Action Alert from Jubilee USA

New Bill Urges Bush Administration to Keep Its Promises to Impoverished Countries and Raises the Bar on Responsible Lending Practices

Thursday, June 7, Rep. Maxine Waters (D-CA) and Rep. Spencer Bachus (R-AL)  re-introduced the Jubilee Act. 

The Jubilee Act addresses the unfinished agenda on debt, and is introduced as the G8 meet in Germany, ignoring this unfinished agenda. With the re-introduction of this bill, we show the rest of the world that people in the US still care and will continue to work for an end to the debt crisis.

The Jubilee Act is the centerpiece of Jubilee’s 2007 Sabbath Year campaign.  The Jubilee Act:

• Calls on the Bush Administration, the IMF, and the World Bank to keep their promises on debt cancellation;
• Calls for expanded debt cancellation for impoverished countries that will use the freed resources well and require debt cancellation to meet the Millennium Development Goals;
• Calls for new standards for responsible lending and creditor transparency,  by calling for measures to address the problem of vulture funds as well as audits of odious and illegal debts from the past.

Send Congress a message now to support the Jubilee Act.