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Union Calendar No. 237 

117TH CONGRESS 

2D SESSION H. R. 7081 

[Report No. 117–317] 

To seek immediate bilateral, multilateral, and commercial debt service 

payment relief for Ukraine. 

IN THE HOUSE OF REPRESENTATIVES 

MARCH 15, 2022 

Mr. GARCI ́A of Illinois (for himself, Mr. HIMES, Mr. DAVID SCOTT of Georgia, 

Ms. OCASIO-CORTEZ, and Mr. QUIGLEY) introduced the following bill; 

which was referred to the Committee on Financial Services 

MAY 10, 2022 

Additional sponsors: Ms. GARCIA of Texas, Mr. SHERMAN, and Ms. DEAN

MAY 10, 2022 

Reported with an amendment, committed to the Committee of the Whole 

House on the State of the Union, and ordered to be printed 

[Strike out all after the enacting clause and insert the part printed in italic] 

[For text of introduced bill, see copy of bill as introduced on March 15, 2022] 


kjohnson on DSK79L0C42PROD with BILLS
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•HR 7081 RH

A BILL 

To seek immediate bilateral, multilateral, and commercial 

debt service payment relief for Ukraine. 


kjohnson on DSK79L0C42PROD with BILLS
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•HR 7081 RH

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 ‘‘Ukraine Comprehensive 

5 Debt Payment Relief Act of 2022’’. 

6 SEC. 2. SUSPENSION OF MULTILATERAL DEBT PAYMENTS 

7 OF UKRAINE. 

8 (a) UNITED STATES POSITION IN THE INTERNATIONAL

9 FINANCIAL INSTITUTIONS.—The Secretary of the Treasury 

10 shall instruct the United States Executive Director at each 

11 international financial institution (as defined in section 

12 1701(c)(2) of the International Financial Institutions Act) 

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

14 to advocate that the respective institution immediately sus15 pend all debt service payments owed to the institution by 

16 Ukraine. 

17 (b) OFFICIAL BILATERAL AND COMMERCIAL DEBT

18 SERVICE PAYMENT RELIEF.—The Secretary of the Treas19 ury, working in coordination with the Secretary of State, 

20 shall commence immediate efforts with other governments 

21 and commercial creditor groups, through the Paris Club of 

22 Official Creditors and other bilateral and multilateral 

23 frameworks, both formal and informal, to pursue com24 prehensive debt payment relief for Ukraine. 


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•HR 7081 RH

1 (c) MULTILATERAL FINANCIAL SUPPORT FOR

2 UKRAINE.—The Secretary of the Treasury shall direct the 

3 United States Executive Director at each international fi4 nancial institution (as defined in section 1701(c)(2) of the 

5 International Financial Institutions Act) to use the voice 

6 and vote of the United States to support, to the maximum 

7 extent practicable, the provision of concessional financial 

8 assistance for Ukraine. 

9 (d) MULTILATERAL FINANCIAL SUPPORT FOR REFU10 GEES.—The Secretary of the Treasury shall direct the 

11 United States Executive Director at each international fi12 nancial institution (as defined in section 1701(c)(2) of the 

13 International Financial Institutions Act) to use the voice 

14 and vote of the United States to seek to provide economic 

15 support for refugees from Ukraine, including refugees of Af16 rican descent, and for countries receiving refugees from 

17 Ukraine. 

18 SEC. 3. REPORT TO THE CONGRESS. 

19 Not later than December 31 of each year, the President 

20 shall— 

21 (1) submit to the Committees on Financial Serv22 ices, on Appropriations, and on Foreign Affairs of the 

23 House of Representatives and the Committees on For24 eign Relations and on Appropriations of the Senate, 


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•HR 7081 RH

1 a report on the activities undertaken under this Act; 

2 and 

3 (2) make public a copy of the report. 

4 SEC. 4. WAIVER AND TERMINATION. 

5 (a) WAIVER.—The President may waive the provisions 

6 of this Act if the President determines that a waiver is in 

7 the national interest of the United States and reports to 

8 the Congress an explanation of the reasons therefor. 

9 (b) TERMINATION.—The preceding provisions of this 

10 Act shall have no force or effect on or after the date that 

11 is 7 years after the date of the enactment of this Act. 


kjohnson on DSK79L0C42PROD with BILLS
Union Calendar No. 237 

117TH CONGRESS 

2D SESSION H. R. 7081 

[Report No. 117–317] 

A BILL 

To seek immediate bilateral, multilateral, and 

commercial debt service payment relief for Ukraine. 

MAY 10, 2022 

Reported with an amendment, committed to the Comand ordered to be printed mittee of the Whole House on the State of the Union, 


kjohnson on DSK79L0C42PROD with BILLS