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HR 2493 111th Congress House

Judgment Evading Foreign States Accountability Act of 2009

Official title: To prevent wealthy and middle-income foreign states that do business, issue securities, or borrow money in the United States, and then fail to satisfy United S… Show full official titleShow less

Official title: To prevent wealthy and middle-income foreign states that do business, issue securities, or borrow money in the United States, and then fail to satisfy United States court judgments totaling $100,000,000 or more based on such activities, from inflicting further economic injuries in the United States, from undermining the integrity of United States courts, and from discouraging responsible lending to poor and developing nations by undermining the secondary and primary markets for sovereign debt.

Introduced: January 13, 2010 See on congress.gov
International Affairs Business investment and capitalCivil actions and liabilityCongressional oversightForeign aid and international relief
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Foreign and international bankingForeign and international corporationsForeign loans and debtGovernment liabilityMultilateral development programsSanctionsSecuritiesU.S. and foreign investments
This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 19, 2009
Referred to House Foreign Affairs
May 19, 2009
Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, 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.
May 19, 2009
Referred to House Financial Services
May 19, 2009
Introduced in House
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 Latest action May 19, 2009

Referred to House Foreign Affairs

 Plain-English summary Congressional Research Service

Judgment Evading Foreign States Accountability Act of 2009 - States the policy of the United States regarding: (1) advocacy within the governing bodies of international organizations and other foreign policy settings for the full compensation and fair treatment of persons in whose favor judgments have been awarded by U.S. courts; (2) protection of economic interests of persons and nations that benefit from a reliable flow of foreign capital by restricting the access to U.S. capital markets of judgment evading foreign states (foreign states that fail to fully satisfy a final judgment exceeding a certain amount for more than two years) and their state-owned corporations, warning of the dangers of dealing financially with such states and state-owned corporations, and congressional scrutiny of requests for aid made by such states; and (3) protection of the authority of the U.S. courts by preventing such states from willfully flouting the judgments of those courts.

Directs the Securities and Exchange Commission (SEC) to: (1) deny a judgment evading foreign state access to U.S. capital markets unless the proceeds of borrowing or securities issuance are to be used in the first instance to satisfy in full all final judgments that form the basis for such designation as such a state; and (2) require all periodic filings made by such a state with the SEC to prominently bear a warning describing its failure to satisfy outstanding judgments. Imposes similar restrictions on state-owned corporations of such states.

Requires: (1) a proposal to extend bilateral or multilateral assistance to a judgment evading state to bear notice that such state is a judgment evading state; and (2) the Secretary of the Treasury to report annually to Congress identifying each such state.

 Related & companion bills 1
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 2493: Judgment Evading Foreign States Accountability Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-2493/
MLA
"H.R. 2493: Judgment Evading Foreign States Accountability Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-2493/.
Bluebook (legal)
H.R. 2493, 111th Cong. (2026), https://openamerica.io/bill/111-HR-2493/.
Markdown link
[H.R. 2493: Judgment Evading Foreign States Accountability Act of 2009](https://openamerica.io/bill/111-HR-2493/)
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