HR 2608 · 98th Congress · Foreign Trade and International Finance

Export-Import Bank Small Business Amendments of 1983

Introduced 1983-04-19· Sponsored by Rep. Ireland, Andrew P. [R-FL-10]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on International Trade, Investment and Monetary Policy.(1983-05-02)

Plain Language Summary

[AI summary unavailable — showing source text] Export-Import Bank Small Business Amendments of 1983 - Amends the Export-Import Bank Act of 1945 to declare that it is U.S. policy that loans made by the Export-Import Bank in all its programs, including those for small business, shall bear interest at rates consistent with the Bank's mandate to support U.S. exports on terms which are fully competitive with exports of other countries. Requires the Bank to consider the average cost of money as one factor in determining interest rates. Increases the number of members on the Bank's Advisory Committee from nine to 12. Requires that at least three of the members must be small business exporters. Requires that at least 20 percent of the Bank's loans, guarantees, and insurance shall be to small business exporters. Provides that such small business exporters need not demonstrate denial from other Federal export financing institutions. Declares that it is congressional policy that the Bank facilitate the development of small business exports. Directs the Bank's Board of Directors to exercise all powers necessary to use the export expansion facility. Declares that the Bank should give high priority to aiding small businesses. Directs the Ban…

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