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HR 4836 114th Congress House International Affairs Budget deficits and national debt Foreign loans and debt International monetary system and foreign exchange Multilateral development programs

To require the United States to oppose the provision by the International Monetary Fund of a loan to a country whose public debt is not likely to be sustainable in the medium term, and for other purposes.

Introduced: March 22, 2016 Introduced by: Huizenga, Bill Republican · Michigan 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
Mar 22, 2016
Referred to the House Committee on Financial Services.
Mar 22, 2016
Introduced in House
 Plain-English summary Congressional Research Service

This bill amends the Bretton Woods Agreements Act to direct the Treasury to instruct the U.S. Executive Director at the International Monetary Fund (IMF) to oppose any proposed IMF loan to a country about which an IMF staff analytical report finds no high probability that the country's public debt is sustainable in the medium term (currently, only if the proposed loan is not likely to be repaid in full).

The President may waive this requirement for purposes of U.S. national security interests.

What's happening now March 22, 2016

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1