Jubilee Act passes U.S. Senate Foreign Relations Committee | Bank Information Center: Monitoring the projects and policies of the World Bank, IMF and other international financial institutions


Update Jubilee Act passes U.S. Senate Foreign Relations Committee 25 June 2008 On June 24, 2008, the Jubilee Act passed the U.S. Senate Foreign Relations Committee. The bill must now be considered and passed by the full U.S. Senate before it can go to the President and be signed into law. On June 24, 2008, the Jubilee Act for Responsible Lending and Expanded Debt Cancellation (HR 2634/ S 2166) passed the United States Senate Foreign Relations Committee. Revisions to the bill lead to the inclusion of the same Haiti Amendment that was included in the U.S. House of Representatives, which calls for the Secretary of the Treasury to work for immediate debt cancellation for Haiti. The revised bill also includes stronger language on vulture funds, and a Sense of the Congress that the U.S. should fully fund its prior commitments to the international financial institutions (IFIs). The bill must now be considered and passed by the full Senate before it can go to the President and be signed into law. Resources Jubilee USA See also International Monetary Fund World Bank (IBRD & IDA) Debt Print this page Email this page		Search Regions Africa Asia Europe/Central Asia Latin America Middle East and North Africa Institutions AfDB ADB Bank of the South EBRD IDB IFC IMF MIGA World Bank Key Issues Accountability Debt Energy & Extractive Industries Environmental & Social Policies IFI Governance Infrastructure Trade Transparency U.S. Government Oversight Stay Informed! Sign up for our e-newsletters. Sign up

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