Haiti Recovery Act

Summary

Haiti Recovery Act - Urges the Secretary of the Treasury to direct the U.S. Executive Director to each international financial institution to advocate: (1) the cancellation of all remaining debt obligations of Haiti, including obligations incurred after the date of the enactment of this Act and before February 1, 2012; (2) the provision of debt service relief for all of Haiti's remaining payments; and (3) that new assistance to Haiti should be primarily grants rather than loans. Urges the Secretary to: (1) instruct the U.S. Executive Director of the International Monetary Fund (IMF) to advocate the use of certain proceeds to provide debt stock relief, debt service relief, and grants for low-income countries that are eligible for the Poverty Reduction and Growth Facility or any other programs to assist low-income countries, including Haiti; (2) support the creation of an Inter-American Development Bank trust fund for Haiti that would leverage U.S. contributions and promote bilateral donations for the purpose of investing in Haiti's infrastructure; and (3) direct the U.S. Executive Director of the Inter-American Development Bank to increase earnings transfer to the Fund for Special Operations, which finances programming in Haiti and other weak economies in the Western Hemisphere. Urges the Secretary and the Secretary of State to use all appropriate diplomatic influence to secure cancellation of all remaining bilateral debt of Haiti.

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Documents

9 official files

• Engrossed in Senate (text)

  Engrossed in Senate · EN · 5 March 2010

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• Engrossed in Senate (PDF)

  Engrossed in Senate · EN · 5 March 2010

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• Passed Senate amended

  summary · EN · 5 March 2010

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• Reported to Senate (text)

  Reported to Senate · EN · 25 February 2010

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• Reported to Senate (PDF)

  Reported to Senate · EN · 25 February 2010

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• Reported to Senate with amendment(s)

  summary · EN · 25 February 2010

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• Introduced in Senate (text)

  Introduced in Senate · EN · 28 January 2010

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 28 January 2010

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• Introduced in Senate

  summary · EN · 28 January 2010

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