Haiti Debt Relief and Earthquake Recovery Act of 2010

Bill: 111-hr-4573
Sponsor: Rep. Waters, Maxine [D-CA-35]
Introduced: 2010-02-02 in the House
Policy area: International Affairs
Subjects: Caribbean area
Foreign loans and debt
Haiti
Latin America
Multilateral development programs
Natural disasters

Summary:
action_date: 2010-02-02
text: 
Debt Relief for Earthquake Recovery in Haiti Act of 2010 - Amends the the International Financial Institutions Act to direct the Secretary of the Treasury to instruct the U.S. Executive Directors at the International Monetary Fund (IMF), the International Bank for Reconstruction and Development, the Inter-American Development Bank, and other multilateral development institutions to: (1) cancel all debts owed by Haiti to such institutions; (2) suspend Haiti's debt payments to such institutions until the debts are canceled completely; and (3) provide additional assistance from such institutions to Haiti in grant form in order to avoid additional debt accumulation.
 
Directs the Secretary to urge other bilateral, multilateral, and private creditors to cancel all debts owed by Haiti to such creditors.
 

action_date: 2010-03-10
text: 
Haiti Debt Relief and Earthquake Recovery Act of 2010 - Amends the the International Financial Institutions Act to urge the Secretary of the Treasury to direct the U.S. Executive Director at the International Monetary Fund (IMF), the International Development Association, the Inter-American Development Bank, the International Fund for Agricultural Development, and other multilateral development institutions to use U.S. influence to seek: (1) cancellation of all remaining debts owed by Haiti to such institutions; (2) suspension of Haiti's debt service payments to such institutions; and (3) provision of emergency, humanitarian and reconstruction assistance from such institutions to Haiti in the form of grants or other non-debt assistance.
 
Urges the Secretary to: (1) instruct the U.S. Executive Director of the IMF to advocate the use of some of the windfall profits from the ongoing sale of certain gold to provide debt stock relief, debt service relief, and grants for Haiti; (2) support the creation and utilization of a multilateral trust fund for Haiti that would leverage potential U.S. contributions and promote bilateral donations for investments in Haiti's future, including efforts to combat soil degradation and promote reforestation and infrastructure investments; and (3) direct the U.S. Executive Director of the Inter-American Development Bank to seek to increase the transfer of its earnings to the Fund for Special Operations and to a trust fund or grant facility for Haiti.
 
Urges the Secretary and the Secretary of State to use appropriate diplomatic influence to secure cancellation of all remaining bilateral, multilateral, and private creditor debt owed by Haiti.

action_date: 2010-03-26
text: 
Haiti Debt Relief and Earthquake Recovery Act of 2010 - Amends the the International Financial Institutions Act to urge the Secretary of the Treasury to direct the U.S. Executive Director at the International Monetary Fund (IMF), the International Development Association, the Inter-American Development Bank, the International Fund for Agricultural Development, and other multilateral development institutions to use U.S. influence to seek: (1) cancellation of all remaining debts owed by Haiti to such institutions; (2) suspension of Haiti's debt service payments to such institutions; and (3) before February 1, 2015, provision of emergency, humanitarian and reconstruction assistance from such institutions to Haiti in the form of grants or other non-debt assistance.
 
Urges the Secretary to: (1) instruct the U.S. Executive Director of the IMF to advocate the use of some of the windfall profits from the ongoing sale of certain gold to provide debt stock relief, debt service relief, and, before February 1, 2015, grants for Haiti; (2) support the creation and utilization of a multilateral trust fund for Haiti that would leverage potential U.S. contributions and promote bilateral donations for investments in Haiti's future, including efforts to combat soil degradation and promote reforestation and infrastructure investments; and (3) direct the U.S. Executive Director of the Inter-American Development Bank to seek to increase the transfer of its earnings to the Fund for Special Operations and to a trust fund or grant facility for Haiti.
 
