S 1547 · 112th Congress · Foreign Trade and International Finance
Export-Import Bank Reauthorization Act of 2011
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-585.(2012-04-17)
Plain Language Summary
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Export-Import Bank Reauthorization Act of 2011 - Amends the Export-Import Bank Act of 1945 to extend the termination of functions date for the Export-Import Bank of the United States to September 30, 2015. Eliminates the provision directing the Bank to urge the Foreign Credit Insurance Association to provide 100% coverage against any export loss valued at less than $100,000. Revises the list of Marxist-Leninist countries ineligible for Bank assistance. Extends through September 30, 2015: (1) the termination date of the Sub-Saharan Africa advisory committee, and (2) Bank authority to provide financing for the export of nonlethal defense articles and defense services whose primary end use is for civilian purposes. Extends and specifies aggregate outstanding loan, guarantee, and insurance authority through FY2015. Provides for textile industry representation on the Bank Advisory Committee. Requires the Bank to: (1) review its domestic content policy for medium- and long-term transactions; (2) include in its annual report to Congress, at least every every four years beginning in 2012, a five-year strategic plan; and (3) review and report to Congress regarding the Bank's information tec…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeS. 1547, Export-Import Bank Reauthorization Act of 2011
Sep 26, 2011Cost estimate for the bill as reported by the Senate Committee on Banking, Housing, and Urban Affairs on September 8, 2011
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office