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Ukraine Debt Relief Act: Financial and Humanitarian Support

This act aims to assist Ukraine in its financial difficulties by seeking to suspend its international debt payments. This means the United States will urge financial institutions to temporarily halt debt collection from Ukraine, potentially helping to stabilize its economy. Additionally, the act provides financial support for Ukrainian refugees and the countries hosting them.
Key points
Suspension of Ukraine's Debt Payments: The U.S. will advocate for international financial institutions to suspend debt service payments owed by Ukraine.
Support for Refugees: The act provides economic support for refugees from Ukraine, including those of African descent, and for countries receiving them.
Financial Aid for Ukraine: The U.S. will support providing concessional financial assistance to Ukraine.
Reporting Requirement: The U.S. President must report annually to Congress on activities under this act, and these reports will be made public.
Duration: The provisions of this act will be in effect for 7 years from its enactment date, unless the President waives them earlier.
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VOTING RESULTS
2022-05-11
87%
For 362
Against 56
Abstain 0
Full voting results open_in_new
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_7081
Sponsor: Rep. Garcia, Jesus G. "Chuy" [D-IL-4]
Process start date: 2022-03-15
Voting date: 2022-05-11
Meeting no: 2
Voting no: 160