doing business with such states and state owned 
corporations; and 
(C) call on the World Bank, the Inter-
national Monetary Fund, and other inter-
national financial institutions to vote against 
providing funding or foreign capital to judg-
ment evading foreign states; and 
(3) to further solidify the authority of the 
United States courts by preventing judgment evad-
ing foreign states from willfully disregarding the 
judgments of those courts. 
SEC. 6. BAR ON ACCESS TO UNITED STATES LENDERS AND 
INVESTORS. 
(a) MEASURES WITH RESPECT TO JUDGMENT EVAD-
ING FOREIGN STATES.—The Securities and Exchange 
Commission shall— 
(1) take all necessary measures to deny every 
judgment evading foreign state access to United 
States capital markets, including the ability, directly 
or indirectly, to borrow money or sell securities in 
the United States; and 
(2) require that all periodic filings made by the 
judgment evading foreign state with the Securities 
and Exchange Commission under the securities laws 
bear the following legend prominently on the cover 
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page: ‘‘WARNING: THIS REPORT IS SUB-
MITTED BY A FOREIGN STATE THAT HAS 
BEEN 
DETERMINED 
BY 
THE 
UNITED 
STATES DEPARTMENT OF THE TREASURY 
TO BE A JUDGMENT EVADING FOREIGN 
STATE BASED UPON ITS FAILURE TO SAT-
ISFY 
OUTSTANDING 
UNITED 
STATES 
COURT JUDGMENTS.’’. 
(b) MEASURES WITH RESPECT TO STATE OWNED 
CORPORATIONS
OF
JUDGMENT
EVADING
FOREIGN 
STATES.—If any judgment evading foreign state remains 
in default on any final judgment for more than three 
years, irrespective of whether such judgment became final 
before the date of the enactment of this Act, the Securities 
and Exchange Commission shall— 
(1) take all necessary measures to deny any 
state owned corporation of a judgment evading for-
eign state access to the United States capital mar-
kets, including the ability to issue debt, equity or 
other securities, or borrow money, unless the pro-
ceeds of such borrowing of securities issuance are to 
be used, in the first instance, to satisfy in full all 
final judgment against its parent judgment evading 
foreign state; and 
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(2) require that all periodic filings made by 
each state owned corporation of a judgment evading 
foreign state with the Securities and Exchange Com-
mission under the securities laws bear the following 
legend prominently on the cover page: ‘‘WARNING: 
THIS REPORT IS SUBMITTED BY A STATE 
OWNED 
CORPORATION 
OF 
A 
FOREIGN 
STATE THAT HAS BEEN DETERMINED BY 
THE DEPARTMENT OF THE TREASURY TO 
BE A JUDGMENT EVADING FOREIGN STATE 
BASED UPON ITS FAILURE TO SATISFY 
OUTSTANDING 
UNITED 
STATES 
COURT 
JUDGMENTS.’’. 
SEC. 7. REQUESTS FOR AID OR ASSISTANCE FROM JUDG-
MENT EVADING FOREIGN STATES. 
(a) BILATERAL ASSISTANCE.—Whenever any pro-
posal is made to a department, agency, or other instru-
mentality of the United States Government to extend aid, 
a loan, or any other form of assistance to a judgment 
evading foreign state, the head of the department, agency, 
or other instrumentality may consider the proposal only 
if it bears prominently the legend described in subsection 
(c). 
(b) MULTILATERAL
ASSISTANCE.—Whenever any 
proposal is made to an international organization to ex-
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tend aid, a loan, or any other form of assistance to a judg-
ment evading foreign state, the Secretary of State shall 
provide prompt notice of such proposal to the Congress. 
Such notice shall bear prominently the legend described 
in subsection (c). 
(c) LEGEND DESCRIBED.—The legend of a proposal 
referred to in subsection (a) and the legend of a notice 
referred to in subsection (b) is the following: ‘‘REQUEST 
FOR GRANT–IN–AID OR LOAN BY A JUDGMENT 
EVADING FOREIGN STATE.’’. 
SEC. 8. REPORTS; RECOMMENDATIONS OF ADDITIONAL 
MEASURES. 
(a) ANNUAL REPORTS
TO CONGRESS.—Not later 
than January 31 of each year, the Secretary of the Treas-
ury shall provide a report, in writing, to the Congress 
identifying each judgment evading foreign state, and, for 
each such judgment evading foreign state— 
(1) quantifying the impact on the United States 
economy, and cost to United States taxpayers, of the 
unsatisfied final judgments outstanding against the 
judgment evading foreign state; and 
(2) describing all measures that the Secretary 
of the Treasury and the Securities and Exchange 
Commission have taken in the preceding year to 
carry out this Act. 
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(b) CONSIDERATION OF DOCUMENTS AND OTHER IN-
FORMATION.—The Secretary of the Treasury may con-
sider documents and other information received from third 
parties and from judgment evading foreign states in pre-
paring each report under subsection (a). 
(c) TERMINATION OF DESIGNATION.—At such time 
as the Secretary of the Treasury determines that any 
judgment evading foreign state no longer qualifies as a 
judgment evading foreign state, the Secretary shall so cer-
tify to the Congress no later than in the next annual re-
port to Congress under subsection (a), at which time the 
requirements and prohibitions under this Act shall no 
longer apply to such former judgment evading foreign 
state, or to any state owned corporation of such judgment 
avoiding foreign state. The Secretary may consider docu-
ments and other information received from third parties 
and from the judgment evading foreign state in making 
this determination. 
(d) OTHER PUBLIC REPORTS TO INCLUDE INFORMA-
TION ABOUT JUDGMENT EVADING FOREIGN STATES.— 
The Secretary of State, the Secretary of the Treasury, and 
the Secretary of Commerce shall each reference the find-
ings of the Secretary of the Treasury from the Secretary’s 
most recent annual report to Congress under subsection 
(a) relating to the unsatisfied final judgments outstanding 
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