3.0.0 912 2022-02-03T05:53:09Z 2022-02-03T05:53:09Z Senate S S 2011-05-09 112 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2011-05-09T19:22:59Z Judgment Evading Foreign States Accountability Act of 2011 112 1798 HR 2012-11-29 Forwarded by Subcommittee to Full Committee in the Nature of a Substitute (Amended) by Voice Vote . Related bill CRS 2011-05-09 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2011-05-09 Introduced in Senate IntroReferral 10000 9 Library of Congress W000437 Sen. Wicker, Roger F. [R-MS] Roger Wicker R MS F. N International Affairs Business investment and capital Civil actions and liability Congressional oversight Foreign aid and international relief Foreign and international banking Foreign and international corporations Foreign loans and debt Government liability Multilateral development programs Sanctions Securities U.S. and foreign investments International Affairs 00 2011-05-09 Introduced in Senate 2011-07-19T20:16:57Z Judgment Evading Foreign States Accountability Act of 2011 - States the policy of the United States regarding: (1) advocacy within the governing bodies of international organizations and other foreign policy settings for the full compensation and fair treatment of persons in whose favor judgments have been awarded by U.S. courts; (2) protection of economic interests of persons and nations that benefit from a reliable flow of foreign capital by restricting the access to U.S. capital markets of judgment evading foreign states (foreign states that fail to fully satisfy a final judgment exceeding a certain amount for more than two years) and their state-owned corporations, warning of the dangers of dealing financially with such states and state-owned corporations, and calling upon international financial institutions to vote against providing funding or foreign capital to judgment evading foreign states; and (3) further solidification of the authority of the U.S. courts by preventing such states from willfully flouting the judgments of those courts.

Directs the Securities and Exchange Commission (SEC) to: (1) deny a judgment evading foreign state access to U.S. capital markets; and (2) require all periodic filings made by such a state with the SEC to bear prominently a warning describing its failure to satisfy outstanding judgments. Imposes similar restrictions on state-owned corporations of such states.

Requires: (1) a proposal to extend bilateral or multilateral assistance to a judgment evading state to bear notice that such state is a judgment evading state; and (2) the Secretary of the Treasury to notify Congress promptly of the proposal.

]]> Judgment Evading Foreign States Accountability Act of 2011 Short Titles as Introduced Judgment Evading Foreign States Accountability Act of 2011 Display Title Judgment Evading Foreign States Accountability Act of 2011 Official Title as Introduced A bill to prevent foreign states that do business, issue securities, or borrow money in the United States, and fail to satisfy United States court judgments totaling $100,000,000 or more based on such activities, from inflicting further economic injuries in the United States, from undermining the integrity of United States courts, and from discouraging responsible lending to poor and developing nations by undermining the secondary and primary markets for sovereign debt. Introduced in Senate 2011-05-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s912is/xml/BILLS-112s912is.xml 2011-05-09 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.