HR 4111 · 117th Congress · International Affairs
Sovereign Debt Contract Capacity Act
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Introduced✓
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House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Foreign Relations.(2021-10-26)
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Plain Language Summary
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Sovereign Debt Contract Capacity Act This bill requires the Department of the Treasury to instruct the U.S. Executive Director at the International Monetary Fund to advocate for the fund to promote international standards and best practices with respect to sovereign debt contracts and to provide technical assistance to fund members. Such assistance should focus on lower middle-income countries in order to enhance their capacity to evaluate the legal and financial terms of sovereign debt contracts with private sector creditors.…
Summarized by Claude AI · Non-partisan · For informational purposes only