H.Res.586 - Expressing the concern of Congress regarding the Argentine Republic's willful and repeated disregard for the rule of law in the United States.112th Congress (2011-2012)
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|Sponsor:||Rep. Manzullo, Donald A. [R-IL-16] (Introduced 03/16/2012)|
|Committees:||House - Financial Services; Foreign Affairs|
|Latest Action:||House - 05/07/2012 Referred to the Subcommittee on the Western Hemisphere. (All Actions)|
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Summary: H.Res.586 — 112th Congress (2011-2012)All Information (Except Text)
Introduced in House (03/16/2012)
Declares that: (1) Argentina's refusal to honor U.S. court and arbitral award judgments threatens the economic well-being of the United States and undermines court integrity and efficacy, and (2) Argentina should honor its obligations to U.S. investors.
Declares that the United States should: (1) work with International Monetary Fund (IMF) member states to restrict Argentina's access to IMF benefits until Argentina has complied with its obligations, and (2) oppose further loans to Argentina by the World Bank and the Inter-American Development Bank and encourage other countries to do the same.
Declares that Argentina's behavior is not befitting a member of The Group of Twenty Finance Ministers and Central Bank Governors (G-20) and that the United States should work with other G-20 members to re-evaluate Argentina's G-20 membership.