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United States · Bill · S

S. 2166 (110th)

Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 2008

openUnited States· United States Congress· EN

Introduced

16 October 2007

Last action

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Status

Placed on Senate Legislative Calendar under General Orders. Calendar No. 934.

Sponsors

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Subjects

Discovery layer

Source updated

6 December 2025

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Summary

Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 2007 - Amends the International Financial Institutions Act to direct the Secretary of the Treasury, 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, to: (1) provide for debt cancellation of eligible low-income countries (as defined by this Act) to such institutions and to the United States; (2) provide for establishment of frameworks for creditor transparency and responsible lending; and (3) provide that such debt cancellation is not conditioned on harmful economic or environmental conditions. Directs the Government Accountability Office (GAO) to audit the debt portfolios of previous governments in certain countries, including South Africa and the Democratic Republic of Congo.

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Documents

6 official files

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