HR 3667 · 99th Congress · Foreign Trade and International Finance
Competitive Tied Aid Fund Act
Bill Progress
1
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: For Further Action See H.R.4708.(1986-04-29)
Plain Language Summary
[AI summary unavailable — showing source text]
Competitive Tied Aid Fund Bill - Amends the Export-Import Bank Act of 1945 to require the Export-Import Bank to establish a Competitive Tied Aid Fund. Requires such Fund to be used: (1) primarily, to supplement the financing of U.S. exports to foreign markets which are actual or potential export markets for countries that engage in predacious export financing through the use of tied or partially untied aid credits or that impeded negotiations to eliminate the use of such credits; and (2) secondarily, to supplement the financing of U.S. exports in competition with any foreign exports financed by tied or partially untied aid credit when such use of the Fund will not significantly impair its use for its primary purpose. Authorizes appropriations for the Fund. Requires the Board of Directors of the Export-Import Bank to report to the Congress on each loan or guarantee which is combined with a grant from the Fund.…
Summarized by Claude AI · Non-partisan · For informational purposes only