Judgment Evading Foreign States Accountability Act of 2009
Latest action · May 19, 2009 Referred to House Foreign Affairs
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 19, 2009
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Judgment Evading Foreign States Accountability Act of 2009 - States the policy of the United States regarding: (1) advocacy within the governing bodies of international organizations and other foreign policy settings for the full compensation and fair treatment of persons in whose favor judgments have been awarded by U.S. courts; (2) protection of economic interests of persons and nations that benefit from a reliable flow of foreign capital by restricting the access to U.S. capital markets of judgment evading foreign states (foreign states that fail to fully satisfy a final judgment exceeding a certain amount for more than two years) and their state-owned corporations, warning of the dangers of dealing financially with such states and state-owned corporations, and congressional scrutiny of requests for aid made by such states; and (3) protection of the authority of the U.S. courts by preventing such states from willfully flouting the judgments of those courts.
Directs the Securities and Exchange Commission (SEC) to: (1) deny a judgment evading foreign state access to U.S. capital markets unless the proceeds of borrowing or securities issuance are to be used in the first instance to satisfy in full all final judgments that form the basis for such designation as such a state; and (2) require all periodic filings made by such a state with the SEC to prominently bear a warning describing its failure to satisfy outstanding judgments. Imposes similar restrictions on state-owned corporations of such states.
Requires: (1) a proposal to extend bilateral or multilateral assistance to a judgment evading state to bear notice that such state is a judgment evading state; and (2) the Secretary of the Treasury to report annually to Congress identifying each such state.
Cosponsors 31
Members who signed on, in the order they did. Signatures ran from May 19, 2009 to Feb 25, 2010, with 6 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Carolyn B. Maloney | Original | May 19, 2009 |
| D-NY | Daniel B. Maffei | Original | May 19, 2009 |
| D-NY | Michael E. McMahon | Original | May 19, 2009 |
| D-NY | Paul Tonko | Original | May 19, 2009 |
| D-FL | Robert Wexler | Original | May 19, 2009 |
| D-NY | Timothy H. Bishop | Original | May 19, 2009 |
| D-NY | Brian Higgins | Jun 2, 2009 | |
| R-AZ | John B. Shadegg | Jun 11, 2009 | |
| D-NY | John J. Hall | Jun 11, 2009 | |
| D-NY | Edolphus Towns | Jun 16, 2009 | |
| R-NC | Patrick T. McHenry | Jul 23, 2009 | |
| D-MO | Russ Carnahan | Jul 23, 2009 | |
| R-FL | Bill Posey | Jul 30, 2009 | |
| R-TX | Kenny Marchant | Jul 30, 2009 | |
| R-OK | Mary Fallin | Jul 30, 2009 |
Actions 4
Everything that happened, newest first.
- May 19, 2009Introduced in House
- May 19, 2009Referred to House Financial Services
- May 19, 2009Referred to House Foreign Affairs
- May 19, 2009Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, 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.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 5564 | Judgment Evading Foreign States Accountability Act of 2010 | Related bill | Jun 22, 2010 |
Subjects
Assigned by the Library of Congress. Policy area: International Affairs.
- Business investment and capital
- Civil actions and liability
- Congressional oversight
- Foreign aid and international relief
- Foreign and international banking
- Foreign and international corporations
- Foreign loans and debt
- Government liability
- International Affairs
- Multilateral development programs
- Sanctions
- Securities
- U.S. and foreign investments
Text 1
Each version as it was printed, newest first.
- May 19, 2009Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.