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Support for Countries in Evaluating Debt Contracts

This act aims to help lower-income countries better understand and negotiate their debt agreements. This can prevent unfavorable financial terms for citizens, potentially leading to more stable economies and better public services in the long run.
Key points
The U.S. will advocate for the International Monetary Fund to assist countries in evaluating debt contracts.
The goal is to support lower-income countries in better managing their sovereign debt.
The act is effective for 5 years, with the Treasury Secretary reporting on progress annually.
article Official text account_balance Process page
VOTING RESULTS
2021-10-25
93%
For 391
Against 29
Abstain 0
Full voting results open_in_new
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_4111
Sponsor: Rep. Waters, Maxine [D-CA-43]
Process start date: 2021-06-23
Voting date: 2021-10-25
Meeting no: 1
Voting no: 332
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Sovereign Debt Contract Capacity Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4111.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-06-23.

What are the main provisions?

Key points include:

  • The U.S. will advocate for the International Monetary Fund to assist countries in evaluating debt contracts.
  • The goal is to support lower-income countries in better managing their sovereign debt.
  • The act is effective for 5 years, with the Treasury Secretary reporting on progress annually.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Waters, Maxine [D-CA-43].

What is the latest detailed status?

The latest detailed status is: 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)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy