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H.R. 2932 (111th): Stop Very Unscrupulous Loan Transfers from Underprivileged countries to Rich, Exploitive Funds Act


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


6/18/2009--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 at all from engaging in such 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 required court disclosures in actions involving collection of sovereign debt.