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HR 5299 111th Congress House

European Bailout Protection Act

Official title: To temporarily prohibit United States loans to the International Monetary Fund to be used to provide financing for any member state of the European Union.

Introduced: May 19, 2010 See on congress.gov
Foreign Trade and International Finance Budget deficits and national debtEuropeEuropean UnionForeign loans and debt
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International monetary system and foreign exchangeInternational organizations and cooperation
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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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 13, 2010
Referred to the House Committee on Financial Services.
May 13, 2010
Introduced in House
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 Latest action May 13, 2010

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

European Bailout Protection Act - Amends the Bretton Woods Agreements Act to: (1) prohibit U.S. loans to the International Monetary Fund (IMF) for assistance to any European Union (EU) member state until the ratio of the total outstanding public debt of each member state to its gross domestic product (as of the end of the most recent fiscal year of the member state ending in the preceding calendar year) is not more than 60%; and (2) direct the Secretary of the Treasury to oppose any IMF loans to member states until all member states are in compliance with such debt ratio.

 Related & companion bills 1
  • S 3383 Related bill A bill to temporarily prohibit the United States loans to the International Monetary Fund to be used to provide financi…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 16
All 16 Republican 14
R
Capito, Shelley Moore
West Virginia · Jun 8, 2010
 R
Foxx, Virginia
North Carolina · May 24, 2010
 R
Rogers, Harold
Kentucky · May 24, 2010
 R
Buchanan, Vern
Florida · May 19, 2010
 R
Calvert, Ken
California · May 19, 2010
 R
Latta, Robert E.
Ohio · May 19, 2010
 R
Moran, Jerry
Kansas · May 19, 2010
 R
Blackburn, Marsha
Tennessee · May 18, 2010
 R
Carter, John R.
Texas · May 18, 2010
Chaffetz, Jason
· May 18, 2010
 R
Graves, Sam
Missouri · May 18, 2010
Griffith, Parker
· May 18, 2010
 R
McClintock, Tom
California · May 18, 2010
 R
Simpson, Michael K.
Idaho · May 18, 2010
 R
Wilson, Joe
South Carolina · May 18, 2010
 R
Wittman, Robert J.
Virginia · May 18, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5299: European Bailout Protection Act. 111th Congress. Open America. https://openamerica.io/bill/111-HR-5299/
MLA
"H.R. 5299: European Bailout Protection Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-5299/.
Bluebook (legal)
H.R. 5299, 111th Cong. (2026), https://openamerica.io/bill/111-HR-5299/.
Markdown link
[H.R. 5299: European Bailout Protection Act](https://openamerica.io/bill/111-HR-5299/)
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