The Jubilee Act directs the Secretary of the Treasury to develop and promote policies to prevent bilateral. multilateral. and private creditors from eroding the gains of debt relief through irresponsible or exploitive lending. I am particularly pleased that this legislation takes this important step toward fixing broken systems of international lending. I am proud to support the Managers Amendment to this legislation. introduced by Congressman FRANK. which adds additional conditions to the eligibility criteria for debt relief. including complying with minimum standards for eliminating human trafficking. cooperating with American efforts to stop illegal immigration. and being committed to free and fair elections. I also support the amendment offered by my colleague Congressman HASTINGS of Florida. This amendment adds a Sense of Congress stating that. due to the current humanitarian and political instability in Haiti. including food shortages and political turmoil. the Secretary of the Treasury should use his influence to expedite the complete and immediate cancellation of Haitis debts to all international financial institutions. or if such debt cancellation cannot be provided. to urge the institutions to immediately suspend the requirement that Haiti make further debt service payments on debts owed to the institutions.
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illegal immigration