HR 3173 · 97th Congress · Foreign Trade and International Finance
National Export Policy Act of 1981
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: See H.R.4242.(1981-08-04)
Plain Language Summary
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National Export Policy Act of 1981 - Title I: General Findings and Purposes - Sets forth Congressional findings and the purposes of this Act. Title II: Export Financing - Declares it to be the policy of the Congress that the Export-Import Bank of the United States should facilitate, particularly in the presence of foreign officially-supported export credit competition, exports to countries: (1) having insufficient access to international credit facilities; (2) demonstrating reasonable economic progress; and (3) offering adequate formal assurances of repayment (currently, must offer sufficient likelihood of repayment). Increases the aggregate amount of loans and contractual liability of guarantees and insurance which may be outstanding at any one time. Requires such activities to be carried out through the Export Expansion Facility. Provides for the capitalization of such Facility. Amends the Export- Import Bank Act of 1945 to establish staggered, ten-year terms of office for the Bank directors. Declares that the House and Senate Appropriations Committees should consider limitations on Bank activities when considering appropriations for international trade activities rather than whe…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
15 Democrats5 Republicans