H.R.6796 - 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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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
08/01/08
 
 
 
 
 
 
 

Official Summary

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 engaging in sovereign debt profiteering in the United States; and (2)

Official Summary

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 engaging in sovereign debt 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:
(1) required court disclosures in actions involving collection of sovereign debt; and
(2) related responsibilities of the Secretary of the Treasury.

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