A concurrent resolution expressing the sense of the Congress concerning the condition of the international financial system.

Summary

Expresses the sense of the Congress that: (1) restoration of a stable monetary system is necessary to assure economic growth and to maintain a liberal international economic system; (2) the Secretary of the Treasury should renew his call for an international conference on the monetary system; (3) the International Monetary Fund should make use of its current assets and revise the conditions placed on its loans; (4) additional financial resources should be made available through bilateral arrangements; and (5) U.S. banks should be required to adjust the value of loans on which interest payments are not received and be allowed to increase deductible loss reserves in order to make such write-downs without endangering the banking system.

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Timeline

1. 24 May 1983

   Introduced

   Referred to the Committee on Foreign Relations.

   Source: IntroReferral

2. 24 May 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 24 May 1983

  Open at official source

Sponsors

• Sen. Armstrong, William L. [R-CO] · R · Sponsor
• · ssfr00 · Standing

Related records

• related to → A concurrent resolution expressing the sense of the Congress concerning the condition of the international financial system.