HR 14343 · 95th Congress · Foreign Trade and International Finance

Export Import Bank Act Amendments

Introduced 1978-10-13· 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.(1978-10-13)

Plain Language Summary

[AI summary unavailable — showing source text] Export-Import Bank Act Amendments - Amends the Export-Import Bank Act of 1945 to increase from $60,000,000 to $100,000,000 the threshold for Bank loans and financial guarantees requiring prenotification to the Congress. Increases from $20,000,000,000 to $25,000,000,000 the amount of the Bank's contractual liability for guarantees and insurance which may be charged at 25 percent of face value against the aggregate limitation on the Bank's commitments. Prohibits the Export-Import Bank from denying applications for credit for nonfinancial or noncommercial considerations, unless the President determines that such action: (1) would be in the national interest; and (2) would advance United States policy in certain areas. Increases the limitation on the aggregate of loans, guarantees, and insurance which the Bank may have outstanding at any one time from $25,000,000,000 to $40,000,000,000. Extends for five years, from September 30, 1978 to September 30, 1983, the Bank's authority to make new contractual commitments. Requires the Bank to name an officer whose duties would include advising the Bank on ways to promote exports related to non-nuclear renewable energy resources, disseminating i…

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

Cosponsors (1)

1 Republican