Export-Import Bank Amendments of 1974

[AI summary unavailable — showing source text] Provides for the expansion of the powers and functions of the Export-Import Bank of America. States that the Bank shall, in connection with the export financing of instrumentalities of other governments, seek to minimize competition in Government-supported export financing. Stipulates that no loan, guarantee, or insurance or combination thereof made to a Communist country or agent or national thereof in an amount which equals or exceeds $50,000,000 shall be finally approved by the Board of Directors of the Bank unless the Bank has submitted to the Congress with respect to such loan, guarantee, or insurance or combination thereof, a statement explaining the transaction at least thirty legislative days prior to the date of final approval. Provides that pending consideration and action by the Senate upon the bill H.R. 10710, as introduced in the first session of this Congress, cited as the "Trade Reform Act of 1973, and as amended and passed by the House, no loan, guarantee, insurance, or credit shall be extended by the Bank to the Union of Soviet Socialist Republics, and the Union of Soviet Socialist Republics shall not participate in any program of the Government of the United State…