HR 5299
111th Congress
House
Foreign Trade and International Finance
Budget deficits and national debt
Europe
European Union
Foreign loans and debt
International monetary system and foreign exchange
International organizations and cooperation
European Bailout Protection Act
Introduced: May 13, 2010
See on congress.gov
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
Plain-English summary
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.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1