H.R.2634: Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 2008

About This Bill

Bill Cosponsors

104 (100 Democrats, 5 Republicans)

Bill Summary

Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 2008 - (Sec. 3) Amends the International Financial Institutions Act to direct the Secretary of the Treasury, within the Paris Club of Official Creditors, the International Monetary Fund (IMF), the International Bank for Reconstruction and Development (World Bank), and other defined international financial institutions, to negotiate an agreement to accomplish the following:...

(Source: Library of Congress)

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.2634.

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
Committee Hearings Held.
Subcommittee on Domestic and International Monetary Policy, Trade, and Technology Discharged.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
Reported (Amended) by the Committee on Financial Services. H. Rept. 110-575.
Placed on the Union Calendar, Calendar No. 354.
Rules Committee Resolution H. Res. 1103 Reported to House. Rule provides for consideration of H.R. 2634 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill.
Rule H. Res. 1103 passed House.
Considered under the provisions of rule H. Res. 1103.
Rule provides for consideration of H.R. 2634 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 1103 and Rule XVIII.
The Speaker designated the Honorable Ed Pastor to act as Chairman of the Committee.
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 2634.
DEBATE - Pursuant to the provisions of H. Res. 1103, the Committee of the Whole proceeded with 10 minutes of debate on the Frank (MA) amendment.
POSTPONED PROCEEDINGS - At the end of debate on the Frank (MA) amendment, the Chair put the question on adoption of the amendment, and by voice vote, announced that the ayes had prevailed. Mr. Frank (MA) demanded a recorded vote and the Chair postponed further proceedings on the question until later in the legislative day.
DEBATE - Pursuant to the provisions of H. Res. 1109, the Committee of the Whole proceeded with ten minutes of debate on the Rohrabacher amendment.
POSTPONED PROCEEDINGS - At the end of debate on the Rohrabacher amendment, the Chair put the question on adoption of the amendment, and by voice vote, announced that the ayes had prevailed. Mr. Rohrabacher demanded a recorded vote and the Chair postponed further proceedings on the question until later in the legislative day.
DEBATE - Pursuant to the provisions of H. Res. 1103, the Committee of the Whole proceeded with ten minutes of debate on the Hastings (FL) amendment.
UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question of adoption of the Rohrabacher amendment, which had been debated earlier and on which further proceedings had been postponed.
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 2634.
The previous question was ordered pursuant to the rule.
The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
Mr. Diaz-Balart, M. moved to recommit with instructions to Financial Services.
DEBATE - The House proceeded with ten minutes of debate on the Mario Diaz-Balart motion to recommit with instructions. The instructions contained in the motion seek to add language to the bill that excludes any country whose government has business interests with Iran.
The previous question on the motion to recommit with instructions was ordered without objection.
On motion to recommit with instructions Agreed to by the Yeas and Nays: 291 - 130, 1 Present (Roll no. 198).
On passage Passed by recorded vote: 285 - 132 (Roll no. 199).
Motion to reconsider laid on the table Agreed to without objection.
CLERK TO CORRECT AUTHORITY - Mr. Bachus asked unanimous consent that in the engrossment of H.R. 2634, the Clerk be directed to execute the second instruction in the amendment conveyed by the motion to recommit as though it read "all that follows on that line" rather than "all that follows". Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
June 7, 2007

Introduced in the House by Maxine Waters (D-Calif.)

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