To require the United States to oppose the provision by the International Monetary Fund of a loan to a country whose public debt is not likely to be sustainable in the medium term, and for other purposes.

3.0.0 4836 2023-01-11T13:31:50Z 2023-01-11T13:31:50Z House HR 2016-03-22 114 [Congressional Record Volume 162, Number 45 (Tuesday, March 22, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HUIZENGA of Michigan:H.R. 4836.Congress has the power to enact this legislation pursuantto the following:Article I, Section 9, that no money shall be drawn from theTreasury but in consequence of Appropriations made by Law,and a regular Statement and Account of the Receipts andExpenditures of all public Money shall be made from time totime.[Page H1553]]]> hsba00 Financial Services Committee House Standing Referred to 2016-03-22T14:01:10Z 2016-03-22 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2016-03-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-03-22 Introduced in House IntroReferral 1000 9 Library of Congress H001058 Rep. Huizenga, Bill [R-MI-2] Bill Huizenga R MI 2 N International Affairs Budget deficits and national debt Foreign loans and debt International monetary system and foreign exchange Multilateral development programs International Affairs

00 2016-03-22 Introduced in House 2016-03-31T19:10:15Z This bill amends the Bretton Woods Agreements Act to direct the Treasury to instruct the U.S. Executive Director at the International Monetary Fund (IMF) to oppose any proposed IMF loan to a country about which an IMF staff analytical report finds no high probability that the country's public debt is sustainable in the medium term (currently, only if the proposed loan is not likely to be repaid in full).

The President may waive this requirement for purposes of U.S. national security interests.

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To require the United States to oppose the provision by the International Monetary Fund of a loan to a country whose public debt is not likely to be sustainable in the medium term, and for other purposes. Display Title To require the United States to oppose the provision by the International Monetary Fund of a loan to a country whose public debt is not likely to be sustainable in the medium term, and for other purposes. Official Title as Introduced To require the United States to oppose the provision by the International Monetary Fund of a loan to a country whose public debt is not likely to be sustainable in the medium term, and for other purposes. Introduced in House IH Introduced in House 2016-03-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4836ih/xml/BILLS-114hr4836ih.xml 2016-03-22 Referred to the House Committee on Financial Services. 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.