H.R. 6796 · 110th Congress
Stop Very Unscrupulous Loan Transfers from Underprivileged countries to Rich, Exploitive Funds Act
- Stage
- In committee
- Sponsor
- Maxine Waters
- Introduced
- 2008-08-01
- Latest action
- 2008-08-01 · Introduced in House
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.