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,,( ,,repres5tatives  ,augu/ #ah1       
#bjbj,mr4 ,gre5 ( ,t5nessee submitt$ !  
foll[+ concurr5t resolution2 :i* 0      
ref]r$ to ! ,committee on ,f9ancial     
,s]vices1 & 9 addition to ! ,committee  
on ,=eign ,affairs1 = a p]iod to be     
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,,concurr5t ,,resolution       
,express+ ! s5se ( ,congress t !        
,presid5t %\ld d ev]y?+ 9 8 p[] to      
a*ieve resolution & repaym5t ( !        
default$ sov]eign debt ( ! ,p's         
,republic ( ,*9a held by #bj1jjj        
families 9 ! ,unit$ ,/ates repres5t$ by 
! ,am]ican ,bondhold]s ,f\ndation1      
,,llc4  ,:]eas sov]eign debt obligations
 79 ?is preamble ref]r$ to z bonds7 ( ! 
,gov]nm5t ( ! ,p's ,republic ( ,*9a 7   
(f]$ & sold 9 ,unit$ ,/ates capital     
m>kets2 ,:]eas ! bonds con/itute full   
fai? & cr$it sov]eign obligations ( !   

int]nationally recogniz$ ,gov]nm5t ( !  
,p's ,republic ( ,*9a2 ,:]eas ! ,p's    
,republic ( ,*9a subsequ5tly default$ on
 ^? bonds2 ,:]eas ! bonds con/itute an  
unpaid g5]al obligation ( ! ,gov]nm5t ( 
! ,p's ,republic ( ,*9a2 ,:]eas "u !    
successor gov]nm5t doctr9e ( settl$     
int]national law 7relat+ to e/abli%+ !  
cont9uity ( obligations among successor 
gov]nm5ts71 ! repaym5t obligation = !   
bonds is ! obligation ( ! ,gov]nm5t ( ! 
,p's ,republic ( ,*9a2 ,:]eas !         
,gov]nm5t ( ! ,p's ,republic ( ,*9a     
cont9ues to refuse to repay ! bonds held
 by ,unit$ ,/ates citiz5s & has         
(ficially repudiat$ ! debts1 :i* is a   
cle> violation ( ,unit$ ,/ates law1     
int]national law1 & ! rules &           
regulations ( ! ,_w ,bank & !           
,int]national ,monet>y ,fund2 ,:]eas !  
,gov]nm5t ( ! ,p's ,republic ( ,*9a     
honor$ repaym5t ( ! exact same bonds    
held by citiz5s ( ! ,unit$ ,k+dom :ile  
reject+ ! claims ( citiz5s ( ! ,unit$   
,/ates2 ,:]eas s9ce ! normalization (   

bilat]al relations betwe5 ! ,unit$      
,/ates & ! ,p's ,republic ( ,*9a 9 !    
#aigjs1 ! ,unit$ ,/ates has %[n good w  
to ! ,p's ,republic ( ,*9a by focus+ on 
an expansion ( bilat]al trade :ile      
def]r+ discussion ( repaym5t ( ! ,p's   
,republic ( ,*9a's default$ national    
debt2 ,:]eas "u /&>d legal pr9ciples1 ! 
,p's ,republic ( ,*9a's default$        
sov]eign gold debt has be5 accumulat+   
comp\nd int]e/ = m ?an #hb ye>s & is    
e/imat$ to exce$ ! total am\nt ( !      
,unit$ ,/ates national debt to ! ,p's   
,republic ( ,*9a2 ,:]eas1 z             
repres5tative ( ,unit$ ,/ates bondhold]s
 :o own ! ,p's ,republic ( ,*9a's       
default$ sov]eign gold bonds1 ,am]ican  
,bondhold]s ,f\ndation1 ,,llc1 has      
propos$ us+ ! ,p's ,republic ( ,*9a's   
obligations z paym5t = ! ,unit$ ,/ates  
national debt to ! ,p's ,republic (     
,*9a2 ,:]eas ! ,gov]nm5t ( ! ,p's       
,republic ( ,*9a cov]$ up ! outbreak ( !
 coronavirus disease #bjai 7commonly    
ref]r$ to z ,,covid-#ai7 dur+ its e>ly  

/ages1 result+ 9 a global p&emic & m ?an
 #b1jjj1jjj1jjj1jjj 9 f9ancial damage to
 ! ,unit$ ,/ates2 & ,:]eas ! ,unit$     
,/ates ,gov]nm5t pays its debts1 & s    
%\ld ! ,gov]nm5t ( ! ,p's ,republic (   
,*9a3 ,n[1 !re=e1 be x ,t x is ! s5se ( 
,congress t ! ,presid5t %\ld d ev]y?+ 9 
8 p[] to a*ieve resolution & repaym5t ( 
! default$ sov]eign debt ( ! ,p's       
,republic ( ,*9a held by #bj1jjj        
families 9 ! ,unit$ ,/ates :o are       
repres5t$ by ! ,am]ican ,bondhold]s     
,f\ndation1 ,,llc1 = ! b5efit ( !       
bondhold]s & ! p ( ! ,unit$ ,/ates4