The Jubilee Act (HR 2634/ S. 2166): Cancels impoverished country debt in 67 countries, prohibits harmful economic and policy conditions on debt cancellation, mandates transparency and responsibility in lending from governments and international financial institutions, calls for a new legal framework to restrict the activities of predatory “vulture funds,” and calls for a U.S. audit of debts resulting from odious and illegitimate lending.
There are only 55 working days on Congress’ calendar this year. Most of them are scheduled early in the year before the presidential campaign enters its final stage this summer. In short, the time to act is now!
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