,,iv  #aacth ,,congress  #b;d ,session  
,h4 ,,res4 #gdd  ,,in ,,the ,,house ,,of
 ,,representatives  ,september #ah1     
#bjad ,mr4 ,posey submitted the         
following resolution2 which was referred
 to the ,committee on ,foreign ,affairs 
,,resolution  ,expressing the sense of  
the ,house of ,representatives that the 
,republic of ,argentina's continued     
participation in the ,group of ,twenty  
,finance ,ministers and ,central ,bank  
,governors 7,g#bj7 nations should be    
conditioned on its adherence to         
international norms of economic         
cooperation and the rule of law4        
,whereas ,argentina has enjoyed the     
privilege of membership in the ,group of
 ,twenty ,finance ,ministers and        
,central ,bank ,governors 7,g#bj7 since 
the formation of the ,g#bj in #aiii2    
,whereas at the first ,g#bj ,summit in  
#bjjh1 leaders of the member nations    
committed to free market principles1    
including the rule of law1 respect for  
private property1 open trade and        

investment1 competitive markets1 and    
efficient1 effectively regulated        
financial systems1 which are essential  
to economic growth and prosperity2      
,whereas at the ,pittsburgh ,summit of  
#bjji1 ,g#bj nations designated the     
,g#bj to be the premier forum for our   
international economic cooperation1 and 
agreed to work together to generate     
strong1 sustainable and balanced global 
growth2 ,whereas at the most recent     
,leaders' ,summit of #bjac1 ,g#bj       
nations reaffirmed their commitment to  
tackle money laundering and terrorism   
financing1 and to intensify the fight   
against corruption which is corrosive1  
destroying public trust1 distorting the 
allocation of resources and undermining 
the rule of law2 ,whereas the ,republic 
of ,argentina has consistently violated 
the spirit and letter of these and other
 ,g#bj declarations through its decision
 to default on its debt for a second    
time after repeatedly refusing to       
negotiate with its creditors1 its open  

and repeated defiance of the judgments  
of ,united ,states courts and personal  
attacks against a ,united ,states       
,federal judge1 its failure to comply   
with ,international ,monetary ,fund     
membership requirements1 its maintenance
 of stringent trade barriers that hinder
 ,united ,states exports1 its policy of 
expropriating the property of foreign   
investors1 and its failure to implement 
anti-money laundering and terrorist     
financing measures2 ,whereas ,standard  
,poor's declared ,argentina in default  
in ,july #bjad for the second time in   
#ac years2 ,whereas the ,argentine      
,government has passed legislation to   
restructure its debt beyond the reach of
 ,united ,states law to defy and        
directly contravene a ,united ,states   
,federal court injunction2 ,whereas a   
,united ,states ,district ,court ,judge 
determined that the multiple statements 
the ,argentine ,government issued       
asserting that the country had not      
defaulted in ,july #bjad were false and 

misleading1 and ordered ,argentina to   
cease making such statements or risk    
being held in contempt2 ,whereas in     
response1 ,argentina launched a social  
media campaign attacking the ,united    
,states judiciary2 ,whereas the         
,argentine ,government has intimidated  
foreign owned businesses that operate in
 ,argentina2 ,whereas the ,united       
,states ,government has determined that 
the trade restrictions ,argentina       
continues to maintain violate           
international trade rules and           
substantially hinder the export of      
,american goods to the ,argentine       
,republic2 ,whereas since #bjaj1 the    
,financial ,action ,task ,force has     
classified ,argentina as a jurisdiction 
with strategic ,anti-,money ,laundering 
and ,countering the ,financing of       
,terrorism deficiencies that pose a risk
 to the international financial system2 
and ,whereas ,argentina's actions have  
downgraded its credit rating and put the
 economic future of its citizens at risk

 by contributing directly to accelerated
 inflation in ,argentina of nearly #dj  
percent1 economic stagnation1 growing   
poverty1 drastically reduced imports and
 foreign direct investment1 increasing  
isolation from the international        
community1 and borrowing costs nearly   
triple that of neighboring countries    
that are much poorer than ,argentina3   
,now1 therefore1 be it  ,that--  7#a7 it
 is the sense of the ,house of          
,representatives that the ,republic of  
,argentina has failed to meet the       
responsibilities inherent to membership 
in the ,group of ,twenty ,finance       
,ministers and ,central ,bank ,governors
 7,g#bj72 and  7#b7 the ,house of       
,representatives calls upon the         
,president and the ,secretary of the    
,treasury to work with the governments  
of the ,g#bj members to terminate the   
participation of ,argentina in the ,g#bj
 until the ,president determines and    
reports to ,congress that ,argentina    
has--  7,a7 ended its defiance of       

international norms of economic         
relations2 and  7,b7 reestablished its  
commitment to the rule of law4