H.R. 2932 · 111th Congress
Stop Very Unscrupulous Loan Transfers from Underprivileged countries to Rich, Exploitive Funds Act
- Stage
- In committee
- Sponsor
- Maxine Waters
- Introduced
- 2009-06-18
- Latest action
- 2009-07-23 · Referred to the Subcommittee on Courts and Competition Policy.
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 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.