H.R. 6796 · 110th Congress
Stop Very Unscrupulous Loan Transfers from Underprivileged countries to Rich, Exploitive Funds Act
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
WatersSponsor9 cosponsors · 9 D
D
Conyers
LG
D
Gutiérrez
MH
D
Hinchey
BL
D
Lee
GM
D
Moore
DP
D
Payne
DW
D
Wasserman Schultz
EN
D
Norton
JS
D
Schakowsky7 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Stop Very Unscrupulous Loan Transfers from Underprivileged Countries to Rich, Exploitive Funds Act or the Stop VULTURE Funds Act - Prohibits: (1) any U.S. person from engaging in sovereign debt profiteering, or any person engaging in sovereign debt profiteering in the United States; and (2) any U.S.
What it does: CRS summary · Introduced in House · Aug 1, 2008
Stop Very Unscrupulous Loan Transfers from Underprivileged Countries to Rich, Exploitive Funds Act or the Stop VULTURE Funds Act - Prohibits: (1) any U.S. person from engaging in sovereign debt profiteering, or any person engaging in sovereign debt profiteering in the United States; and (2) any U.S. court from issuing a summons, subpoena, writ, judgment, attachment, or execution in aid of a claim which would further sovereign debt profiteering.
Sets forth: (1) required court disclosures in actions involving collection of sovereign debt; and (2) related responsibilities of the Secretary of the Treasury.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Stop Very Unscrupulous Loan Transfers from Underprivileged countries to Rich, Exploitive Funds Act
Also known as: Stop VULTURE Funds Act
Latest action (Aug 1, 2008): Referred to the Committee on the Judiciary, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Policy area: Foreign Trade and International Finance · Origin: House · Introduced: Aug 1, 2008
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.