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United States · Bill · HR

H.R. 2747 (101st)

Foreign Debt Safety and Soundness Act of 1989

referredUnited States· United States Congress· EN

Introduced

23 June 1989

Last action

Status

Referred to the Subcommittee on International Development, Finance, Trade, and Monetary Policy.

Sponsors

Subjects

Discovery layer

Source updated

26 August 2025

Summary

Foreign Debt Safety and Soundness Act of 1989 - Amends the International Lending Supervision Act of 1983 to direct Federal banking agencies to require a banking institution to maintain a special reserve against possible future losses on loans to a foreign sovereign borrower whose repayments are either in arrears or have been rescheduled at the borrower's request. Establishes a minimum reserve amount and sets forth circumstances under which a Federal banking agency may waive such reserve requirements.

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Documents

2 official files

Introduced in House (text)

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