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United States · Bill · HR

H.R. 1130 (109th)

JUBILEE Act of 2005

openUnited States· United States Congress· EN

Introduced

3 March 2005

Last action

19 May 2005 · Introduced

Status

Sponsor introductory remarks on measure. (CR H3685)

Sponsors

Rep. Waters, Maxine [D-CA-43], Rep. Leach, James A. [R-IA-2], Rep. Frank, Barney [D-MA-4], Rep. Bachus, Spencer [R-AL-6], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Lee, Barbara [D-CA-12], Rep. Serrano, Jose E. [D-NY-15], Sen. Sanders, Bernard [I-VT], Rep. Miller, George [D-CA-11], Rep. Payne, Donald M. [D-NJ-10], Rep. Jones, Stephanie Tubbs [D-OH-11], Rep. Blumenauer, Earl [D-OR-3], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Kaptur, Marcy [D-OH-9], Del. Christensen, Donna M. [D-VI-At Large], Rep. Carson, Julia [D-IN-7], Rep. Davis, Artur [D-AL-7], Rep. Rush, Bobby L. [D-IL-1], Rep. Jackson, Jesse L., Jr. [D-IL-2], Rep. McCollum, Betty [D-MN-4], Rep. Owens, Major R. [D-NY-11], Rep. Kucinich, Dennis J. [D-OH-10], Rep. Rangel, Charles B. [D-NY-15], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Cummings, Elijah E. [D-MD-7], Rep. Abercrombie, Neil [D-HI-1], Sen. Brown, Sherrod [D-OH], Rep. Farr, Sam [D-CA-20], Rep. McDermott, Jim [D-WA-7], Rep. Towns, Edolphus [D-NY-10], Rep. Woolsey, Lynn C. [D-CA-6], Rep. Conyers, John, Jr. [D-MI-13], Rep. Wasserman Schultz, Debbie [D-FL-25], Rep. Millender-McDonald, Juanita [D-CA-37], Rep. Johnson, Eddie Bernice [D-TX-30], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Jackson Lee, Sheila [D-TX-18], Rep. Gutierrez, Luis V. [D-IL-4], Rep. Lewis, John [D-GA-5], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Green, Al [D-TX-9], Rep. McGovern, James P. [D-MA-2], Rep. Hastings, Alcee L. [D-FL-20], Rep. Clay, Wm. Lacy [D-MO-1], David Scott, Rep. Evans, Lane [D-IL-17], Rep. Davis, Danny K. [D-IL-7], Rep. Wexler, Robert [D-FL-19]

Subjects

Healthcare, Environment, Education, Budget

Source updated

15 August 2025

Healthcare · Environment · Education · Budget

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Summary

Justice and Understanding By International Loan Elimination and Equity Act of 2005 or JUBILEE Act of 2005 - Amends the International Financial Institutions Act to require the Secretary of the Treasury to commence immediate efforts, within 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 (multilateral development institutions (MDI's)) to accomplish: (1) the cancellation of all debts owed to each institution by specified eligible poor countries, and the financing of such debt cancellation from the institution's ongoing operations, procedures, and accounts; (2) the limitation of any waiting period before receipt of debt cancellation to one month from the date of an eligible poor country's application for it; and (3) encouragement of the government of each eligible poor country to allocate at least 20 percent of its national budget, including the savings from such debt cancellation, for the provision of basic health care services, education services, and clean water services to individuals in the country. Sets forth requirements for: (1) establishment of a framework to ensure transparency regarding each international financial institution's activities; and (2) availability on the Treasury Department's website of U.S. Executive Directors' remarks at meetings of international financial institutions' Boards of Directors. Requires the Secretary to commence immediate efforts, within the Paris Club, the IMF, and other appropriate MDI's, to ensure that the provision of debt cancellation to such countries is not conditioned on any agreement by such a country to implement or comply with specified policies that deepen poverty or degrade the environment.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 3 March 2005

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 3 March 2005

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 3 March 2005

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 28 March 2005

    Referred

    Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.

    Source: Committee

  5. 19 May 2005

    Introduced

    Sponsor introductory remarks on measure. (CR H3685)

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 3 March 2005

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  • Introduced in House (PDF)

    Introduced in House · EN · 3 March 2005

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  • Introduced in House

    summary · EN · 3 March 2005

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Sponsors

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Related records

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Sources

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