H.R. 6796 (110th): Stop Very Unscrupulous Loan Transfers from Underprivileged countries to Rich, Exploitive Funds Act

Introduced:
Aug 01, 2008 (110th Congress, 2007–2009)
Status:
Died (Referred to Committee)
Sponsor
Maxine Waters
Representative for California's 35th congressional district
Party
Democrat
Text
Read Text »
Last Updated
Aug 01, 2008
Length
18 pages
Related Bills
H.R. 2932 (111th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Jun 18, 2009

 
Status

This bill was introduced on August 1, 2008, in a previous session of Congress, but was not enacted.

Progress
Introduced Aug 01, 2008
Referred to Committee Aug 01, 2008
 
Full Title

To prevent speculation and profiteering in the defaulted debt of certain poor countries, and for other purposes.

Summary

No summaries available.

Cosponsors
9 cosponsors (9D) (show)
Committees

House Financial Services

House Judiciary

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


8/1/2008--Introduced.
Stop Very Unscrupulous Loan Transfers from Underprivileged Countries to Rich, Exploitive Funds Act or the Stop VULTURE Funds Act - Prohibits: (1) any U.S. person from engaging in sovereign debt profiteering, or any person engaging in sovereign debt profiteering in the United States; and (2) any U.S. court from issuing a summons, subpoena, writ, judgment, attachment, or execution in aid of a claim which would further sovereign debt profiteering.
Sets forth: (1) required court disclosures in actions involving collection of sovereign debt; and (2) related responsibilities of the Secretary of the Treasury.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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