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United States · Resolution · HCONRES

H.Con.Res. 132 (106th)

Expressing the sense of the Congress in opposition to the use of proceeds from gold sales by the International Monetary Fund for structural adjustment programs in developing countries.

referredUnited States· United States Congress· EN

Introduced

14 June 1999

Last action

25 June 1999 · Referred

Status

Referred to the Subcommittee on Domestic and International Monetary Policy.

Sponsors

Sen. Brown, Sherrod [D-OH], Rep. Campbell, Tom [R-CA-15], Rep. Lee, Barbara [D-CA-12], Rep. Kucinich, Dennis J. [D-OH-10], Rep. Jackson, Jesse L., Jr. [D-IL-2], Rep. Stark, Fortney Pete [D-CA-13], Rep. Waters, Maxine [D-CA-43], Rep. English, Phil [R-PA-3], Rep. Carson, Julia [D-IN-7], Rep. Brown, Corrine [D-FL-5], Rep. McKinney, Cynthia A. [D-GA-4], Rep. Payne, Donald M. [D-NJ-10], Rep. Woolsey, Lynn C. [D-CA-6], Rep. Kilpatrick, Carolyn C. [D-MI-13], Rep. Meeks, Gregory W. [D-NY-5], Rep. Hall, Tony P. [D-OH-3], Rep. Olver, John W. [D-MA-1], Rep. Lewis, John [D-GA-5], Rep. Pallone, Frank [D-NJ-6], Rep. Kildee, Dale E. [D-MI-5], Rep. Metcalf, Jack [R-WA-2], Rep. Baird, Brian [D-WA-3], Sen. Sanders, Bernard [I-VT], Rep. Miller, George [D-CA-11], Rep. Eshoo, Anna G. [D-CA-18], Sen. Stabenow, Debbie [D-MI]

Subjects

Discovery layer

Source updated

2 January 2025

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Summary

Expresses the sense of Congress that: (1) the external debt of developing countries with Enhanced Structural Adjustment Facility (ESAF) loans nearly doubled and their economic growth was slower than that for non-ESAF developing countries; (2) poor countries should no longer have to go through years of harsh International Monetary Fund (IMF)-imposed policies; (3) it should be U.S. policy to oppose gold sales to fund the IMF's ESAF program; and (4) any proceeds from the sale or other conversion of IMF gold stocks should go directly to cancel debts owed to the IMF and not to programs controlled by the IMF or the World Bank.

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

Timeline

  1. 14 June 1999

    Introduced

    Referred to the House Committee on Banking and Financial Services.

    Source: IntroReferral

  2. 14 June 1999

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 14 June 1999

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 25 June 1999

    Referred

    Referred to the Subcommittee on Domestic and International Monetary Policy.

    Source: Committee

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 · 14 June 1999

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 14 June 1999

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 14 June 1999

    Open at official source

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Sponsors

Related records

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Sources

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