To require the United States Executive Director of the International Monetary Fund to oppose loans and other programs of the Fund that do not exempt certain spending by the governments of heavily indebted poor countries from certain budget caps and restraints.
What it does: Inserts new text on page 107, line 16
Sen. Sherrod Brown (D-OH)Inserts new text on page 107, line 16
InsertsPrinted pageInserted: (d) The Secretary of the Treasury shall instruct the United States Executive Director of the International Monetary Fund to use the voice and vote of the United States to oppose any loan, project, agreement, memorandum, instrument, plan, or other program of the Fund to a Heavily Indebted Poor Country that imposes budget caps or restraints that do not allow the maintenance of or an increase in government spending on health care or education; and to promote government spending on health care, education, food aid, or other critical safety net programs in all of the Fund's activities with respect to Heavily Indebted Poor Countries.
Original wording
On page 107, line 16, insert the following:
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As printed
On page 107, line 16, insert the following:
(d) The Secretary of the Treasury shall instruct the United States Executive Director of the International Monetary Fund to use the voice and vote of the United States to oppose any loan, project, agreement, memorandum, instrument, plan, or other program of the Fund to a Heavily Indebted Poor Country that imposes budget caps or restraints that do not allow the maintenance of or an increase in government spending on health care or education; and to promote government spending on health care, education, food aid, or other critical safety net programs in all of the Fund's activities with respect to Heavily Indebted Poor Countries.
Legislative Activity
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Senate amendment agreed to: Amendment SA 1161 as modified agreed to in Senate by Unanimous Consent.(text as modified: CR S5799)
May 21, 2009
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Senate amendment agreed to: Amendment SA 1161 as modified agreed to in Senate by Unanimous Consent.(text as modified: CR S5799)
May 21, 2009
Considered by Senate. (consideration: CR S5771, S5798-5799)
May 21, 2009
Amendment SA 1161 as modified agreed to in Senate by Unanimous Consent. (text as modified: CR S5799)
May 21, 2009
Senate amendment submitted
May 20, 2009
Senate amendment proposed (on the floor): Amendment SA 1161 proposed by Senator Brown.(consideration: CR S5675; text CR S5675)
May 20, 2009
Amendment SA 1161 proposed by Senator Brown. (consideration: CR S5675; text CR S5675) To require the United States Executive Director of the International Monetary Fund to oppose loans and other programs of the Fund that do not exempt certain spending by the governments of heavily indebted poor countries from certain budget caps and restraints.
May 20, 2009
Amendments
2 amendmentsOffered to this amendment
Amendments
2 amendmentsOffered to this amendment