HR 3608 · 100th Congress · Foreign Trade and International Finance
Export-Import Bank Amendments of 1987
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to Subcommittee on International Finance, Trade and Monetary Policy.(1987-11-16)
Plain Language Summary
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Export-Import Bank Amendments of 1987 - Amends the Export-Import Bank Act of 1945 to require the Export-Import Bank to: (1) estimate an allowance for loan losses; and (2) deduct the amount of such allowance from revenues and assets in accordance with generally accepted accounting principles. Requires the Bank to include in its annual report to the Congress on its operations the aggregate amount of allowances for loan losses and a description of the method used in determining the amount of such allowances. Specifies that in providing for loan loss allowances or reporting on such allowances, no reference shall be made and no information disclosed with respect to any particular loan or country.…
Summarized by Claude AI · Non-partisan · For informational purposes only