S 2961 · 111th Congress · International Affairs

Haiti Recovery Act

Introduced 2010-01-28· Sponsored by Sen. Dodd, Christopher J. [D-CT]· Senate

Bill Progress

Introduced
Committee
Senate Vote
4
House
5
Enacted
Latest: Held at the desk.(2010-03-09)

Plain Language Summary

[AI summary unavailable — showing source text] Haiti Recovery Act - Urges the Secretary of the Treasury to direct the U.S. Executive Director to each international financial institution to advocate: (1) the cancellation of all remaining debt obligations of Haiti, including obligations incurred after the date of the enactment of this Act and before February 1, 2012; (2) the provision of debt service relief for all of Haiti's remaining payments; and (3) that new assistance to Haiti should be primarily grants rather than loans. Urges the Secretary to: (1) instruct the U.S. Executive Director of the International Monetary Fund (IMF) to advocate the use of certain proceeds to provide debt stock relief, debt service relief, and grants for low-income countries that are eligible for the Poverty Reduction and Growth Facility or any other programs to assist low-income countries, including Haiti; (2) support the creation of an Inter-American Development Bank trust fund for Haiti that would leverage U.S. contributions and promote bilateral donations for the purpose of investing in Haiti's infrastructure; and (3) direct the U.S. Executive Director of the Inter-American Development Bank to increase earnings transfer to the Fund for Special O…

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

CBO Cost Estimate

Congressional Budget Office

S. 2961, Haiti Recovery Act

Mar 3, 2010

<p>Cost estimate for the bill as ordered reported by the Senate Committee on Foreign Relations on February 24, 2010</p>

Full CBO report ↗

S. 2961, Haiti Recovery Act

Mar 3, 2010

Cost estimate for the bill as ordered reported by the Senate Committee on Foreign Relations on February 24, 2010

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (4)

3 Democrats1 Republican