H.R. 2080 · 108th Congress
To prevent International Monetary Fund loans for Iraq from being used to pay off Iraq's creditors.
- Stage
- In committee
- Sponsor
- Jim Saxton
- Introduced
- 2003-05-13
- Latest action
- 2003-05-23 · Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
Summary
Amends the Bretton Woods Agreements Act to require the Secretary of the Treasury to instruct the U.S. Executive Director at the International Monetary Fund to oppose any loans to the Government of Iraq unless the Secretary determines that there are sufficient safeguards to prevent loan proceeds from being used to reimburse any government or individual for losses arising from loans to Iraq.