Export - Import Bank Amendments

[AI summary unavailable — showing source text] Export-Import Bank Amendments - Adds to the powers of the Export-Import Bank the power to guarantee, insure, coinsure, and reinsure against political and credit risks of loss. Revises the Export-Import Bank Act to provide that the Bank may offer guarantees, insurance, and extensions of credit. Directs the Bank, in cooperation with comparable institutions of foreign governments, to minimize competition in Government-sponsored export financing. Directs the Bank to advise small businesses of opportunities offered by the Bank. Requires that if the Bank, under the authority of the President, extends credit or guarantees to a Communist country, the President shall separately determine for each transaction over $40,000,000 whether it serves the national interest. Grants the Congress an opportunity to disapprove Bank transactions exceeding $50,000,000. Sets forth the procedure to be followed in Congress for any such disapproval. Disallows guarantees, insurance, or extension of credit by the Bank in connection with the purchase or lease of products by a Communist country with respect to which a disapproving resolution has been passed by the Congress. Prohibits guarantees, insurance, or exte…