H. R. 4573 

One Hundred Eleventh Congress 

of the 

United States of America 

AT THE SECOND SESSION 

Begun and held at the City of Washington on Tuesday, 

the fifth day of January, two thousand and ten 

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. 

Be it enacted by the Senate and House of Representatives of 

the United States of America in Congress assembled, 

SECTION 1. SHORT TITLE. 

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

Recovery Act of 2010’’. 

SEC. 2. DEBT RELIEF FOR HAITI. 

Title XVI of the International Financial Institutions Act (22 

U.S.C. 262p et seq.) is amended by adding at the end the following 

new section: 

‘‘SEC. 1628. CANCELLATION OF HAITI’S DEBTS TO INTERNATIONAL 

FINANCIAL INSTITUTIONS. 

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

the United States Executive Director at the International Monetary 

Fund, the International Development Association, the Inter-American Development Bank, the International Fund for Agricultural 

Development, and other multilateral development institutions (as 

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

of the United States at each such institution to seek to achieve— 

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

all remaining debts owed by Haiti to such institutions; 

‘‘(2) the suspension of Haiti’s debt service payments to 

such institutions until such time as the debts are canceled 

completely; and 

‘‘(3) the provision, before February 1, 2015, of emergency, 

humanitarian and reconstruction assistance from such institutions to Haiti in the form of grants or other assistance such 

that Haiti does not accumulate debt. 

‘‘(b) USE OF CERTAIN FUNDS FOR ASSISTANCE TO HAITI.—The 

Secretary of the Treasury should instruct the United States Executive Director of the International Monetary Fund to advocate the 

use of some of the realized windfall profits that exceed the required 

contribution to the Poverty Reduction and Growth Trust (as referenced in the IMF Reforms Financial Facilities for Low-Income 

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

ongoing sale of 12,965,649 ounces of gold acquired since the second 

Amendment of the Fund’s Article of Agreement, to provide debt 
H. R. 4573—2 

stock relief and debt service relief for Haiti and, before February 

1, 2015, to provide grants for Haiti. 

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

the Treasury and the Secretary of State should use all appropriate 

diplomatic influence to secure cancellation of any and all remaining 

bilateral, multilateral and private creditor debt owed by Haiti.’’. 

SEC. 3. INFRASTRUCTURE INVESTMENT. 

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

the creation and utilization of a multilateral trust fund for Haiti 

that would leverage potential United States contributions and promote bilateral donations to such a fund for the purpose of making 

investments in Haiti’s future and future generations, including 

efforts to combat soil degradation and promote reforestation and 

infrastructure investments such as electric grids, roads, water and 

sanitation facilities, and other critical infrastructure projects. 

(b) INCREASE IN TRANSFER OF EARNINGS.—The Secretary of 

the Treasury should direct the United States Executive Director 

of the Inter-American Development Bank to seek to increase the 

transfer of its earnings to the Fund for Special Operations and 

to a trust fund or grant facility for Haiti. 

Speaker of the House of Representatives. 

Vice President of the United States and

President of the Senate.