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    <number>3533</number>
    <updateDate>2023-01-15T08:33:24Z</updateDate>
    <updateDateIncludingText>2023-01-15T08:33:24Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2003-11-19</introducedDate>
    <congress>108</congress>
    <committees>
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        <systemCode>hsba00</systemCode>
        <name>Financial Services Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
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          <item>
            <systemCode>hsba19</systemCode>
            <name>Domestic Monetary Policy and Technology Subcommittee</name>
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              <item>
                <name>Referred to</name>
                <date>2004-01-02T16:33:13Z</date>
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        <activities>
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            <name>Referred to</name>
            <date>2003-11-19T15:00:35Z</date>
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        <name>Budget Committee</name>
        <chamber>House</chamber>
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            <name>Referred to</name>
            <date>2003-11-19T15:00:30Z</date>
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        <actionDate>2004-01-02</actionDate>
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            <systemCode>hsba19</systemCode>
            <name>Domestic Monetary Policy and Technology Subcommittee</name>
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        <text>Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology, for a period to be subsequently determined by the Chairman.</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2003-11-19</actionDate>
        <text>Referred to the Committee on the Budget, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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            <systemCode>hsba00</systemCode>
            <name>Financial Services Committee</name>
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      <item>
        <actionDate>2003-11-19</actionDate>
        <text>Referred to the Committee on the Budget, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
        <type>IntroReferral</type>
        <actionCode>H11100-A</actionCode>
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          <code>9</code>
          <name>Library of Congress</name>
        </sourceSystem>
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      <item>
        <actionDate>2003-11-19</actionDate>
        <text>Referred to the Committee on the Budget, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
        <type>IntroReferral</type>
        <actionCode>H11100</actionCode>
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          <code>2</code>
          <name>House floor actions</name>
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            <systemCode>hsbu00</systemCode>
            <name>Budget Committee</name>
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        <actionDate>2003-11-19</actionDate>
        <text>Introduced in House</text>
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        <actionDate>2003-11-19</actionDate>
        <text>Introduced in House</text>
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    <sponsors>
      <item>
        <bioguideId>S000097</bioguideId>
        <fullName>Rep. Saxton, Jim [R-NJ-3]</fullName>
        <firstName>H.</firstName>
        <lastName>SAXTON</lastName>
        <party>R</party>
        <state>NJ</state>
        <middleName>JAMES</middleName>
        <district>3</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <policyArea>
      <name>Economics and Public Finance</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Appropriations</name>
        </item>
        <item>
          <name>Developing countries</name>
        </item>
        <item>
          <name>Development credit institutions</name>
        </item>
        <item>
          <name>Finance and Financial Sector</name>
        </item>
        <item>
          <name>Foreign Trade and International Finance</name>
        </item>
        <item>
          <name>Foreign loans</name>
        </item>
        <item>
          <name>Government lending</name>
        </item>
        <item>
          <name>Interest rates</name>
        </item>
        <item>
          <name>International Affairs</name>
        </item>
        <item>
          <name>International monetary system</name>
        </item>
        <item>
          <name>Subsidies</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Economics and Public Finance</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2003-11-19</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2003-12-30T22:45:40Z</updateDate>
        <text><![CDATA[ <p>Amends the Federal Credit Reform Act of 1990 to declare that, beginning with FY 2005, no appropriation may be made for an increase in the quota of the United States in the International Monetary Fund (IMF) unless it includes new budget authority sufficient to cover the estimated costs to the United States of providing direct loans, loan guarantees, other financing mechanisms (and their modifications) made by or through the IMF to IMF borrowing nations at interest rates below the cost to the Government after appropriate adjustments for maturity and credit risk.</p> <p>Requires the expenditures in the President's budget to reflect the costs to the Government of providing credit to IMF borrowing nations at such interest rates.</p>]]></text>
      </summary>
    </summaries>
    <title>To amend the Federal Credit Reform Act of 1990 to require appropriations to cover the estimated subsidy costs of monetary resources provided by the United States Government to the International Monetary Fund, and for other purposes.</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>To amend the Federal Credit Reform Act of 1990 to require appropriations to cover the estimated subsidy costs of monetary resources provided by the United States Government to the International Monetary Fund, and for other purposes.</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Federal Credit Reform Act of 1990 to require appropriations to cover the estimated subsidy costs of monetary resources provided by the United States Government to the International Monetary Fund, and for other purposes.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2003-11-19T05:00:00Z</date>
        <formats/>
      </item>
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    <latestAction>
      <actionDate>2004-01-02</actionDate>
      <text>Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology, for a period to be subsequently determined by the Chairman.</text>
    </latestAction>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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