H.R. 1798 · 112th Congress
Judgment Evading Foreign States Accountability Act of 2011
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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MackSponsor27 cosponsors · 11 D, 16 R
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Carnahan
PK
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King
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Maloney
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Sanchez
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Higgins
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Owens
ET
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Towns
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Tonko
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Reed
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Napolitano
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Baca
BP
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Posey
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McHenry
AS
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Schock
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Roskam
SC
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Chabot
NH
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Hayworth
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Hochul
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Chu
CG
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Gibson
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Myrick
AM
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Marie Buerkle
MG
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Grimm
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Hanna
SG
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Garrett
DL
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Lungren
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Hurt4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Judgment Evading Foreign States Accountability Act of 2011 - States the policy of the United States regarding: (1) advocacy within the governing bodies of international organizations and other foreign policy settings for the full compensation and fair treatment of persons in whose favor judgments have been awarded by U.S.
What it does: CRS summary · Introduced in House · May 6, 2011
Judgment Evading Foreign States Accountability Act of 2011 - States the policy of the United States regarding: (1) advocacy within the governing bodies of international organizations and other foreign policy settings for the full compensation and fair treatment of persons in whose favor judgments have been awarded by U.S. courts; (2) protection of economic interests of persons and nations that benefit from a reliable flow of foreign capital by restricting the access to U.S. capital markets of judgment evading foreign states (foreign states that fail to fully satisfy a final judgment exceeding a certain amount for more than two years) and their state-owned corporations, warning of the dangers of dealing financially with such states and state-owned corporations, and calling upon international financial institutions to vote against providing funding or foreign capital to judgment evading foreign states; and (3) further solidification of the authority of the U.S. courts by preventing such states from willfully flouting the judgments of those courts.
Directs the Securities and Exchange Commission (SEC) to: (1) deny a judgment evading foreign state access to U.S. capital markets; and (2) require all periodic filings made by such a state with the SEC to bear prominently a warning describing its failure to satisfy outstanding judgments. Imposes similar restrictions on state-owned corporations of such states.
Requires: (1) a proposal to extend bilateral or multilateral assistance to a judgment evading state to bear notice that such state is a judgment evading state; and (2) the Secretary of the Treasury to notify Congress promptly of the proposal.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Judgment Evading Foreign States Accountability Act of 2011
Latest action (Nov 29, 2012): Forwarded by Subcommittee to Full Committee in the Nature of a Substitute (Amended) by Voice Vote .
Policy area: International Affairs · Origin: House · Introduced: May 6, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.