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HR 2830 113th Congress House International Affairs Budget deficits and national debt Congressional oversight Foreign aid and international relief Securities

Prioritizing Debt Reduction in U.S. Foreign Assistance Act of 2013

Introduced: July 25, 2013 Introduced by: McCaul, Michael T. Republican · Texas See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 25, 2013
Referred to the House Committee on Foreign Affairs.
Jul 25, 2013
Introduced in House
 Plain-English summary Congressional Research Service

Prioritizing Debt Reduction in U.S. Foreign Assistance Act of 2013 - Expresses the sense of Congress that: (1) the growing federal debt jeopardizes U.S. national security and economic stability, and (2) paying money owed to America's major foreign debt holders is a better use of American taxpayer dollars than providing such debt holders with foreign assistance.

Amends the Foreign Assistance Act of 1961 to prohibit, with specified exceptions, assistance to any country whose government holds more than $500 billion in U.S. Treasury securities.

Directs the Secretary of State to report to Congress on the provision of U.S. foreign assistance to countries whose governments hold U.S. Treasury securities.

What's happening now July 25, 2013

Referred to the House Committee on Foreign Affairs.

 Committees of jurisdiction 1