The House Banking Committee voted 19-15 Thursday to require banks and private investors to write off bad debts or provide new credit to Asian countries before the United States provides more money to the International Monetary Fund.

The measure, introduced by Reps. Bernie Sanders, I-Vt., and Spencer Bachus, R-Ala., would require the Treasury Department to certify that the IMF has changed its bylaws to require that private lenders make "a significant contribution" to debt relief efforts before taxpayer funds are used.

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