HR 4510 · 99th Congress · Foreign Trade and International Finance

Export-Import Bank Act Amendments of 1986

Introduced 1986-03-25· Sponsored by Rep. Neal, Stephen L. [D-NC-5]· House

Bill Progress

1
Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Passed Senate in lieu of S. 2247 with an amendment by Voice Vote.(1986-07-22)

Plain Language Summary

[AI summary unavailable — showing source text] Export-Import Bank Act Amendments of 1986 - Amends the Export-Import Bank Act of 1945 to authorize the Export-Import Bank (the Bank) to provide a sufficient return to lenders making loans in support of exports when below-market rate financing is necessary to respond to subsidized financing by foreign export credit agencies. Limits the percentage of the Bank loans that may be supported by interest subsidy payments in FY 1987 and 1988. Terminates the Bank's authority to make such payments on October 1, 1988. Authorizes the Bank to impose a fee to cover the Bank's expenses for providing any good or service in connection with and in furtherance of the Bank's objects and purposes. Requires the Bank to include in its annual report a list of the loan, guarantee, or insurance applications which the Bank rejected during the preceding year. Prohibits the Bank from imposing a credit application fee unless specified conditions relating to the competitiveness of the fee and the availability of repayment options are met. Requires the Bank to: (1) enhance its guarantee program to provide the broadest possible participation by private capital sources; (2) provide for the unrestricted transferabili…

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