3.0.0 4511 2023-01-15T04:49:12Z 2023-01-15T04:49:12Z House H HR 2004-06-03 108 hsba00 Financial Services Committee House Standing hsba19 Domestic Monetary Policy and Technology Subcommittee Referred to 2004-06-28T15:34:39Z Referred to 2004-06-03T14:02:00Z 2004-06-28 hsba19 Domestic Monetary Policy and Technology Subcommittee 1 House committee actions Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. Committee 2004-06-03 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2004-06-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2004-06-03 Introduced in House IntroReferral 1000 9 Library of Congress W000187 Rep. Waters, Maxine [D-CA-35] MAXINE WATERS D CA 35 N L000169 Rep. Leach, James A. [R-IA-2] JIM LEACH R IA 2 2004-06-03 True F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2004-06-03 True B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 2004-06-03 True L000551 Rep. Lee, Barbara [D-CA-9] BARBARA LEE D CA 9 2004-06-03 True M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2004-06-24 False P000149 Rep. Payne, Donald M. [D-NJ-10] DONALD PAYNE D NJ M. 10 2004-06-24 False G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2004-06-24 False B000490 Rep. Bishop, Sanford D., Jr. [D-GA-2] SANFORD BISHOP D GA D. 2 2004-06-24 False E000250 Rep. Evans, Lane [D-IL-17] LANE EVANS D IL 17 2004-07-07 False M000312 Rep. McGovern, James P. [D-MA-3] JAMES MCGOVERN D MA P. 3 2004-07-07 False Foreign Trade and International Finance AIDS (Disease) Africa (Sub-Saharan) Angola Armed Forces and National Security Bangladesh Benin Bolivia Botswana Burkina Faso Burundi Cambodia Cameroon Caribbean area Central African Republic Chad Child health Child labor Civil Rights and Liberties, Minority Issues Collective bargaining Congo Congress Congress and foreign policy Congressional investigations Congressional oversight Congressional reporting requirements Crime and Law Enforcement Debt relief Defense budgets Democracy Democratic Republic of Congo Developing countries Development credit institutions Drug abuse Drug law enforcement East Asia Economic development Economics and Public Finance Electronic government information Elementary and secondary education Elementary education Employee rights Environmental Protection Ethiopia Families Forced labor Foreign loans Freedom of association Gambia Ghana Government Operations and Politics Government publicity Government regulation Guinea Guinea-Bissau Guyana Haiti Haiti compilation Health Honduras Hours of labor Human immunodeficiency viruses Human rights Infrastructure International Affairs International cooperation Internet Ivory Coast Jamaica Kenya Labor and Employment Laos Latin America Liberia Madagascar Malaria Malawi Mali Maternal health services Mauritania Middle East and North Africa Morocco Mozambique Namibia Nepal Nicaragua Niger Nigeria Occupational health and safety Peru Philippines Potable water Poverty Preventive medicine Privatization Public health Refuse and refuse disposal Rwanda Sanctions (International law) Sao Tome and Principe Science, Technology, Communications Senegal Sierra Leone Social Welfare South Africa South Asia State-sponsored terrorism Tanzania Togo Tuberculosis Uganda User charges Vietnam Wages Water Resources Development Water pollution control Water quality Water supply Water treatment plants Web sites Women World health Yemen Zambia Foreign Trade and International Finance 00 2004-06-03 Introduced in House 2004-07-27T16:08:55Z Justice and Understanding By IMF Loan Elimination and Equity (JUBILEE) Act of 2004 - Amends the International Financial Institutions Act to require the Secretary of the Treasury to commence immediate efforts, within the Paris Club of Official Creditors, the International Monetary Fund (IMF), and other appropriate multilateral development institutions (MDI's), to accomplish: (1) cancellation of all debts owed to the IMF by specified eligible poor countries, and the financing of such debt cancellation from ongoing IMF operations, procedures, and accounts established as of the end of the most recent fiscal year, including the Poverty Reduction and Growth Facility (formerly known as the Enhanced Structural Adjustment Facility or ESAF); (2) limitation of any waiting period before receipt of debt cancellation to one month from the date of an eligible poor country's application for it; and (3) encouragement of the government of each eligible poor country to allocate at least 20 percent of its national budget, including the savings from such debt cancellation, for the provision of basic health care services, education services, and clean water services to individuals in the country.

Sets forth requirements for: (1) a prohibition against the IMF's requiring any country receiving new concessional loans to privilege the IMF as a creditor over the United States; (2) establishment of a framework to ensure the transparency regarding each international financial institution's activities; and (3) availability on the Treasury Department's website of U.S. Executive Directors' remarks at meetings of international financial institutions' Boards of Directors.

Requires the Secretary to commence immediate efforts, within the Paris Club, the IMF, and other appropriate MDI's, to ensure that the provision of debt cancellation to such countries is not conditioned on any agreement by such a country to implement or comply with specified policies that deepen poverty or degrade the environment.

Bars funds appropriated in any Act (except those providing for debt relief to poor countries) from being obligated or made available to IMF unless specified conditions are met relating to debt cancellation for all eligible poor countries and termination of conditioning debt relief on certain structural adjustment.

]]> Justice and Understanding By IMF Loan Elimination and Equity Act of 2004 Display Title Justice and Understanding By IMF Loan Elimination and Equity Act of 2004 Official Title as Introduced To provide for the cancellation of debts owed to the International Monetary Fund by poor countries, and for other purposes. Introduced in House IH Short Titles as Introduced Justice and Understanding By IMF Loan Elimination and Equity Act of 2004 Short Titles as Introduced JUBILEE Act of 2004 Introduced in House 2004-06-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-108hr4511ih/xml/BILLS-108hr4511ih.xml 2004-06-28 Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. text/xml EN 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. Congressional Research Service, Library of Congress 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.