H.R. 7081House117th Congress (2021-2023)Passed House

Ukraine Comprehensive Debt Payment Relief Act of 2022

Introduced March 15, 2022

AI-Generated Summary

Updated February 8, 2026 at 10:03 AM UTC

The Ukraine Comprehensive Debt Payment Relief Act of 2022 directs the U.S. Treasury to push for immediate suspension of Ukraine’s debt service payments to multilateral lenders and to work with other governments and creditor groups for broader bilateral and commercial debt relief. It also calls for U.S. support of concessional financing for Ukraine and economic aid for Ukrainian refugees, including those of African descent. The bill requires an annual report to Congress on these efforts and allows the President to waive the provisions if deemed in the national interest. The measures would apply to Ukraine’s debts and to U.S. actions within international financial institutions.

Key Provisions

  • Treasury Secretary, in coordination with State, must use U.S. influence at international financial institutions to suspend all Ukraine debt service payments to those institutions
  • Treasury, together with State, must engage the Paris Club and other creditor groups to secure bilateral and commercial debt relief for Ukraine
  • Treasury must advocate for concessional financial assistance to Ukraine through multilateral institutions
  • Treasury must seek economic support for Ukrainian refugees, including those of African descent, via multilateral institutions
  • President must submit an annual public report to relevant House and Senate committees on actions taken under the Act
  • President may waive the Act’s provisions if it serves U.S. national interest, with an explanation to Congress
  • The Act’s provisions automatically terminate seven years after enactment

Legislative Activity

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14 earlier actions
SenateIntro Referral Latest Action

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

May 12, 2022

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HouseIntro Referral

Introduced in House

March 15, 2022

HouseIntro Referral

Referred to the House Committee on Financial Services.

March 15, 2022

HouseCommittee

Committee Consideration and Mark-up Session Held.

March 17, 2022

HouseCommittee

Ordered to be Reported in the Nature of a Substitute by Voice Vote.

March 17, 2022

HouseCommittee

Reported (Amended) by the Committee on Financial Services. H. Rept. 117-317.

May 10, 2022

HouseCalendars

Placed on the Union Calendar, Calendar No. 237.

May 10, 2022

HouseFloor

Mr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.

May 10, 2022 • 4:26 PM

HouseFloor

Considered under suspension of the rules. (consideration: CR H4750-4752)

May 10, 2022 • 4:26 PM

HouseFloor

DEBATE - The House proceeded with forty minutes of debate on H.R. 7081.

May 10, 2022 • 4:26 PM

HouseFloor

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

May 10, 2022 • 4:36 PM

HouseFloor

Considered as unfinished business. (consideration: CR H4838-4839)

May 11, 2022 • 5:27 PM

HouseFloor

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 362 - 56 (Roll no. 160).

May 11, 2022 • 5:38 PM

HouseFloor

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 362 - 56 (Roll no. 160). (text: 05/10/2022 CR H4750-4751)

May 11, 2022 • 5:38 PM

HouseFloor

Motion to reconsider laid on the table Agreed to without objection.

May 11, 2022 • 5:38 PM

SenateIntro Referral

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

May 12, 2022

Floor Debate

24 members

What members said about H.R. 7081 on the floor

9 Republicans15 Democrats
Scott Perry
Rep. Scott PerryR-PA-10 · Jul 13, 2022

Madam Speaker, I rise in opposition to the amendment. Madam Speaker, there are a lot of issues with this amendment, not the least of which is that my colleague is the subcommittee chairman on the…

Gerald E. Connolly
Rep. Gerald E. ConnollyD-VA-11 · Jul 13, 2022

Mr. Speaker, I have an amendment at the desk. Mr. Speaker, I yield myself such time as I may consume. This bipartisan amendment is the Preventing a Patronage System Act, H.R. 302, which was reported…

Adam B. Schiff
Rep. Adam B. SchiffD-CA-28 · Jul 13, 2022

Mr. Speaker, I have an amendment at the desk. Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise in strong support of this amendment, which passed the House last year by a…

