HR 2945 · 98th Congress · Foreign Trade and International Finance

A bill to prohibit the Export-Import Bank of the United States from financing the establishment or enhancement of the capacity of a foreign country to produce certain commodities in competition with, or similar to, United States-produced commodities.

Introduced 1983-05-09· Sponsored by Rep. McNulty, James F., Jr. [D-AZ-5]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on International Trade, Investment and Monetary Policy.(1983-05-16)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Export-Import Bank Act of 1945 to prohibit the Bank from extending credit to establish or enhance the capacity of any country other than the United States to produce a commodity for export if: (1) such commodity is or is likely to be surplus on the world market; and (2) the resulting productive capacity will substantially injure U.S. producers of the same, similar, or competing commodity.…

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

Cosponsors (13)

10 Democrats3 Republicans