IV 
113TH CONGRESS 
2D SESSION 
H. RES. 744 
Expressing the sense of the House of Representatives that the Republic 
of Argentina’s continued participation in the Group of Twenty Finance 
Ministers and Central Bank Governors (G20) nations should be condi-
tioned on its adherence to international norms of economic cooperation 
and the rule of law. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 18, 2014 
Mr. POSEY 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 continued participation in 
the Group of Twenty Finance Ministers and Central 
Bank Governors (G20) nations should be conditioned 
on its adherence to international norms of economic co-
operation and the rule of law. 
Whereas Argentina has enjoyed the privilege of membership 
in the Group of Twenty Finance Ministers and Central 
Bank Governors (G20) since the formation of the G20 in 
1999; 
Whereas at the first G20 Summit in 2008, leaders of the 
member nations committed to free market principles, ‘‘in-
cluding the rule of law, respect for private property, open 
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•HRES 744 IH 
trade and investment, competitive markets, and efficient, 
effectively regulated financial systems’’, which ‘‘are essen-
tial to economic growth and prosperity’’; 
Whereas at the Pittsburgh Summit of 2009, G20 nations 
‘‘designated the G20 to be the premier forum for our 
international economic cooperation,’’ and agreed to work 
‘‘together to generate strong, sustainable and balanced 
global growth’’; 
Whereas at the most recent Leaders’ Summit of 2013, G20 
nations reaffirmed their commitment to tackle money 
laundering and terrorism financing, and to intensify the 
fight against corruption which ‘‘is corrosive, destroying 
public trust, distorting the allocation of resources and un-
dermining the rule of law’’; 
Whereas the Republic of Argentina has consistently violated 
the spirit and letter of these and other G20 declarations 
through its decision to default on its debt for a second 
time after repeatedly refusing to negotiate with its credi-
tors, its open and repeated defiance of the judgments of 
United States courts and personal attacks against a 
United States Federal judge, its failure to comply with 
International Monetary Fund membership requirements, 
its maintenance of stringent trade barriers that hinder 
United States exports, its policy of expropriating the 
property of foreign investors, and its failure to implement 
anti-money laundering and terrorist financing measures; 
Whereas Standard & Poor’s declared Argentina in default in 
July 2014 for the second time in 13 years; 
Whereas the Argentine Government has passed legislation to 
restructure its debt beyond the reach of United States 
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•HRES 744 IH 
law to defy and directly contravene a United States Fed-
eral court injunction; 
Whereas a United States District Court Judge determined 
that the multiple statements the Argentine Government 
issued asserting that the country had not defaulted in 
July 2014 were ‘‘false and misleading’’, and ordered Ar-
gentina to cease making such statements or risk being 
held in contempt; 
Whereas in response, Argentina launched a social media cam-
paign attacking the United States judiciary; 
Whereas the Argentine Government has intimidated foreign 
owned businesses that operate in Argentina; 
Whereas the United States Government has determined that 
the trade restrictions Argentina continues to maintain 
violate international trade rules and substantially hinder 
the export of American goods to the Argentine Republic; 
Whereas since 2010, the Financial Action Task Force has 
classified Argentina as a jurisdiction with strategic Anti- 
Money Laundering and Countering the Financing of Ter-
rorism deficiencies that pose a risk to the international 
financial system; and 
Whereas Argentina’s actions have downgraded its credit rat-
ing and put the economic future of its citizens at risk by 
contributing directly to accelerated inflation in Argentina 
of nearly 40 percent, economic stagnation, growing pov-
erty, drastically reduced imports and foreign direct in-
vestment, increasing isolation from the international com-
munity, and borrowing costs nearly triple that of neigh-
boring countries that are much poorer than Argentina: 
Now, therefore, be it 
Resolved, That— 
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