HR 1344 · 98th Congress · Foreign Trade and International Finance

International Competitive Finance Act of 1983

Introduced 1983-02-08· Sponsored by Rep. Lundine, Stanley N. [D-NY-34]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on International Trade, Investment and Monetary Policy.(1983-03-01)

Plain Language Summary

[AI summary unavailable — showing source text] International Competitive Finance Act of 1983 - Amends the Export-Import Bank Act Amendments of 1978 to direct the Secretary of the Treasury to begin an inquiry immediately after receiving information that foreign sales to the United States are being seriously offered involving foreign official export credits that breach international agreements. Requires the inquiry to determine the accuracy of the information. Directs the Secretary to authorize the Export-Import Bank to provide competitive U.S. sellers with matching financing if: (1) the Secretary finds the information is accurate and requests the withdrawal of the foreign financing; and (2) the foreign financing is not withdrawn within ten days of the request.…

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