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Maxine Waters


Latest Update: Monday, December, 01st 2008

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To prevent speculation and profiteering in the defaulted debt of certain poor countries, and for other purposes.

8/1/2008--Introduced.

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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Latest Actions
  • 08/01/2008 - 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.
  • 08/01/2008 - Referred to House Judiciary
  • 08/01/2008 - Referred to House Financial Services
Bill Text
File name Last Updated
H.R.6796 Introduced in House08/04/2008