On April 16, the House passed the Jubilee Act for Responsible Lending and Expanded Debt Cancellation (HR 2634), sending the legislation to the Senate. The legislation calls on the US Treasury Department to negotiate at the International Monetary Fund (IMF) and World Bank for an agreement for debt cancellation for poor countries that need cancellation to meet the Millennium Development Goals (MDGs) but do not currently qualify for the current IMF/World Bank debt relief initiative.

Here's a link to the House bill.