Bill113th Congress

S.Res. 10

A resolution expressing the sense of the Senate regarding the Government of Antigua and Barbuda and its actions relating to the Stanford Financial Group fraud.

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Introduced
Jan 23, 2013
Origin Chamber
Senate
Policy Area
International Affairs
Latest Action
Jan 23, 2013

Sponsor

Sen. Vitter, David [R-LA]

Republican·LA
Bioguide ID: V000127
First Name: David
Last Name: Vitter
By Request: N
0
Cosponsors
1
Committees
2
Actions
0
Amendments
0
Related Bills
13
Subjects
1
Summaries
2
Titles
1
Text Versions

Bill Details

Update Date
Nov 15, 2022
Origin Chamber
Senate
Bill Type
SRES
Resolution Number
10
Congress
113
Introduced Date
Jan 23, 2013
Policy Area
International Affairs
Is Law
No
Jan 23, 2013IntroReferral

Referred to the Committee on Foreign Relations. (text of measure as introduced: CR S225-226)

Source: Senate

Jan 23, 2013IntroReferral10000

Introduced in Senate

Source: Library of Congress

Introduced in Senate· Jan 23, 20130

Expresses the sense of the Senate that all further assistance provided by the United States to Antigua and Barbuda should be suspended until Antigua and Barbuda provide complete redress of specified issues regarding an investigation of the Stanford Financial Group fraud.

Includes among such redress: (1) an agreement by of Antigua and Barbuda to be subject to the jurisdiction and bound by the judgment of any U.S. court that adjudicates the claims relating to the Stanford Financial Group fraud; (2) the transfer of the assets seized by Antigua and Barbuda, or obtained by the joint liquidators of Stanford International Bank, to the U.S. district court-appointed receiver for the benefit of victims of the fraud; (3) a specified contribution by Antigua and Barbuda to the U.S. receivership estate for the benefit of victims of the fraud; (4) fulfillment by Antigua and Barbuda of their obligations relating to the expropriation of the Half Moon Bay Resort; and (5) an agreement by Antigua and Barbuda to neither interfere with the receivership commenced by the United States, nor seek control of assets claimed by the United States.

Expresses the sense of the Senate that the Secretary of the Treasury should direct the U.S. Executive Directors of the International Bank for Reconstruction and Development and the International Development Association (World Bank) and the International Monetary Fund (IMF) to use the voice and vote of the United States to ensure that any future loan made by the World Bank or the IMF to Antigua and Barbuda is conditioned upon providing complete redress of these matters, and satisfaction of this resolution.

Foreign Relations Committee

Senate· Standing
Antigua and BarbudaBank accounts, deposits, capitalCaribbean areaCrime victimsCriminal investigation, prosecution, interrogationFinancial services and investmentsForeign aid and international reliefForeign and international bankingForeign loans and debtFraud offenses and financial crimesJurisdiction and venueLatin AmericaMultilateral development programs

Introduced in Senate

Jan 23, 2013

A resolution expressing the sense of the Senate regarding the Government of Antigua and Ba… — Informed