Frank Pallone, Jr.
Rep. Frank Pallone, Jr.D-NJ-6 · Jul 13, 2022

Madam Speaker, I thank Chairman Smith for yielding. I would like to speak on the Jackie Speier amendment No. 337, part of en bloc No. 3, which directs the Secretary of Defense in coordination with…

Garret Graves
Rep. Garret GravesR-LA-6 · Jul 13, 2022

Mr. Speaker, I am somewhat baffled by this amendment. Why would we, for any reason, decide that we are just going to look at climate resiliency? Mr. Speaker, we have had hurricanes, we have had…

Show 8 more
Andy Biggs
Rep. Andy BiggsR-AZ-5 · Jul 13, 2022

Mr. Speaker, I rise in opposition to the amendment. Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, the first thing is, I am baffled that this is even germane to the National…

Bruce Westerman
Rep. Bruce WestermanR-AR-4 · Jul 13, 2022

Mr. Speaker, I claim the time in opposition to the amendment. Mr. Speaker, I yield myself such time as I may consume. I rise in opposition to Neguse amendment No. 455. This amendment would…

Joe Neguse
Rep. Joe NeguseD-CO-2 · Jul 13, 2022

Mr. Speaker, I have an amendment at the desk. Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise this morning in support of this amendment offered by myself and Chairman…

David N. Cicilline
Rep. David N. CicillineD-RI-1 · Jul 13, 2022

Madam Speaker, I rise in support of my amendment, which clarifies that the statutory rights of servicemembers and their families under the Servicemember Civil Relief Act, or SCRA (SICK-RUH), cannot…

Mark Takano
Rep. Mark TakanoD-CA-41 · Jul 13, 2022

Madam Speaker, I rise today in support of the amendment of my friend and colleague, Congressman Lieu, that would allow the Department of Veterans Affairs and community partners to address the needs…

Tom McClintock
Rep. Tom McClintockR-CA-4 · Jul 13, 2022

Mr. Speaker, I rise in opposition to the amendment. Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, this amendment allows the admission of scientists and technical experts from…

William R. Keating
Rep. William R. KeatingD-MA-9 · Jul 13, 2022

Madam Speaker, I have an amendment at the desk. Madam Speaker, I yield myself such time as I may consume. The Defense Department's National Defense Strategy has consistently included climate change…

James R. Langevin
Rep. James R. LangevinD-RI-2 · Jul 13, 2022

Mr. Speaker, I have an amendment at the desk. Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, in this era of great power competition, we are in a race for top talent, and our…

Show 11 more
Jamaal Bowman
Rep. Jamaal BowmanD-NY-16 · Jul 13, 2022

Madam Speaker, I have an amendment at the desk. Madam Speaker, I yield myself such time as I may consume. Madam Speaker, I rise today to urge support for my amendment that will take an important step…

Tim Burchett
Rep. Tim BurchettR-TN-2 · Jul 13, 2022

Mr. Speaker, I claim the time in opposition. Mr. Speaker, for the record, it is really cold. I don't know what y'all are planning in here, if y'all are planning on cutting hogs or not, but it is that…

Pete Sessions
Rep. Pete SessionsR-TX-17 · Jul 13, 2022

Mr. Speaker, I rise in opposition to the Pappas, or as it might be, the Pallone 399 amendment. Mr. Speaker, I thank my dear friend, Mr. Pallone, for being here tonight. This opportunity for us to…

Lauren Boebert
Rep. Lauren BoebertR-CO-3 · Jul 13, 2022

Mr. Speaker, good morning. I rise in opposition to amendment No. 455. It is currently almost 2 a.m. here on the House floor and most Americans are asleep. In China, they are finishing up with lunch,…

Claudia Tenney
Rep. Claudia TenneyR-NY-22 · Jul 13, 2022

Madam Speaker, I rise today in support of my amendment No. 860, which is a modified version of my bipartisan Stop the Chinese Communist Party Infrastructure Act. There is a growing concern, and…

Gwen Moore
Rep. Gwen MooreD-WI-4 · Jul 13, 2022

Madam Speaker, I rise today in support of my amendments to the FY 2023 National Defense Authorization Act that will help save lives and promote the health and well-being of those who are serving or…

