IIB 

117TH CONGRESS 

2D SESSION H. R. 7081 

IN THE SENATE OF THE UNITED STATES 

MAY 12, 2022 

Received; read twice and referred to the Committee on Foreign Relations 

AN ACT 

To seek immediate bilateral, multilateral, and commercial 

debt service payment relief for Ukraine. 

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


kjohnson on DSK79L0C42PROD with BILLS
2 

HR 7081 RFS

1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘Ukraine Comprehen3 sive Debt Payment Relief Act of 2022’’. 

4 SEC. 2. SUSPENSION OF MULTILATERAL DEBT PAYMENTS 

5 OF UKRAINE. 

6 (a) UNITED STATES POSITION IN THE INTER7 NATIONAL FINANCIAL INSTITUTIONS.—The Secretary of 

8 the Treasury shall instruct the United States Executive 

9 Director at each international financial institution (as de10 fined in section 1701(c)(2) of the International Financial 

11 Institutions Act) to use the voice, vote, and influence of 

12 the United States to advocate that the respective institu13 tion immediately suspend all debt service payments owed 

14 to the institution by Ukraine. 

15 (b) OFFICIAL BILATERAL AND COMMERCIAL DEBT

16 SERVICE PAYMENT RELIEF.—The Secretary of the Treas17 ury, working in coordination with the Secretary of State, 

18 shall commence immediate efforts with other governments 

19 and commercial creditor groups, through the Paris Club 

20 of Official Creditors and other bilateral and multilateral 

21 frameworks, both formal and informal, to pursue com22 prehensive debt payment relief for Ukraine. 

23 (c) MULTILATERAL FINANCIAL SUPPORT FOR

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

25 United States Executive Director at each international fi26 nancial institution (as defined in section 1701(c)(2) of the 


kjohnson on DSK79L0C42PROD with BILLS
3 

HR 7081 RFS

1 International Financial Institutions Act) to use the voice 

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

3 extent practicable, the provision of concessional financial 

4 assistance for Ukraine. 

5 (d) MULTILATERAL FINANCIAL SUPPORT FOR REFU6 GEES.—The Secretary of the Treasury shall direct the 

7 United States Executive Director at each international fi8 nancial institution (as defined in section 1701(c)(2) of the 

9 International Financial Institutions Act) to use the voice 

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

11 support for refugees from Ukraine, including refugees of 

12 African descent, and for countries receiving refugees from 

13 Ukraine. 

14 SEC. 3. REPORT TO THE CONGRESS. 

15 Not later than December 31 of each year, the Presi16 dent shall— 

17 (1) submit to the Committees on Financial 

18 Services, on Appropriations, and on Foreign Affairs 

19 of the House of Representatives and the Committees 

20 on Foreign Relations and on Appropriations of the 

21 Senate, a report on the activities undertaken under 

22 this Act; and 

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


kjohnson on DSK79L0C42PROD with BILLS
4 

HR 7081 RFS

1 SEC. 4. WAIVER AND TERMINATION. 

2 (a) WAIVER.—The President may waive the provi3 sions of this Act if the President determines that a waiver 

4 is in the national interest of the United States and reports 

5 to the Congress an explanation of the reasons therefor. 

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

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

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

Passed the House of Representatives May 11, 2022. 

Attest: CHERYL L. JOHNSON, 

Clerk. 


kjohnson on DSK79L0C42PROD with BILLS