IV 
113TH CONGRESS 
1ST SESSION 
H. RES. 291 
Expressing the sense of the House of Representatives that the Republic 
of Argentina’s membership in the G20 should be conditioned on its 
adherence to international norms of economic relations and commitment 
to the rule of law. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 9, 2013 
Mr. SMITH of New Jersey (for himself and Mr. DESANTIS) submitted the 
following resolution; which was referred to the Committee on Foreign Affairs 
RESOLUTION 
Expressing the sense of the House of Representatives that 
the Republic of Argentina’s membership in the G20 
should be conditioned on its adherence to international 
norms of economic relations and commitment to the rule 
of law. 
Whereas Argentina has enjoyed the privilege of membership 
in the Group of Twenty Finance Ministers and Central 
Bank Governors (G20); 
Whereas at the Summit of the Group of Twenty in 2008, 
G20 leaders declared that ‘‘our work will be guided by a 
shared belief that market principles, open trade and in-
vestment regimes, and effectively regulated financial mar-
kets foster the dynamism, innovation, entrepreneurship 
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that are essential for economic growth, employment and 
poverty reduction’’; 
Whereas at the Pittsburgh Summit of 2009, G20 nations 
‘‘designated the G20 to be the premier forum for our 
international economic cooperation’’; 
Whereas at the Cannes Summit of 2011, G20 leaders re-
affirmed their ‘‘commitment to work together’’ and 
stressed among other principles the need to conduct 
International Monetary Fund surveillance of national 
economies, avoid protectionism and the need to reinforce 
the multilateral trading system, strengthen anti-money 
laundering measures, and combat financing of terrorism; 
Whereas the Republic of Argentina has consistently violated 
the spirit and letter of these and other G20 declarations 
through its policy of expropriating the property of foreign 
investors, evading the judgments of United States courts, 
ignoring decisions of international arbitral forums, refus-
ing to comply with International Monetary Fund mem-
bership requirements, and failing to implement anti- 
money laundering and terrorist financing measures; 
Whereas Argentina’s defiance of more than 100 United 
States court judgments stemming from Argentina’s de-
fault on more than $81,000,000,000 of sovereign debt is 
ongoing and escalating; 
Whereas 
notwithstanding 
that 
it 
holds 
more 
than 
$41,000,000,000 in foreign currency reserves, Argentina 
refuses to pay these judgments, which are estimated to 
be approximately $5,000,000,000, independent of various 
further direct and indirect costs incurred by United 
States bondholders, investors, and taxpayers; 
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•HRES 291 IH 
Whereas Argentina has refused to pay even the de minimis 
fees required of all parties to an ICSID dispute to fund 
the dispute-settlement process, demonstrating its utter 
lack of respect for the World Bank’s jurisdiction; 
Whereas in a display that illustrates Argentina’s contempt 
for the rule of law, Argentina’s legal counsel vowed at a 
hearing before the United States Court of Appeals for 
the Second Circuit that Argentina would ‘‘not voluntarily 
obey’’ any rulings that upheld the judgments and orders 
of the United States District Court for the Southern Dis-
trict of New York; 
Whereas Argentina has undermined global sanctions on Iran 
by expanding bilateral trade with Iran tenfold over the 
last 5 years; 
Whereas Argentina has circumvented due legal process by 
agreeing with Iran to jointly ‘‘re-investigate’’ the 1994 
terrorist bombing of the Argentine Jewish Mutual Asso-
ciation (Asociacio´n Mutual Israelita Argentina, or AMIA) 
in Buenos Aires, which killed 85 people and injured hun-
dreds more—an agreement that ignores the 2006 indict-
ment by independent Argentine Government prosecutors 
of five senior Iranian Government officials for orches-
trating the attack, which led to the issuance of Interpol 
arrest warrants against the Iranian Government officials; 
Whereas the Financial Action Task Force (FATF) has given 
Argentina the worst evaluation of any G20 nation, high-
lighting Argentina’s regulatory shortcomings and the vul-
nerability of Argentina’s financial institutions to terrorist 
financing and money laundering; 
Whereas United States Drug Enforcement Administration 
(DEA) and United States Department of State officials 
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have raised concerns about Argentina’s growing role in 
the international drug trade, with a specific focus on Ar-
gentina as an increasingly important source of the pre-
cursor chemicals used in manufacturing methamphet-
amine, much of which is consumed in the United States; 
Whereas Argentina has undermined the rule of law by expro-
priating assets from the Spanish firm Repsol without 
compensation, making it more difficult for Argentine 
businesses and individuals to access international capital 
markets; 
Whereas Argentina has enacted a so-called ‘‘anti-monopoly’’ 
law and solely enforced it against an independent media 
group that has been critical of the Government, indi-
cating that the law’s true intent is to limit the freedom 
of expression to criticize the Government; 
Whereas the Argentine executive branch has sought to under-
mine the independence of the Argentine judiciary by 
threatening to impeach the judges of the Federal Civil 
and Commercial Court who ruled in favor of the inde-
pendent media group in its lawsuit alleging that the anti- 
monopoly law is an unconstitutional attack on freedom of 
the press; and 
Whereas Argentina’s actions have been injurious to its credit 
worthiness and detrimental to its own citizens by directly 
contributing to Argentina’s double-digit inflation, eco-
nomic stagnation, growing isolation from the inter-
national community, and borrowing costs that are three 
times higher than neighboring countries with similar fis-
cal profiles: Now, therefore, be it 
Resolved, That the House of Representatives— 
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(1) finds that the Republic of Argentina has 
failed to meet the responsibilities inherent to mem-
bership in the G20; and 
(2) calls upon the President and the Secretary 
of the Treasury to work with the governments of the 
G20 members to— 
(A) terminate the participation of Argen-
tina in the G20 until the President determines 
and reports to Congress that Argentina has— 
(i) reversed efforts to expropriate for-
eign investment in Argentina; 
(ii) fully satisfied all outstanding 
judgments of United States courts against 
it; 
(iii) fully honored all awards of inter-
national arbitral panels against it; and 
(iv) complied with the recommenda-
tions of the Financial Action Task Force; 
and 
(B) condition Argentina’s future member-
ship in the G20 on its adherence and commit-
ment to international norms of economic rela-
tions and commitment to the rule of law. 
Æ 
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