SRES 397 · 99th Congress · Finance and Financial Sector

A resolution expressing the sense of the Senate regarding the lending practices of multilateral development banks.

Introduced 1986-05-07· Sponsored by Sen. Quayle, Dan [R-IN]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to the Committee on Foreign Relations.(1986-05-07)

Plain Language Summary

[AI summary unavailable — showing source text] Expresses the sense of the Senate that the Secretary of the Treasury should instruct each U.S. Executive Director of various multilateral development banks to urge such banks, when considering the approval of a loan, to: (1) avoid lending practices that encourage the use of export subsidies to gain export sales; (2) encourage open access to markets; (3) follow the instruction of the law with respect to loans used for increasing production of commodities; (4) adhere to the purposes of the charter of such banks; and (5) oppose loans which result in the production of commodities in oversupply.…

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

Cosponsors (6)

1 Democrat5 Republicans