[Congressional Record Volume 154, Number 82 (Monday, May 19, 2008)]
[Extensions of Remarks]
[Page E962]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       H.R. 2634--THE JUBILEE ACT

                                 ______
                                 

                           HON. ANDRE CARSON

                               of indiana

                    in the house of representatives

                          Monday, May 19, 2008

  Mr. CARSON. Madam Speaker, I rise today to speak on legislation that 
was passed in the House on April 16, 2008, H.R. 2634, the Jubilee Act 
for Responsible Lending and Expanded Debt Cancellation of 2008.
  Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 
2007 directs the Secretary of the Treasury, the Paris Club of Official 
Creditors, the International Monetary Fund (IMF), the International 
Bank for Reconstruction and Development (World Bank), and other 
international financial institutions to provide debt cancellation for 
eligible low-income countries, and establishes a framework for creditor 
transparency and responsible lending. The need for debt cancellation 
and responsible lending for low-income countries is a serious issue for 
developing countries and I am pleased to support this legislation.
  When the vote was called, I voted in favor of the bill; however, a 
technical glitch led to my vote not being recorded. I have contacted 
the Clerk of the House of Representatives about the vote and was 
informed that the Congressional Record will reflect my intent.

                          ____________________