H.R.2932 - Stop Very Unscrupulous Loan Transfers from Underprivileged countries to Rich, Exploitive Funds Act111th Congress (2009-2010)
|Sponsor:||Rep. Waters, Maxine [D-CA-35] (Introduced 06/18/2009)|
|Committees:||House - Financial Services; Judiciary|
|Latest Action:||07/23/2009 Referred to the Subcommittee on Courts and Competition Policy.|
This bill has the status Introduced
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Subject — Policy Area:
- Foreign Trade and International Finance
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Summary: H.R.2932 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (06/18/2009)
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.