Urges the President to encourage: (1) the major private creditors of Mexico to provide for a reduction of Mexico's debt and debt-service costs; and (2) U.S. banking regulators to require commercial banks to establish prudent reserves for impaired foreign debt.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the Subcommittee on International Development, Finance, Trade, and Monetary Policy.
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee (Amended).
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended).
Mr. Fauntroy moved to suspend the rules and agree to the resolution, as amended.
Mr. Leach (IA) demanded a second on the motion to suspend the rules.
On ordering a second Agreed to without objection.
Considered under suspension of the rules.
DEBATE - The House proceeded with forty minutes of debate.
Yeas and Nays were ordered. Further proceedings on the motion were postponed.
Considered as unfinished business.
Passed/agreed to in House: On motion to suspend the rules and agree to the resolution, as amended Agreed to by the Yeas and Nays: (2/3 required): 331 - 77 (Roll no. 130).
Roll Call #130 (House)On motion to suspend the rules and agree to the resolution, as amended Agreed to by the Yeas and Nays: (2/3 required): 331 - 77 (Roll no. 130).
Roll Call #130 (House)Motion to reconsider laid on the table Agreed to without objection.
Read twice and referred to the Committee on Banking.
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