H.R. 5299 · 111th Congress
European Bailout Protection Act
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
44 cosponsors · 44 R
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
European Bailout Protection Act - Amends the Bretton Woods Agreements Act to: (1) prohibit U.S.
What it does: CRS summary · Introduced in House · May 13, 2010
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: European Bailout Protection Act
Latest action (May 13, 2010): Referred to the House Committee on Financial Services.
Policy area: Foreign Trade and International Finance · Origin: House · Introduced: May 13, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.