H.R. 4111 · 117th Congress

Sovereign Debt Contract Capacity Act

Introduced on Jun 23, 2021 by Maxine Waters (D-CA-43). One cosponsor. Latest action (Oct 26, 2021): Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

Stage
Passed one chamber
Introduced
Jun 23, 2021
Cosponsors
1
1 from the other party
Policy area
International Affairs
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Progress

The furthest stage the measure reached. Simple and concurrent resolutions do not go to the President.

  1. Introduced
  2. Reported by committee
  3. Passed one chamber
  4. 4Passed both chambers
  5. 5Sent to the President
  6. 6Became law

Official title

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 contracts, and for other purposes.

Subjects

  • Budget deficits and national debt
  • Congressional oversight
  • Foreign Trade and International Finance
  • Foreign aid and international relief
  • Foreign loans and debt
  • International monetary system and foreign exchange

Summary

By the Congressional Research Service (Passed House, Oct 25, 2021). Public domain.

Sovereign Debt Contract Capacity Act

This bill requires the Department of the Treasury to instruct the U.S. Executive Director at the International Monetary Fund to advocate for the fund to promote international standards and best practices with respect to sovereign debt contracts and to provide technical assistance to fund members. Such assistance should focus on lower middle-income countries in order to enhance their capacity to evaluate the legal and financial terms of sovereign debt contracts with private sector creditors.

Sponsor and cosponsors

Cosponsors by party as of the day they signed on. Original cosponsors signed on the day of introduction.

Maxine WatersD-CA-43Sponsor

Republicans · 1

Roll calls

Recorded votes on the measure. Most measures move by voice vote or unanimous consent, which record no individual positions.

  1. On Motion to Suspend the Rules and Pass
    Oct 25, 2021· House· Passage· Passed 391–29

History

Every action as published, oldest first. Roll calls link to how each member voted.

  1. Jun 23, 2021Introduced in House
  2. Jun 23, 2021Introduced in House
  3. Jun 23, 2021 · HouseReferred to the House Committee on Financial Services.
  4. Oct 25, 2021 · HouseMs. Waters moved to suspend the rules and pass the bill.
  5. Oct 25, 2021 · HouseConsidered under suspension of the rules. (consideration: CR H5838-5840)
  6. Oct 25, 2021 · HouseDEBATE - The House proceeded with forty minutes of debate on H.R. 4111.
  7. Oct 25, 2021 · HouseAt the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  8. Oct 25, 2021 · HouseConsidered as unfinished business. (consideration: CR H5854)
  9. Oct 25, 2021Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 391 - 29 (Roll no. 332).(text: CR H5838-5839)House · Roll call 332
  10. Oct 25, 2021 · HouseOn motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 391 - 29 (Roll no. 332). (text: CR H5838-5839)House · Roll call 332
  11. Oct 25, 2021 · HouseMotion to reconsider laid on the table Agreed to without objection.
  12. Oct 26, 2021 · SenateReceived in the Senate and Read twice and referred to the Committee on Foreign Relations.

Committees

Committees and subcommittees the measure was referred to.

Agencies in its committees' jurisdiction

Analisa's mapping of committee jurisdiction to federal agencies; the bill may touch others, or none of these.

Sources and method

Every figure on this page traces to these records.

  • Bill status: bills and resolutions, sponsors, actions, subjects and CRS summaries (U.S. Government Publishing Office (GovInfo), from Congress.gov (Library of Congress))GovInfo Bill Status bulk data (Congress.gov; summaries by the Congressional Research Service) · data current to Oct 8, 2026 · loaded Oct 8, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Members of Congress, their terms, committees and identifiers (The @unitedstates project (from the Biographical Directory of the U.S. Congress, the House and the Senate))unitedstates/congress-legislators: legislators, committees and current committee membership · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: CC0 1.0 (public domain dedication)
  • House roll-call votes (Office of the Clerk, U.S. House of Representatives)Office of the Clerk, U.S. House of Representatives, roll-call vote records · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Senate roll-call votes and DW-NOMINATE scores (Voteview (UCLA Department of Political Science))Lewis, Jeffrey B., Keith Poole, Howard Rosenthal, Adam Boche, Aaron Rudkin, and Luke Sonnet (2026). Voteview: Congressional Roll-Call Votes Database. https://voteview.com/ · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Free to use with the required citation
  • Lobbying disclosures (LD-1 registrations, LD-2 quarterly reports, LD-203 contribution reports) (Clerk of the U.S. House of Representatives)Clerk of the House, Lobbying Disclosure Act filings (organizations only; lobbyists' names are not loaded) · data current to Oct 7, 2026 · loaded Oct 7, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Positions are shown only where a roll call recorded them; voice votes and unanimous consent record none.