#aagth ,,congress  #ast ,session  ,h4   
,r4 #daaa  ,,an ,,act  ,to require the  
,secretary of the ,treasury to direct   
the ,united ,states ,executive ,director
 at the ,international ,monetary ,fund  
to advocate that the ,fund provide      
technical assistance to ,fund members   
seeking to enhance their capacity to    
evaluate the legal and financial terms  
of sovereign debt contracts1 and for    
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,sovereign     
,debt ,contract ,capacity ,act4  #b4    
,support to enhance the capacity of     
,international ,monetary ,fund members  
to evaluate the legal and financial     
terms of sovereign debt contracts  7a7  
,in general ,title ,,xvi of the         
,international ,financial ,institutions 
,act 7#bb ,u4,s4,c4 #bfbp-#bfbp-#ac7 is 
amended by adding at the end the        
following3  #afcj4 ,support to enhance  
the capacity of ,fund members to        
evaluate the legal and financial terms  
of sovereign debt contracts ,the        

,secretary of the ,treasury shall       
instruct the ,united ,states ,executive 
,director at the ,international         
,monetary ,fund to use the voice and    
vote of the ,united ,states to advocate 
that the ,fund promote international    
standards and best practices with       
respect to sovereign debt contracts and 
provide technical assistance to ,fund   
members1 and in particular to lower     
middle-income countries and countries   
eligible to receive assistance from the 
,international ,development             
,association1 seeking to enhance their  
capacity to evaluate the legal and      
financial terms of sovereign debt       
contracts with multilateral1 bilateral1 
and private sector creditors4  4  7b7   
,report to the congress ,within #a year 
after the date of the enactment of this 
,act1 and annually thereafter for the   
next #d years1 the ,secretary of the    
,treasury shall report to the ,committee
 on ,financial ,services of the ,house  
of ,representatives and the ,committee  

on ,foreign ,relations of the ,senate   
on--  7#a7 the activities of the        
,international ,monetary ,fund in the   
then most recently completed fiscal year
 to provide technical assistance        
described in section #afcj of the       
,international ,financial ,institutions 
,act1 including the ability of the ,fund
 to meet the demand for the assistance2 
and  7#b7 the efficacy of efforts by the
 ,united ,states to achieve the policy  
goal described in such section and any  
further actions that should be taken1 if
 necessary1 to implement that goal4  7c7
 ,sunset ,the amendment made by         
subsection 7a7 shall have no force or   
effect after the #e-year period that    
begins with the date of the enactment of
 this ,act4  ,passed the ,house of      
,representatives ,october #be1          
#bjba4;,clerk4