HCONRES 44 · 101th Congress · International Affairs
Calling on the International Bank for Reconstruction and Development to, and bank regulators to encourage banks to, reduce the debt service burden of debtor nations in exchange for steps taken by such nations to protect tropical rain forests and other natural resources.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on International Development, Finance, Trade, and Monetary Policy.(1989-03-01)
Plain Language Summary
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Calls on the International Bank for Reconstruction and Development, and urges the Comptroller of the Currency, the Chairman of the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation to encourage each bank under their respective jurisdictions, to enter into agreements to reduce the outstanding debt burden of debtor nation clients if such nations agree to protect their tropical rain forests and other natural resources.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
18 Democrats2 Republicans