Foreign Credit Reform Act of 2004

Bill: 108-hr-4560
Sponsor: Rep. Hyde, Henry J. [R-IL-6]
Introduced: 2004-06-14 in the House
Policy area: Foreign Trade and International Finance
Subjects: AIDS (Disease)
Agricultural assistance
Agriculture and Food
Authorization
Commerce
Debt relief
Department of the Treasury
Developing countries
Development credit institutions
Economic assistance
Economics and Public Finance
Executive Office of the President
Foreign loans
Government Operations and Politics
Health
Human immunodeficiency viruses
International Affairs
Loan defaults
Malaria
Negotiations
Public-private partnerships
Tuberculosis
World health

Summary:
action_date: 2004-06-14
text: 
Foreign Credit Reform Act of 2004 - Amends Federal law to extend authorization of appropriations for the U.S. contribution to the Heavily Indebted Poor Country (HIPC) Trust Fund.
 
Amends the Bretton Woods Agreements Act to direct the Secretary of the Treasury to negotiate an agreement under which the International Bank for Reconstruction and Development and the International Monetary Fund shall contribute to the Global Fund to Fight AIDS, Tuberculosis and Malaria an amount equal to the amount of a country's annual debt service made to the Bank and the Fund.
 
Authorizes the President to waive certain Agricultural Trade Development and Assistance Act of 1954 principal and interest payments owed to the Commodity Credit Corporation by eligible debt-heavy countries for FY 2005 and 2006. Amends such Act to define &quot;developing country&quot; for purposes of title I assistance.


Legislative actions:
action_date: 2004-06-28
text: Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
action_date: 2004-06-22
text: Referred to the Subcommittee on Specialty Crops and Foreign Agriculture Programs.
action_date: 2004-06-14
text: Referred to the Committee on Financial Services, and in addition to the Committees on International Relations, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2004-06-14
text: Referred to the Committee on Financial Services, and in addition to the Committees on International Relations, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2004-06-14
text: Referred to the Committee on Financial Services, and in addition to the Committees on International Relations, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2004-06-14
text: Referred to the Committee on Financial Services, and in addition to the Committees on International Relations, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2004-06-14
text: Introduced in House
action_date: 2004-06-14
text: Introduced in House