To prohibit furnishing of additional loans or credit guarantees by the United States to any foreign country which is in default or arrears in the payment of principal or interest on any loan made to the country by the United States or for which the United States has been obligated to make payments under a credit guarantee.
Taxpayer Protection Act - Prohibits Federal agencies from making a loan to, or guaranteeing the repayment of credit for, a foreign country if: (1) the country is in default or arrears in the payment to the United States of principal or interest on a loan; or (2) the United States has been obligated to make reimbursing payments to a commercial creditor under a credit guarantee issued on behalf of the country and the country has not repaid the United States the total amount of payments made under such guarantee.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E530-531)
Referred to the House Committee on Agriculture.
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the House Committee on Foreign Affairs.
Referred to the Subcommittee on Foreign Agriculture and Hunger.
Referred to the Subcommittee on International Development, Finance, Trade and Monetary Policy.
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