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HCONRES 132 106th Congress House

Expressing the sense of the Congress in opposition to the use of proceeds from gold sales by the International Monetary Fund for structural adjustment programs in developing countries.

Introduced: September 21, 1999 See on congress.gov
International Affairs Debt reliefDeveloping countriesEconomic developmentEconomic growth
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Economics and Public FinanceForeign Trade and International FinanceForeign loansGold reservesInternational agenciesInternational monetary systemMultilateral development banks
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This resolution expired with the 106th Congress
It was not agreed to before the 106th Congress (1999–2000) adjourned, so it is no longer active. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
Jun 25, 1999
Referred to the Subcommittee on Domestic and International Monetary Policy.
Jun 14, 1999
Referred to the House Committee on Banking and Financial Services.
Jun 14, 1999
Introduced in House
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 Latest action June 25, 1999

Referred to the Subcommittee on Domestic and International Monetary Policy.

 Plain-English summary Congressional Research Service

Expresses the sense of Congress that: (1) the external debt of developing countries with Enhanced Structural Adjustment Facility (ESAF) loans nearly doubled and their economic growth was slower than that for non-ESAF developing countries; (2) poor countries should no longer have to go through years of harsh International Monetary Fund (IMF)-imposed policies; (3) it should be U.S. policy to oppose gold sales to fund the IMF's ESAF program; and (4) any proceeds from the sale or other conversion of IMF gold stocks should go directly to cancel debts owed to the IMF and not to programs controlled by the IMF or the World Bank.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 3 Independent 1
I
Sanders, Bernard
Vermont · Sep 21, 1999
 D
Pallone, Frank
New Jersey · Jul 21, 1999
 D
Meeks, Gregory W.
New York · Jul 12, 1999
 D
Waters, Maxine
California · Jun 24, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). H. Con. Res. 132: Expressing the sense of the Congress in opposition to the use of proceeds from gold sales by the International Monetary Fund for structural adjustment programs in developing countries.. 106th Congress. Open America. https://openamerica.io/bill/106-HCONRES-132/
MLA
"H. Con. Res. 132: Expressing the sense of the Congress in opposition to the use of proceeds from gold sales by the International Monetary Fund for structural adjustment programs in developing countries.." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HCONRES-132/.
Bluebook (legal)
H. Con. Res. 132, 106th Cong. (2026), https://openamerica.io/bill/106-HCONRES-132/.
Markdown link
[H. Con. Res. 132: Expressing the sense of the Congress in opposition to the use of proceeds from gold sales by the International Monetary Fund for structural adjustment programs in developing countries.](https://openamerica.io/bill/106-HCONRES-132/)
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