,,iii #aacth ,,congress #ast ,session ,s4 ,,res4 #aj ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,january #bc 7legislative day1 ,january #c71 #bjac ,mr4 ,vitter submitted the following resolution2 which was referred to the ,committee on ,foreign ,relations ,,resolution ,expressing the sense of the ,senate regarding the ,government of ,antigua and ,barbuda and its actions relating to the ,stanford ,financial ,group fraud4 ,whereas the ,government of ,antigua and ,barbuda has committed numerous acts against the interests of ,united ,states citizens and operated the financial sector and judicial system of ,antigua and ,barbuda in a manner that is manifestly contrary to the public policy of the ,united ,states2 ,whereas #bj1jjj investors1 including many ,united ,states citizens1 lost #g1bjj1jjj1jjj in an alleged ,ponzi scheme involving fictitious certificates of deposit from ,stanford ,international ,bank1 an offshore bank chartered in ,antigua and ,barbuda2 ,whereas the ,government of ,antigua and ,barbuda violated the order of the ,united ,states ,district ,court for the ,northern ,district of ,texas regarding the receivership proceeding initiated at the request of the ,united ,states ,securities and ,exchange ,commission 7referred to in this preamble as the ,securities and ,exchange ,commission71 in which the court took exclusive control of all the assets owned by ,allen ,stanford and ,stanford-affiliated entities around the world and documents relating to those assets2 ,whereas the ,government of ,antigua and ,barbuda challenged the authority of the ,united ,states ,district ,court for the ,northern ,district of ,texas by-- 7#a7 initiating a separate and competing liquidation proceeding for ,stanford ,international ,bank2 and 7#b7 appointing liquidators who have defied the orders of the court in multiple jurisdictions around the world by litigating for control of hundreds of millions of dollars in bank accounts in the ,united ,kingdom1 ,switzerland1 and ,canada2 ,whereas the ,government of ,antigua and ,barbuda challenged the authority of the ,united ,states ,department of ,justice by seeking to obtain control of hundreds of millions of dollars in bank accounts in the ,united ,kingdom1 ,switzerland1 and ,canada that had been frozen at the request of the ,department of ,justice in accordance with multilateral criminal asset forfeiture treaties2 ,whereas the courts of ,antigua and ,barbuda have denied recognition of the ,united ,states district court-appointed receiver for all assets of ,allen ,stanford and ,stanford-affiliated entities2 ,whereas the ,stanford ,international ,bank liquidators appointed by the ,eastern ,caribbean ,court of ,appeals now seek recognition of the ,antigua and ,barbuda liquidation proceeding as a foreign insolvency proceeding under chapter #ae of title #aa1 ,united ,states ,code1 in the ,united ,states ,district ,court for the ,northern ,district of ,texas2 ,whereas the ,government of ,antigua and ,barbuda acknowledged in a statement in ,march #bjaj that-- 7#a7 ,stanford ,international ,bank was operating in ,antigua as a transit point and for purposes of registration and regulation2 and 7#b7 the business of ,stanford ,international ,bank1 ,ltd4 was run from ,houston1 ,texas1 and its books maintained in ,memphis1 ,tennessee2 ,whereas ,allen ,stanford1 the ,stanford ,financial ,group1 and the ,government of ,antigua and ,barbuda enjoyed a mutually beneficial business relationship involving numerous economic development projects and loans to the government of at least #he1jjj1jjj1 and forensic accounting reports have identified those loans as having been made from ,stanford ,international ,bank certificate of deposit funds2 ,whereas1 in ,june #bjaj1 the ,securities and ,exchange ,commission alleged that ,allen ,stanford bribed ,leroy ,king1 the chief executive officer of the ,financial ,services ,regulatory ,commission of ,antigua and ,barbuda1 to persuade ,leroy ,king to-- 7#a7 not investigate ,stanford ,international ,bank2 7#b7 provide ,allen ,stanford with access to the confidential files of the ,financial ,services ,regulatory ,commission2 7#c7 allow ,allen ,stanford to dictate the response of the ,financial ,services ,regulatory ,commission to inquiries by the ,securities and ,exchange ,commission about ,stanford ,international ,bank2 and 7#d7 withhold information from the ,securities and ,exchange ,commission2 ,whereas1 in ,june #bjaj1 the ,united ,states ,department of ,justice indicted ,leroy ,king on criminal charges and ordered ,leroy ,king to be extradited to the ,united ,states2 ,whereas the ,government of ,antigua and ,barbuda has failed to complete the process of extraditing ,leroy ,king to the ,united ,states to stand trial2 ,whereas ,dr4 ,errol ,cort1 who served as the ,minister of ,finance of ,antigua and ,barbuda from #bjjd to #bjji1 allegedly received more than #a1jjj1jjj of fraudulently transferred ,stanford