Regarding the endorsement of U.S. citizens' claims for payment by Chinese Government of defaulted Chinese bonds.
The source supplies the latest action, but no lifecycle stage.
Latest action (24 May 2007): Referred to the House Committee on Financial Services.
What this bill does
H.Con.Res. 160 is a proposed resolution in the House of Representatives that aims to express Congress's recommendation to the People's Republic of China (PRC). Specifically, it recommends that the PRC be denied access to all U.S. capital markets until it fully complies with the terms of the World Trade Organization (WTO) Agreement and repays outstanding defaulted public debts owed to U.S. citizens. The resolution highlights that these bonds were issued by China between 1913 and 1938 and that the PRC has not honored them.
This resolution would affect U.S. citizens who hold these specific defaulted Chinese bonds, as well as the People's Republic of China by potentially restricting its access to U.S. capital markets. The bill was introduced in the House of Representatives and has been referred to the House Committee on Financial Services. Its next steps would depend on the committee's action, such as holding hearings or reporting the bill out to the full House for consideration.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
24 May 2007
Referred to the House Committee on Financial Services.
Common questions
- What does H.Con.Res. 160 do?
- H.Con.Res. 160 is a proposed resolution in the House of Representatives that aims to express Congress's recommendation to the People's Republic of China (PRC). Specifically, it recommends that the PRC be denied access to all U.S. capital markets until it fully complies with the terms of the World Trade Organization (WTO) Agreement and repays outstanding defaulted public debts owed to U.S. citizens. The resolution highlights that these bonds were issued by China between 1913 and 1938 and that the PRC has not honored them. This resolution would affect U.S. citizens who hold these specific defaulted Chinese bonds, as well as the People's Republic of China by potentially restricting its access to U.S. capital markets. The bill was introduced in the House of Representatives and has been referred to the House Committee on Financial Services. Its next steps would depend on the committee's action, such as holding hearings or reporting the bill out to the full House for consideration.
- Has H.Con.Res. 160 become law?
- The source does not supply a confirmed lifecycle stage for H.Con.Res. 160. Check the latest action and official source below.
- Who sponsored H.Con.Res. 160?
- H.Con.Res. 160 was sponsored by Rep. Davis, Lincoln [D-TN-4] (D-TN), with 18 cosponsors.
- What's the latest action on H.Con.Res. 160?
- Referred to the House Committee on Financial Services. (24 May 2007).
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