US Congress House Resolution 586 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on March 16 2012 - 25% progression, died in committee
Action: 2012-05-07 - Referred to the Subcommittee on the Western Hemisphere.
Pending: House Subcommittee on the Western Hemisphere Committee
Text: Latest bill text (Introduced) [PDF]

Declares that: (1) Argentina's refusal to honor U.S. court and arbitral award judgments threatens the economic well-being of the United States and undermines court integrity and efficacy, and (2) Argentina should honor its obligations to U.S. investors. Declares that the United States should: (1) work with International Monetary Fund (IMF) member states to restrict Argentina's access to IMF benefits until Argentina has complied with its obligations, and (2) oppose further loans to Argentina by the World Bank and the Inter-American Development Bank and encourage other countries to do the same. Declares that Argentina's behavior is not befitting a member of The Group of Twenty Finance Ministers and Central Bank Governors (G-20) and that the United States should work with other G-20 members to re-evaluate Argentina's G-20 membership.

Expressing the concern of Congress regarding the Argentine Republic's willful and repeated disregard for the rule of law in the United States.

Rep. Donald Manzullo [R-IL]

Date	Chamber	Action
2012-05-07	House	Referred to the Subcommittee on the Western Hemisphere.
2012-05-07	House	Referred to the Subcommittee on Terrorism, Nonproliferation, and Trade.
2012-04-26	House	Referred to the Subcommittee on International Monetary Policy and Trade.
2012-03-16	House	Referred to House Foreign Affairs
2012-03-16	House	Referred to House Financial Services
2012-03-16	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.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-resolution/586/all-info
Text	https://www.congress.gov/112/bills/hres586/BILLS-112hres586ih.pdf