investor funds either directly or indirectly through his law firm1 ,cort ,cort2 ,whereas ,cort ,cort1 the law firm of ,dr4 ,errol ,cort1 served as the official registered agent for ,stanford ,international ,bank until ,june #bjji2 ,whereas the ,government of ,antigua and ,barbuda1 along with the ,eastern ,caribbean ,central ,bank-- 7#a7 seized control and possession of the ,allen ,stanford-owned ,bank of ,antigua without compensation to the ,united ,states district court-appointed receiver2 7#b7 renamed that bank the ,eastern ,caribbean ,amalgamated ,bank2 and 7#c7 allocated a #dj-percent ownership position to the ,government of ,antigua and ,barbuda and #fj-percent ownership to #e ,eastern ,caribbean ,central ,bank member banks2 ,whereas1 after the fraud that the ,stanford ,financial ,group allegedly perpetrated was made public1 the ,government of ,antigua and ,barbuda expropriated numerous ,allen ,stanford-owned properties in ,antigua and ,barbuda worth up to several hundred million dollars1 and the government has not turned over those properties to the ,united ,states district court-appointed receiver2 ,whereas the ,government of ,antigua and ,barbuda expropriated without compensation the property known as the ,half ,moon ,bay ,resort1 which is owned by a group of #ab ,united ,states citizens2 and ,whereas the ,government of ,antigua and ,barbuda-- 7#a7 has sought and obtained loans from the ,international ,bank for ,reconstruction and ,development and the ,international ,development ,association 7commonly known as the ,world ,bank7 and the ,international ,monetary ,fund2 and 7#b7 is the recipient of other direct and indirect aid from the ,united ,states3 ,now1 therefore1 be it ,that it is the sense of the ,senate that-- 7#a7 provision of all further direct or indirect aid or assistance1 including assistance derived from ,federal funds1 by the ,united ,states ,government to the ,government of ,antigua and ,barbuda should be suspended until the ,government of ,antigua and ,barbuda provides complete redress of the issues described in the preamble1 including through-- 7,a7 the full cooperation of the ,government of ,antigua and ,barbuda and any appointee of that government1 including the joint liquidators of ,stanford ,international ,bank1 with the ,united ,states ,securities and ,exchange ,commission1 the ,united ,states ,department of ,justice1 the ,united ,states district court-appointed receiver1 and the ,united ,states district court-appointed ,stanford ,investors ,committee1 in investigating the ,stanford ,financial ,group fraud and marshaling the assets of ,allen ,stanford and all ,stanford-affiliated entities2 7,b7 an agreement by the ,government of ,antigua and ,barbuda to be subject to the jurisdiction and bound by the judgment of any ,united ,states court that adjudicates the claims relating to the ,stanford ,financial ,group fraud2 7,c7 the transfer of the assets seized by the ,government of ,antigua and ,barbuda1 or obtained by the joint liquidators of ,stanford ,international ,bank1 to the ,united ,states district court-appointed receiver for the benefit of victims of the ,stanford ,financial ,group fraud2 7,d7 a contribution by the ,government of ,antigua and ,barbuda to the ,united ,states receivership estate for the benefit of victims of the ,stanford ,financial ,group fraud1 in an amount equal to the amount of any funds that ,allen ,stanford or any ,stanford-affiliated entity provided to the ,government or government officials of ,antigua and ,barbuda2 7,e7 a contribution by the ,government of ,antigua and ,barbuda to the ,united ,states receivership estate for the benefit of victims of the ,stanford ,financial ,group fraud1 in an amount equal to any payments that ,allen ,stanford or the ,stanford ,financial ,group made to ,leroy ,king or any other official of the ,government of ,antigua and ,barbuda for the purpose of subverting regulatory oversight of ,stanford ,international ,bank2 7,f7 the fulfillment by the ,government of ,antigua and ,barbuda of its obligations relating to the expropriation of the ,half ,moon ,bay ,resort2 and 7,g7 an agreement by the ,government of ,antigua and ,barbuda to not-- 7i7 interfere with the receivership commenced by the ,united ,states ,government2 and 7ii7 seek control of assets claimed by the ,united ,states ,government2 and 7#b7 the ,secretary of the ,treasury should direct the ,united ,states ,executive ,directors of the ,international ,bank for ,reconstruction and ,development and the ,international ,development ,association 7commonly known as the ,world ,bank7 and the ,international ,monetary ,fund to use the voice and vote of the ,united ,states to ensure that any future loan made by the ,world ,bank or the ,international ,monetary ,fund to the ,government of ,antigua and ,barbuda is conditioned on providing complete redress of the matters1 and satisfaction of the requirements1 described under paragraph 7#a74