Urges the Secretary and the Secretary of State to use appropriate diplomatic influence to secure cancellation of all remaining bilateral, multilateral, and private creditor debt owed by Haiti.

action_date: 2010-04-26
text: 

(This measure has not been amended since it was passed by the Senate on March 26, 2010. The summary of that version is repeated here.)

 
Haiti Debt Relief and Earthquake Recovery Act of 2010 - Amends the the International Financial Institutions Act to urge the Secretary of the Treasury to direct the U.S. Executive Director at the International Monetary Fund (IMF), the International Development Association, the Inter-American Development Bank, the International Fund for Agricultural Development, and other multilateral development institutions to use U.S. influence to seek: (1) cancellation of all remaining debts owed by Haiti to such institutions; (2) suspension of Haiti's debt service payments to such institutions; and (3) before February 1, 2015, provision of emergency, humanitarian and reconstruction assistance from such institutions to Haiti in the form of grants or other non-debt assistance.
 
Urges the Secretary to: (1) instruct the U.S. Executive Director of the IMF to advocate the use of some of the windfall profits from the ongoing sale of certain gold to provide debt stock relief, debt service relief, and, before February 1, 2015, grants for Haiti; (2) support the creation and utilization of a multilateral trust fund for Haiti that would leverage potential U.S. contributions and promote bilateral donations for investments in Haiti's future, including efforts to combat soil degradation and promote reforestation and infrastructure investments; and (3) direct the U.S. Executive Director of the Inter-American Development Bank to seek to increase the transfer of its earnings to the Fund for Special Operations and to a trust fund or grant facility for Haiti.
 
Urges the Secretary and the Secretary of State to use appropriate diplomatic influence to secure cancellation of all remaining bilateral, multilateral, and private creditor debt owed by Haiti.


Legislative actions:
action_date: 2010-04-26
text: Became Public Law No: 111-158.
action_date: 2010-04-26
text: Became Public Law No: 111-158.
action_date: 2010-04-26
text: Signed by President.
action_date: 2010-04-26
text: Signed by President.
action_date: 2010-04-15
text: Presented to President.
action_date: 2010-04-15
text: Presented to President.
action_date: 2010-04-14
text: Cleared for White House.
action_date: 2010-04-14
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2010-04-14
text: On motion that the House suspend the rules and agree to the Senate amendments Agreed to by voice vote. (text as House agreed to Senate amendments: CR H2512)
action_date: 2010-04-14
text: Resolving differences -- House actions: On motion that the House suspend the rules and agree to the Senate amendments Agreed to by voice vote.(text as House agreed to Senate amendments: CR H2512)
action_date: 2010-04-14
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 4573.
action_date: 2010-04-14
text: Ms. Waters moved that the House suspend the rules and agree to the Senate amendments. (consideration: CR H2512-2513)
action_date: 2010-03-26
text: Passed Senate with amendments by Unanimous Consent.
action_date: 2010-03-26
text: Passed/agreed to in Senate: Passed Senate with amendments by Unanimous Consent.
action_date: 2010-03-26
text: Measure laid before Senate by unanimous consent. (consideration: CR S2165-2166)
action_date: 2010-03-11
text: Received in the Senate, read twice.
action_date: 2010-03-10
text: The title of the measure was amended. Agreed to without objection.
action_date: 2010-03-10
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2010-03-10
text: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H1288)
action_date: 2010-03-10
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H1288)
action_date: 2010-03-10
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 4573.
action_date: 2010-03-10
text: Considered under suspension of the rules. (consideration: CR H1288-1295)
action_date: 2010-03-10
text: Mr. Meeks (NY) moved to suspend the rules and pass the bill, as amended.
action_date: 2010-02-02
text: Referred to the House Committee on Financial Services.
action_date: 2010-02-02
text: Introduced in House
action_date: 2010-02-02
text: Introduced in House

Enacted as: number: 111-158