U.S. Congress - H.R.5564 Judgment Evading Foreign States Accountability Act of 2010
H.R.5564 - Judgment Evading Foreign States Accountability Act of 2010
To prevent wealthy and middle-income foreign states that do business, issue securities, or borrow money in the United States, and then fail to satisfy United States court judgments totaling $100,000,000 or more based on such activities, from inflicting further economic injuries in the United States, from undermining the integrity of United States courts, and from discouraging responsible lending to poor and developing nations by undermining the secondary and primary markets for sovereign debt. view all titles (2)
All Bill Titles
- Official: To prevent wealthy and middle-income foreign states that do business, issue securities, or borrow money in the United States, and then fail to satisfy United States court judgments totaling $100,000,000 or more based on such activities, from inflicting further economic injuries in the United States, from undermining the integrity of United States courts, and from discouraging responsible lending to poor and developing nations by undermining the secondary and primary markets for sovereign debt. as introduced.
- Short: Judgment Evading Foreign States Accountability Act of 2010 as introduced.
This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.
Bill's Views
- Today: 1
- Past Seven Days: 4
- All-Time: 1,531
|
|
|
|
|
|
|
|
Official Summary
6/22/2010--Introduced.Judgment Evading Foreign States Accountability Act of 2010 - States the policy of the United States regarding: (1) advocacy within the governing bodies of international organizations and other foreign policy settings for the full compensation and fair treatment of perOfficial Summary
6/22/2010--Introduced.Judgment Evading Foreign States Accountability Act of 2010 - States the policy of the United States regarding:(1) advocacy within the governing bodies of international organizations and other foreign policy settings for the full compensation and fair treatment of persons in whose favor judgments have been awarded by U.S. courts;
(2) protection of economic interests of persons and nations that benefit from a reliable flow of foreign capital by restricting the access to U.S. capital markets of judgment evading foreign states (foreign states that fail to fully satisfy a final judgment exceeding a certain amount for more than two years) and their state-owned corporations, warning of the dangers of dealing financially with such states and state-owned corporations, and congressional scrutiny of requests for aid made by such states; and
(3) protection of the authority of the U.S. courts by preventing such states from willfully flouting the judgments of those courts. Directs the Securities and Exchange Commission (SEC) to:
(1) deny a judgment evading foreign state access to U.S. capital markets unless the proceeds of borrowing or securities issuance are to be used in the first instance to satisfy in full all final judgments that form the basis for such designation as such a state; and
(2) require all periodic filings made by such a state with the SEC to prominently bear a warning describing its failure to satisfy outstanding judgments. Imposes similar restrictions on state-owned corporations of such states. Requires:
(1) a proposal to extend bilateral or multilateral assistance to a judgment evading state to bear notice that such state is a judgment evading state; and
(2) the Secretary of the Treasury to report annually to Congress identifying each such state.
...Read the Rest
Recent News Coverage
Hmmmm, no news coverage found for this bill at this time. This means that this this bill has not yet been mentioned on a publicly-searchable news website by either its official number (for example, "H.R. 3200") or title (for example, "America's Affordable Health Choices Act of 2009"). As soon as that changes, our daily automated search across the Web will catch it and include it here. If this bill is of interest to you, you can write a letter to the editor referring to this bill by name, and if your letter is published on the Web, a link back your letter will appear here within about one day. Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. Thanks for helping to build public knowledge about Congress.
Recent Blog Coverage
View All (12)
|
View Top Rated
First Day of Work
Whether I reached their voicemail or spoke to them directly, I called to inform them that a meeting would be held in the Cannon Office Building by Congressman Michael McMahon and dealt with his legislation HR 5564. ...
Super âTâ: The Complete Guide to Creating an Effective, Safe and ...
Unfortunately, HR 207, originally introduced in 2002 as HR 5564 and re-introduced in 2003 as HR207 by two Republiscum Congresscritters, will result in the ban of almost all the supplements he writes about.Sorry, guys; it was nice while ...
H.R.5564: Judgment Evading Foreign States ... - OpenCongress
Official government data, breaking news and blog coverage, public comments and user community for H.R.5564 Judgment Evading Foreign States Accountability Act of 2010.
Vote on This Bill
-
Share This Bill
More Share via Email
