Sovereign Debt Contract Capacity Act
Summary
Sovereign Debt Contract Capacity Act This bill requires the Department of the Treasury to instruct the U.S. Executive Director at the International Monetary Fund to advocate for the fund to promote international standards and best practices with respect to sovereign debt contracts and to provide technical assistance to fund members. Such assistance should focus on lower middle-income countries in order to enhance their capacity to evaluate the legal and financial terms of sovereign debt contracts with private sector creditors.
Bill status
passed
3 of 5 stages cleared
Introduction
Jun 2021
Committee Review
Oct 2021
House Passage
Oct 2021
Senate Passage
President
Introduced Jun 23, 2021
Last action Oct 26, 2021
Floor votes · House Oct 25, 2021
How they voted
391–29
Passed · 11 other
Total votes 431
Oct 25, 2021
D
Democratic219
98% Yea
R
Republican212
82% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
11
Key actions
1
Committee
2
Oct 26, 2021
Committee
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
upper
Oct 25, 2021
Lower · Passed
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 391 - 29 (Roll no. 332).(text: CR H5838-5839)
lower
Jun 23, 2021
Committee
Referred to the House Committee on Financial Services.
lower
Jun 23, 2021
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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