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H.R. 5299: European Bailout Protection Act

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H.R. 5299: European Bailout Protection Act

111th Congress · introduced 2010-05-13 · Foreign Trade and International Finance · Latest: Referred to the House Committee on Financial Services.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2010-05-13 · official record
  2. Who proposed it: Rep. Pence, Mike [R-IN-6] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Financial Services. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

European Bailout Protection Act

Plain summary

European Bailout Protection Act - Amends the Bretton Woods Agreements Act to: (1) prohibit U.S. loans to the International Monetary Fund (IMF) for assistance to any European Union (EU) member state until the ratio of the total outstanding public debt of each member state to its gross domestic product (as of the end of the most recent fiscal year of the member state ending in the preceding calendar year) is not more than 60%; and (2) direct the Secretary of the Treasury to oppose any IMF loans to member states until all member states are in compliance with such debt ratio.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

European Bailout Protection Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Pence, Mike [R-IN-6] · 45 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Marsha Blackburn (R-TN), John R. Carter (R-TX), Sam Graves (R-MO), Tom McClintock (R-CA), Michael K. Simpson (R-ID), Joe Wilson (R-SC), Robert J. Wittman (R-VA), Ken Calvert (R-CA), Vern Buchanan (R-FL), Robert E. Latta (R-OH), Jerry Moran (R-KS), Harold Rogers (R-KY), Virginia Foxx (R-NC), Shelley Moore Capito (R-WV)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Fiscal year
The 12-month period a government uses for its budget. The federal fiscal year runs from October 1 to September 30 and is named for the calendar year in which it ends. Most states use July 1 to June 30.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong111-hr5299 · catalog fed-us-congress-bills-cong111 · updated 2026-11-15 by psicol fed-bills-cong111