable loans were made to the government.</p> <p>Directs the Secretary to make available on the Department of the Treasury website the full record of the U.S. Executive Director's remarks at meetings of the boards of directors of the IMF, the World Bank, and other international financial institutions about cancellation or reduction of debts owed to the institution involved.</p> <p>Requires five annual reports to the House Committees on Financial Services and on Foreign Affairs and to the Senate Committees on Foreign Relations and on Banking, Housing, and Urban Affairs (committees) by: (1) GAO regarding operations of the IMF, the World Bank, and other international financial institutions for canceling the debt of eligible low-income countries; and (2) the Secretary regarding activities undertaken under this section, and other progress made in accomplishing the purposes of this section, for the prior fiscal year, including a list of countries whose debt cancellation requests have been granted, denied or are under consideration.</p> <p>Defines &amp;quot;eligible low-income country.&amp;quot;</p> <p>(Sec. 5) Directs the Secretary to commence immediate efforts within the Paris Club of Official Creditors, the IMF, the World Bank and other international financial institutions to ensure that the provision of debt cancellation to eligible low-income countries is not conditioned on any agreement by such a country to implement or comply with policies that deepen poverty, significantly increase the costs of public services for low-income households, or degrade the environment.</p> <p>Requires a report to the committees concerning previous rounds of debt cancellation.</p> <p>(Sec. 6) Expresses the sense of Congress that due to the current humanitarian and political instability in Haiti, including food shortages and political turmoil, the Secretary should use the Secretary's influence to expedite cancellation of Haiti's debts to all international financial institutions, or if such debt cancellation cannot be provided, to urge the institutions to suspend Haiti's debt service payments.</p> <p>(Sec. 7) Directs the Secretary, by June 30, 2009, to report to the committees regarding the feasibility and design of a facility to provide temporary financing to relieve debt service burdens in the case of shocks to the economies of low-income countries beyond their control, including natural disasters and commodity price spikes.</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc1"> Status of the Legislation </h2> <p>Latest Major Action: 8/1/2008: Placed on Senate Legislative Calendar under General Orders. Calendar No. 934.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc2"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc3"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 30435@http://www.washingtonwatch.com Thu, 11 Sep 2008 00:00:00 EDT http://www.washingtonwatch.com/bills/history/110_SN_2166.html?rev=29380 <p>S. 2166 would 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.</p> <h2 id="toc4"> Detailed Summary </h2> <p>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.</p> <p>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.</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc5"> Status of the Legislation </h2> <p>Latest Major Action: 8/1/2008: Placed on Senate Legislative Calendar under General Orders. Calendar No. 934.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc6"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc7"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 29380@http://www.washingtonwatch.com Sat, 02 Aug 2008 00:00:00 EDT http://www.washingtonwatch.com/bills/show/110_SN_2166.html 8/1/2008: Placed on Senate Legislative Calendar under General Orders. Calendar No. 934. 38812@http://www.washingtonwatch.com Fri, 01 Aug 2008 00:00:00 EDT http://www.washingtonwatch.com/bills/history/110_SN_2166.html?rev=26436 <p>S. 2166 would 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.</p> <h2 id="toc8"> Detailed Summary </h2> <p>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.</p> <p>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.</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc9"> Status of the Legislation </h2> <p>Latest Major Action: 6/24/2008: Senate committee/subcommittee actions. Status: Committee on Foreign Relations. Ordered to be reported with amendments favorably.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc10"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc11"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 26436@http://www.washingtonwatch.com Wed, 25 Jun 2008 00:00:00 EDT http://www.washingtonwatch.com/bills/show/110_SN_2166.html 6/24/2008: Senate committee/subcommittee actions. Status: Committee on Foreign Relations. Ordered to be reported with amendments favorably. 37090@http://www.washingtonwatch.com Tue, 24 Jun 2008 00:00:00 EDT http://www.washingtonwatch.com/bills/history/110_SN_2166.html?rev=22769 <p>S. 2166 would 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.</p> <h2 id="toc12"> Detailed Summary </h2> <p>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.</p> <p>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.</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc13"> Status of the Legislation </h2> <p>Latest Major Action: 4/24/2008: Senate committee/subcommittee actions. Status: Committee on Foreign Relations. Hearings held.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc14"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc15"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 22769@http://www.washingtonwatch.com Fri, 25 Apr 2008 00:00:00 EDT http://www.washingtonwatch.com/bills/show/110_SN_2166.html 4/24/2008: Senate committee/subcommittee actions. Status: Committee on Foreign Relations. Hearings held. 35016@http://www.washingtonwatch.com Thu, 24 Apr 2008 00:00:00 EDT http://www.washingtonwatch.com/bills/history/110_SN_2166.html?rev=12681 <p>S. 2166 would 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.</p> <h2 id="toc16"> Detailed Summary </h2> <p>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.</p> <p>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.</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc17"> Status of the Legislation </h2> <p>Latest Major Action: 10/16/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Foreign Relations.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc18"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc19"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 12681@http://www.washingtonwatch.com Fri, 26 Oct 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/history/110_SN_2166.html?rev=11656 <p>S. 2166 would 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.</p> <h2 id="toc20"> Detailed Summary </h2> <p>(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc21"> Status of the Legislation </h2> <p>(Log in to edit the wiki and be the first to update the status of the bill!)</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc22"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc23"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 11656@http://www.washingtonwatch.com Mon, 22 Oct 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/history/110_SN_2166.html?rev=11657 <p>S. 2166 would 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.</p> <h2 id="toc24"> Detailed Summary </h2> <p>(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc25"> Status of the Legislation </h2> <p>Latest Major Action: 10/16/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Foreign Relations.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc26"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc27"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 11657@http://www.washingtonwatch.com Mon, 22 Oct 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/show/110_SN_2166.html 10/16/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Foreign Relations. 26553@http://www.washingtonwatch.com Tue, 16 Oct 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/show/110_SN_2166.html 10/16/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Foreign Relations. 29784@http://www.washingtonwatch.com Tue, 16 Oct 2007 00:00:00 EDT