Stop Very Unscrupulous Loan Transfers from Underprivileged countries to Rich, Exploitive Funds Act
About This Bill
Committee
Latest Action · August 1, 2008
Referred to the Committee on the Judiciary, and in addition to the Committee on Financial Services, 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.
Stop Very Unscrupulous Loan Transfers from Underprivileged Countries to Rich, Exploitive Funds Act or the Stop VULTURE Funds Act - Prohibits: (1) any U.S. person from engaging in sovereign debt profiteering, or any person engaging in sovereign debt profiteering in the United States; and (2) any U.S. court from issuing a summons, subpoena, writ, judgment, attachment, or execution in aid of a claim which would further sovereign debt profiteering.
Sets forth: (1) required court disclosures in actions involving collection of sovereign debt; and (2) related responsibilities of the Secretary of the Treasury.
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