II 

111TH CONGRESS 

2D SESSION H. R. 4573 

IN THE SENATE OF THE UNITED STATES 

MARCH 11, 2010 

Received 

AN ACT 

To urge the Secretary of the Treasury to instruct the United 

States Executive Directors at the International Monetary 

Fund, the World Bank, the Inter-American Development 

Bank, and other multilateral development institutions to 

use the voice, vote, and influence of the United States 

to cancel immediately and completely Haiti’s debts to 

such institutions, and for other purposes. 


srobinson on DSKHWCL6B1PROD with BILLS
2 

HR 4573 RDS 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Haiti Debt Relief and 

5 Earthquake Recovery Act of 2010’’. 

6 SEC. 2. DEBT RELIEF FOR HAITI. 

7 Title XVI of the International Financial Institutions 

8 Act (22 U.S.C. 262p et seq.) is amended by adding at 

9 the end the following new section: 

10 ‘‘SEC. 1628. CANCELLATION OF HAITI’S DEBTS TO INTER11 NATIONAL FINANCIAL INSTITUTIONS. 

12 ‘‘(a) IN GENERAL.—The Secretary of the Treasury 

13 should direct the United States Executive Director at the 

14 International Monetary Fund, the International Develop15 ment Association, the Inter-American Development Bank, 

16 the International Fund for Agricultural Development, and 

17 other multilateral development institutions (as defined in 

18 section 1701(c)(3)) to use the voice, vote and influence 

19 of the United States at each such institution to seek to 

20 achieve— 

21 ‘‘(1) the immediate and complete cancellation of 

22 any and all remaining debts owed by Haiti to such 

23 institutions; 


srobinson on DSKHWCL6B1PROD with BILLS
3 

HR 4573 RDS 

1 ‘‘(2) the suspension of Haiti’s debt service pay2 ments to such institutions until such time as the 

3 debts are canceled completely; and 

4 ‘‘(3) the provision of emergency, humanitarian 

5 and reconstruction assistance from such institutions 

6 to Haiti in the form of grants or other assistance 

7 such that Haiti does not accumulate debt. 

8 ‘‘(b) USE OF CERTAIN FUNDS FOR ASSISTANCE TO

9 HAITI.—The Secretary of the Treasury should instruct 

10 the United States Executive Director of the International 

11 Monetary Fund to advocate the use of some of the realized 

12 windfall profits that exceed the required contribution to 

13 the Poverty Reduction and Growth Trust (as referenced 

14 in the IMF Reforms Financial Facilities for Low-Income 

15 Countries Public Information Notice (PIN) No. 09/94) 

16 from the ongoing sale of 12,965,649 ounces of gold ac17 quired since the second Amendment of the Fund’s Article 

18 of Agreement, to provide debt stock relief, debt service re19 lief, and grants for Haiti. 

20 ‘‘(c) SECURING OTHER RELIEF FOR HAITI.—The 

21 Secretary of the Treasury and the Secretary of State 

22 should use all appropriate diplomatic influence to secure 

23 cancellation of any and all remaining bilateral, multilateral 

24 and private creditor debt owed by Haiti.’’. 


srobinson on DSKHWCL6B1PROD with BILLS
4 

HR 4573 RDS 

1 SEC. 3. INFRASTRUCTURE INVESTMENT. 

2 (a) TRUST FUND.—The Secretary of the Treasury 

3 should support the creation and utilization of a multilat4 eral trust fund for Haiti that would leverage potential 

5 United States contributions and promote bilateral dona6 tions to such a fund for the purpose of making invest7 ments in Haiti’s future, including efforts to combat soil 

8 degradation and promote reforestation and infrastructure 

9 investments such as electric grids, roads, water and sani10 tation facilities, and other critical infrastructure projects. 

11 (b) INCREASE IN TRANSFER OF EARNINGS.—The 

12 Secretary of the Treasury should direct the United States 

13 Executive Director of the Inter-American Development 

14 Bank to seek to increase the transfer of its earnings to 

15 the Fund for Special Operations and to a trust fund or 

16 grant facility for Haiti. 

Passed the House of Representatives March 10, 

2010. 

Attest: LORRAINE C. MILLER, 

Clerk. 


srobinson on DSKHWCL6B1PROD with BILLS