[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4573 Enrolled Bill (ENR)]

        H.R.4573

                      One Hundred Eleventh Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

          Begun and held at the City of Washington on Tuesday,
             the fifth day of January, two thousand and ten


                                 An Act


 
  To urge the Secretary of the Treasury to instruct the United States 
Executive Directors at the International Monetary Fund, the World Bank, 
the Inter-American Development Bank, and other multilateral development 
institutions to use the voice, vote, and influence of the United States 
to cancel immediately and completely Haiti's debts to such institutions, 
                         and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
    This Act may be cited as the ``Haiti Debt Relief and Earthquake 
Recovery Act of 2010''.
SEC. 2. DEBT RELIEF FOR HAITI.
    Title XVI of the International Financial Institutions Act (22 
U.S.C. 262p et seq.) is amended by adding at the end the following new 
section:
``SEC. 1628. CANCELLATION OF HAITI'S DEBTS TO INTERNATIONAL FINANCIAL 
INSTITUTIONS.
    ``(a) In General.--The Secretary of the Treasury should direct the 
United States Executive Director at the International Monetary Fund, 
the International Development Association, the Inter-American 
Development Bank, the International Fund for Agricultural Development, 
and other multilateral development institutions (as defined in section 
1701(c)(3)) to use the voice, vote and influence of the United States 
at each such institution to seek to achieve--
        ``(1) the immediate and complete cancellation of any and all 
    remaining debts owed by Haiti to such institutions;
        ``(2) the suspension of Haiti's debt service payments to such 
    institutions until such time as the debts are canceled completely; 
    and
        ``(3) the provision, before February 1, 2015, of emergency, 
    humanitarian and reconstruction assistance from such institutions 
    to Haiti in the form of grants or other assistance such that Haiti 
    does not accumulate debt.
    ``(b) Use of Certain Funds for Assistance to Haiti.--The Secretary 
of the Treasury should instruct the United States Executive Director of 
the International Monetary Fund to advocate the use of some of the 
realized windfall profits that exceed the required contribution to the 
Poverty Reduction and Growth Trust (as referenced in the IMF Reforms 
Financial Facilities for Low-Income Countries Public Information Notice 
(PIN) No. 09/94) from the ongoing sale of 12,965,649 ounces of gold 
acquired since the second Amendment of the Fund's Article of Agreement, 
to provide debt stock relief and debt service relief for Haiti and, 
before February 1, 2015, to provide grants for Haiti.
    ``(c) Securing Other Relief for Haiti.--The Secretary of the 
Treasury and the Secretary of State should use all appropriate 
diplomatic influence to secure cancellation of any and all remaining 
bilateral, multilateral and private creditor debt owed by Haiti.''.
SEC. 3. INFRASTRUCTURE INVESTMENT.
    (a) Trust Fund.--The Secretary of the Treasury should support the 
creation and utilization of a multilateral trust fund for Haiti that 
would leverage potential United States contributions and promote 
bilateral donations to such a fund for the purpose of making 
investments in Haiti's future and future generations, including efforts 
to combat soil degradation and promote reforestation and infrastructure 
investments such as electric grids, roads, water and sanitation 
facilities, and other critical infrastructure projects.
    (b) Increase in Transfer of Earnings.--The Secretary of the 
Treasury should direct the United States Executive Director of the 
Inter-American Development Bank to seek to increase the transfer of its 
earnings to the Fund for Special Operations and to a trust fund or 
grant facility for Haiti.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.