US Congress House Bill 1798 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 17-11)
Status: Introduced on May 6 2011 - 25% progression, died in chamber
Action: 2012-11-29 - Forwarded by Subcommittee to Full Committee in the Nature of a Substitute (Amended) by Voice Vote .
Text: Latest bill text (Introduced) [PDF]

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

Rep. Connie Mack [R-FL]	Rep. Joe Baca [D-CA]	Rep. Ann Buerkle [R-NY]	Rep. Russ Carnahan [D-MO]
Rep. Steve Chabot [R-OH]	Rep. Judy Chu [D-CA]	Rep. Scott Garrett [R-NJ]	Rep. Christopher Gibson [R-NY]
Rep. Michael Grimm [R-NY]	Rep. Richard Hanna [R-NY]	Rep. Nan Hayworth [R-NY]	Rep. Brian Higgins [D-NY]
Rep. Kathleen Hochul [D-NY]	Rep. Robert Hurt [R-VA]	Rep. Peter King [R-NY]	Rep. Daniel Lungren [R-CA]
Rep. Carolyn Maloney [D-NY]	Rep. Patrick McHenry [R-NC]	Rep. Sue Myrick [R-NC]	Rep. Grace Napolitano [D-CA]
Rep. William Owens [D-NY]	Rep. Bill Posey [R-FL]	Rep. Tom Reed [R-NY]	Rep. Peter Roskam [R-IL]
Rep. Loretta Sanchez [D-CA]	Rep. Aaron Schock [R-IL]	Rep. Paul Tonko [D-NY]	Rep. Edolphus Towns [D-NY]

Date	Chamber	Action
2012-11-29	House	Forwarded by Subcommittee to Full Committee in the Nature of a Substitute (Amended) by Voice Vote .
2012-11-29	House	Subcommittee Consideration and Mark-up Session Held.
2012-11-15	House	Referred to the Subcommittee on the Western Hemisphere.
2012-11-15	House	Referred to the Subcommittee on Terrorism, Nonproliferation, and Trade.
2011-07-29	House	Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
2011-07-29	House	Referred to the Subcommittee on International Monetary Policy and Trade.
2011-05-06	House	Referred to House Foreign Affairs
2011-05-06	House	Referred to House Financial Services
2011-05-06	House	Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

SB912 (Related) 2011-05-09 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/1798/all-info
Text	https://www.congress.gov/112/bills/hr1798/BILLS-112hr1798ih.pdf