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Support for indebted countries: debt relief and financial transparency

This bill aims to support international efforts to reduce the debt of developing countries. The goal is to help these countries manage their finances better, which can indirectly affect economic and trade stability, and thus the prices of products and the availability of imported goods that may be important to citizens.
Key points
Support for international programs assisting indebted countries to repay debts more sustainably.
Requirement for greater transparency in country debt and equal treatment for all creditors.
Reporting on debt reduction progress and how freed-up funds are used for pandemic response, climate change, and development.
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Expired
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Additional Information
Print number: 117_HR_6549
Sponsor: Rep. Ocasio-Cortez, Alexandria [D-NY-14]
Process start date: 2022-02-01
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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

To provide support for international initiatives to provide debt relief to developing countries with unsustainable levels of debt, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6549.

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 2022-02-01.

What are the main provisions?

Key points include:

  • Support for international programs assisting indebted countries to repay debts more sustainably.
  • Requirement for greater transparency in country debt and equal treatment for all creditors.
  • Reporting on debt reduction progress and how freed-up funds are used for pandemic response, climate change, and development.
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

Who is the primary sponsor?

The primary sponsor is Rep. Ocasio-Cortez, Alexandria [D-NY-14].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

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

CATEGORIES

Economy