US Congress Senate Bill 3383 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on May 18 2010 - 25% progression, died in chamber
Action: 2010-05-18 - Read twice and referred to the Committee on Foreign Relations.
Text: Latest bill text (Introduced) [PDF]

Amends the Bretton Woods Agreements Act to: (1) prohibit U.S. loans to the International Monetary Fund (IMF) for assistance to any European Union (EU) member state until the ratio of the total outstanding public debt of each member state to its gross domestic product (as of the end of the most recent fiscal year of the member state ending in the preceding calendar year) is not more than 60%; and (2) direct the Secretary of the Treasury to instruct the U.S. Executive Director of the IMF to use the voice and vote of the United States to oppose any IMF loans to member states until all member states are in compliance with such debt ratio.

A bill to temporarily prohibit the United States loans to the International Monetary Fund to be used to provide financing for any member state of the European Union, and for other purposes.

Sen. Jim DeMint [R-SC]

Date	Chamber	Action
2010-05-18		Read twice and referred to the Committee on Foreign Relations.

HB5299 (Related) 2010-05-13 - Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-bill/3383/all-info
Text	https://www.congress.gov/111/bills/s3383/BILLS-111s3383is.pdf