HR 2561 · 98th Congress · Foreign Trade and International Finance
Export-Import Bank Amendments of 1983
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to Subcommittee on International Trade, Investment and Monetary Policy.(1983-05-02)
Plain Language Summary
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Export-Import Bank Amendments of 1983 - Title I: Amendments to the Export-Import Bank Act of 1945 - Amends the Export-Import Bank Act of 1945 in order to direct the Bank to provide guarantees, insurance, and extensions of credit at fully competitive rates and terms as those available to foreign competitors of U.S. exporters. Declares that loans made by the Bank shall bear interest at rates determined by the Board of Directors in order to bear interest at rates and on terms and conditions which are fully competitive with exports of other countries. States that the Advisory Committee shall consist of 12 members (currently nine). Requires the Advisory Committee to meet at least once each quarter (currently once or more each year). Requires the Committee to submit a report to Congress concerning the extent to which the Bank is providing competitive financing to expand U.S. exports and suggestions for improvements. Authorizes members of the Committee to attend meetings of the Board of Directors on a rotating basis. Sets forth the terms of office for members of the Board of Directors. Sets forth the limits on the gross obligations for principal amount of direct loans authorized by the Ba…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
2 Democrats1 Republican