U.S. Congress - H.R.2932 Stop Very Unscrupulous Loan Transfers from Underprivileged countries to Rich, Exploitiv...
H.R.2932 - Stop Very Unscrupulous Loan Transfers from Underprivileged countries to Rich, Exploitive Funds Act
To prevent speculation and profiteering in the defaulted debt of certain poor countries, and for other purposes. view all titles (3)
All Bill Titles
- Short: Stop Very Unscrupulous Loan Transfers from Underprivileged countries to Rich, Exploitive Funds Act as introduced.
- Short: Stop VULTURE Funds Act as introduced.
- Official: To prevent speculation and profiteering in the defaulted debt of certain poor countries, and for other purposes. as introduced.
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Official Summary
6/18/2009--Introduced.Stop Very Unscrupulous Loan Transfers from Underprivileged Countries to Rich, Exploitive Funds Act or the Stop VULTURE Funds Act - Prohibits: (1) any U.S. person from engaging in sovereign debt profiteering, or any person at all from engaging in such profiteering in tOfficial Summary
6/18/2009--Introduced.Stop Very Unscrupulous Loan Transfers from Underprivileged Countries to Rich, Exploitive Funds Act or the Stop VULTURE Funds Act - Prohibits:(1) any U.S. person from engaging in sovereign debt profiteering, or any person at all from engaging in such profiteering in the United States; and
(2) any U.S. court from issuing a summons, subpoena, writ, judgment, attachment, or execution in aid of a claim which would further sovereign debt profiteering. Sets forth required court disclosures in actions involving collection of sovereign debt.
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Recent News Coverage
Advocacy Groups Decry Profiteering by Vulture Funds
...and the UK government to prevent the further misuse of US and UK courts for debt profiteers. The Stop VULTURE Funds Act, H.R.2932, introduced by Representatives Maxine Waters and Spencer Bachus on June 18 of this year, would prohibit sovereign debt prof
Congress Acts to Tame Prowling Vulture Funds
HR 2932 is a key step in protecting developing countries from Vulture Funds. Now the legislation needs support by the full House and to move forward for ...
Recent Blog Coverage
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View Top Rated
Debt Vultures Shot for Chanukah -- In These Times
Maxine Waters introduced HR 2932 to block Vulture Funds from the use of the US Court system. I urge mass support for ...
Debt Vultures Shot for Chanukah -- In These Times
Maxine Waters introduced HR 2932 to block Vulture Funds from the use of the US Court system. I urge mass support for ...
Things I never knew about Maxine Waters (that everyone should know)
Waters introduced “Stop VULTURE Funds Act” (HR 2932) which would prevent vulture funds from making excessive profits off of debt cancellation of poor countries. In 2007 her comrade Danny Glover gave congressional testimony regarding ...
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