HR 11974 · 95th Congress · Foreign Trade and International Finance

A bill to amend and extend the Export-Import Bank Act of 1945.

Introduced 1978-04-10· Sponsored by Rep. Neal, Stephen L. [D-NC-5]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1978-04-10)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Export-Import Bank Act of 1945: (1) to increase the dollar limitation on the issuance of guarantees and insurance against political and credit risks of loss, and (2) to increase the dollar limitation on the aggregate outstanding loans, guarantees, and insurance of the Export-Import Bank. Extends the authority of the Bank through fiscal year 1983. Revises the period during which the Bank must submit to Congress a statement regarding specified types of proposed loans or guarantees. Restricts the spending authority of the Bank to the amounts appropriated each fiscal year.…

Summarized by Claude AI · Non-partisan · For informational purposes only