S 1458 · 105th Congress · Foreign Trade and International Finance

Accountability for International Bailouts Act of 1997

Introduced 1997-11-08· Sponsored by Sen. Faircloth, Lauch [R-NC]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking.(1997-11-08)

Plain Language Summary

[AI summary unavailable — showing source text] Accountability for International Bailouts Act of 1997 - Amends Federal monetary law governing exchange rate stabilization to require the Secretary of the Treasury to obtain congressional approval before incurring any obligation or making any expenditure or guarantee through the stabilization fund in excess of $250 million for the purpose of engaging in a coordinated international rescue plan for any foreign entity or any government of a foreign country.…

Summarized by Claude AI · Non-partisan · For informational purposes only