H.R. 391 — Responsible Debt Relief and Democracy Reform Act

Summary

Responsible Debt Relief and Democracy Reform Act - Amends the Foreign Assistance Act of 1961 to authorize the President to cancel or reduce amounts owed to the United States by foreign countries as a result of concessional or nonconcessional loans made, guarantees issued, or credits extended under any other provision of law, but only if, in addition to satisfying specified requirements for debt cancellation or reduction, such country: (1) ensures certain democratic freedoms; (2) provides for the reduction or elimination of corruption among its public officials; (3) does not engage in a consistent pattern of gross violations of internationally recognized human rights; and (4) does not repeatedly provide support for acts of international terrorism. Sets forth specified circumstances under which the President may waive one or more of such requirements.

Expresses the sense of Congress that the President should instruct the U.S. Executive Director at each international financial institution to use the U.S. voice, vote, and influence to urge that the cancellation or reduction of debt owed to the institution by a country be provided only if it meets the additional requirements of this Act.

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Legislative Actions

2001-01-31
Introduced in House
2001-01-31
Introduced in House
2001-01-31
Referred to the Committee on International Relations, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (text of measure as introduced: CR E100-101)
2001-01-31
Referred to the Committee on International Relations, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (text of measure as introduced: CR E100-101)
2001-01-31
Referred to the Committee on International Relations, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2001-01-31
Referred to the Committee on International Relations, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2001-02-01
Sponsor introductory remarks on measure. (CR E100)
2001-03-02
Referred to the Subcommittee on Domestic Monetary Policy, Technology and Economic Growth, for a period to be subsequently determined by the Chairman.

Responsible Debt Relief and Democracy Reform Act

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