H.R. 7081 · 117th Congress
Ukraine Comprehensive Debt Payment Relief Act of 2022
- Stage
- Passed a chamber
- Sponsor
- Chuy García
- Introduced
- 2022-03-15
- Latest action
- 2022-05-12 · Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
Summary
Ukraine Comprehensive Debt Payment Relief Act of 2022
This bill requires the Department of the Treasury to make efforts to secure debt relief for Ukraine.
Specifically, Treasury must order U.S. representatives to international financial institutions to advocate for such institutions to (1) immediately suspend all debt service payments owed by Ukraine to the respective institution, (2) provide concessional financial assistance to Ukraine, and (3) provide economic support for refugees from Ukraine (including refugees of African descent) and the countries receiving such refugees.
Treasury must also immediately pursue, through bilateral and multilateral frameworks, comprehensive debt payment relief for Ukraine from other governments and commercial creditor groups.