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H.R. 2932

BillFederalHouseIn Committee
Stop Very Unscrupulous Loan Transfers from Underprivileged countries to Rich, Exploitive Funds Act
About This Bill
Committee
Latest Action · July 23, 2009
Referred to the Subcommittee on Courts and Competition Policy.
Congress
111th (2009–2011)
Introduced
June 18, 2009
Cosponsors (34)
33D 1R
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Summary

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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 at all from engaging in such 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 required court disclosures in actions involving collection of sovereign debt.

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