H.R. 3191 · 109th Congress
Multilateral Debt Relief Act of 2005
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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SmithSponsor16 cosponsors · 14 D, 2 R
D
Payne
EB
D
Blumenauer
JC
D
Crowley
LE
D
Evans
MH
D
Honda
TL
D
Lantos
JLR
Leach
JM
D
Millender-McDonald
GM
D
Meeks
TT
R
Tancredo
RW
D
Wexler
DW
D
Watson
EE
D
Engel
WJ
D
Jefferson
CK
D
Kilpatrick
JM
D
McGovern1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Multilateral Debt Relief Act of 2005 - Authorizes: (1) the Secretary of the Treasury to instruct the U.S.
What it does: CRS summary · Introduced in House · Jun 30, 2005
Multilateral Debt Relief Act of 2005 - Authorizes: (1) the Secretary of the Treasury to instruct the U.S. executive director of each international financial institution (the World Bank, the International Monetary Fund, the Inter-American Development Bank, the African Development Bank, and the African Development Fund) to reach an agreement among the shareholders to permanently cancel 100 percent of the debts owed to each such institution by an eligible country (as defined by this Act); and (2) appropriations for the U.S. contribution to such agreement if other members of the international financial institutions contribute funds for such purpose.
Expresses the sense of Congress that the Secretary should pursue additional bilateral and multilateral debt relief for each country eligible for International Development Association grants.
Amends the International Development Association Act to authorize, and authorize appropriations for, the U.S. Governor of the Association to contribute necessary sums to the fourteenth replenishment of the Association.
Amends the African Development Fund Act to authorize, and authorize appropriations for, The U.S. Governor of the Fund to contribute necessary sums to the tenth replenishment of the Fund.
Authorizes appropriations to fulfill U.S. commitments to the Enhanced HIPC Initiative (as defined by this Act).
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Multilateral Debt Relief Act of 2005
Latest action (Jul 29, 2005): Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
Policy area: Foreign Trade and International Finance · Origin: House · Introduced: Jun 30, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.