On June 24, the Senate Foreign Relations Committee passed the Jubilee Act for Responsible Lending and Expanded Debt Cancellation (S. 2166). The legislation was then reported for consideration to the full Senate.
In a statement Senator Bob Casey (PA) said, “I’m pleased that at a time when nations around the world are suffering and their citizens are dying of hunger, disease and poverty, the Senate Foreign Relations Committee recognizes the importance of helping the world’s poorest countries.”
This legislation would expand debt cancellation to impoverished countries that need it to fight poverty, promote responsible lending and require an audit of odious, illegal and onerous loans. The bill passed the House of Representatives by a 285-132 vote on April 16. Contact your Senators and urge them to support the Jubilee Act.