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NY state bill

New York State bill can help end the global debt crisis

The New York state legislature has a unique opportunity to pass legislation that would help combat poverty in debt-burdened countries, stabilize the economy, and benefit taxpayers.

The New York Taxpayer and International Debt Crises Protection Act would require private creditors with sovereign debt contracted under New York law to participate in debt relief at the same level as governments.

This act would reduce unsustainable and unpayable debt and benefit millions of people around the world, including taxpayers in the US.

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Briefing paper Facebook Twitter Instagram YouTube Google+