U.S. Congress - S.2166 Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 2007
S.2166 - Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 2007
A bill to provide for greater responsibility in lending and expanded cancellation of debts owed to the United States and the international financial institutions by low-income countries, and for other purposes. view all titles (3)
All Bill Titles
- Short: Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 2007 as introduced.
- Official: A bill to provide for greater responsibility in lending and expanded cancellation of debts owed to the United States and the international financial institutions by low-income countries, and for other purposes. as introduced.
- Short: Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 2008 as reported to senate.
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Congress cancels debts every year of 100s of millions with ADB. This is the 11th year.
It is wrong for Treasury to cancel these debts when they are really entitlements and grants.
Treasury is now backing our mortgages. This does not make sense.