Pramila Jayapal
Rep. Pramila JayapalD-WA-7 · Jul 13, 2022

Mr. Speaker, I have an amendment at the desk. Mr. Speaker, my amendment would direct the President to establish an office of climate resilience within the White House to coordinate climate resilience…

Deborah K. Ross
Rep. Deborah K. RossD-NC-2 · Jul 13, 2022

Mr. Speaker, I have an amendment at the desk. Mr. Speaker, PFAS chemicals affect our drinking water, our crops, the air we breathe, and the products we bring into our homes. As Members know, PFAS are…

Diana DeGette
Rep. Diana DeGetteD-CO-1 · Jul 13, 2022

Mr. Speaker, I have an amendment at the desk. Mr. Speaker, today I rise in support of my amendment to add the first six titles of the Protecting America's Wilderness and Public Lands Act and, also,…

Jesús G. "Chuy" García
Rep. Jesús G. "Chuy" GarcíaD-IL-4 · May 10, 2022

Madam Speaker, I move to suspend the rules and pass the bill (H.R. 7081) to seek immediate bilateral, multilateral, and commercial debt service payment relief for Ukraine, as amended. Madam Speaker,…

Jackie Speier
Rep. Jackie SpeierD-CA-14 · Jul 13, 2022

Mr. Speaker, I have an amendment at the desk. Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I am going to make this short and hopefully sweet because I can't believe for a…

Bill Text

4 versions available

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Referred in SenateIssued May 12, 2022

IIB

117th CONGRESS

2d Session

H. R. 7081

IN THE SENATE OF THE UNITED STATES

May 12, 2022

Received; read twice and referred to the Committee on Foreign Relations

AN ACT

To seek immediate bilateral, multilateral, and commercial debt service payment relief for Ukraine.

1.

Short title

This Act may be cited as the Ukraine Comprehensive Debt Payment Relief Act of 2022.

2.

Suspension of multilateral debt payments of Ukraine

(a)

United States position in the international financial institutions

The Secretary of the Treasury shall instruct the United States Executive Director at each international financial institution (as defined in section 1701(c)(2) of the International Financial Institutions Act) to use the voice, vote, and influence of the United States to advocate that the respective institution immediately suspend all debt service payments owed to the institution by Ukraine.

(b)

Official bilateral and commercial debt service payment relief

The Secretary of the Treasury, working in coordination with the Secretary of State, shall commence immediate efforts with other governments and commercial creditor groups, through the Paris Club of Official Creditors and other bilateral and multilateral frameworks, both formal and informal, to pursue comprehensive debt payment relief for Ukraine.

(c)

Multilateral financial support for Ukraine

The Secretary of the Treasury shall direct the United States Executive Director at each international financial institution (as defined in section 1701(c)(2) of the International Financial Institutions Act) to use the voice and vote of the United States to support, to the maximum extent practicable, the provision of concessional financial assistance for Ukraine.

(d)

Multilateral financial support for refugees

The Secretary of the Treasury shall direct the United States Executive Director at each international financial institution (as defined in section 1701(c)(2) of the International Financial Institutions Act) to use the voice and vote of the United States to seek to provide economic support for refugees from Ukraine, including refugees of African descent, and for countries receiving refugees from Ukraine.

3.

Report to the congress

Not later than December 31 of each year, the President shall—

(1)

submit to the Committees on Financial Services, on Appropriations, and on Foreign Affairs of the House of Representatives and the Committees on Foreign Relations and on Appropriations of the Senate, a report on the activities undertaken under this Act; and

(2)

make public a copy of the report.

4.

Waiver and termination

(a)

Waiver

The President may waive the provisions of this Act if the President determines that a waiver is in the national interest of the United States and reports to the Congress an explanation of the reasons therefor.

(b)

Termination

The preceding provisions of this Act shall have no force or effect on or after the date that is 7 years after the date of the enactment of this Act.

Passed the House of Representatives May 11, 2022.

Cheryl L. Johnson,

Clerk.