HR 5548 · 99th Congress · Foreign Trade and International Finance

Export-Import Bank Act Amendments of 1986

Introduced 1986-09-18· Sponsored by Rep. Neal, Stephen L. [D-NC-5]· House

Bill Progress

1
Introduced
Committee
3
House Vote
4
Senate
Enacted
Latest: Became Public Law No: 99-472.(1986-10-15)

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 collect fees to cover the marginal costs of the Bank's conferences and publications. 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 establish the following measures to enhance the Bank's medium-term financing program to: (1) improve the competitiveness of the Bank's medium-term financing; (2) ease the administrative, procedural, and documentary requirements imposed on users of medium-term financing; (3) attract the widest possible participation of private capital in the medium-term financing of U.S. exports; and (4) render the Bank's medium-term financing as supportive of U.S. exports as is its direct loan program. Requires the Bank to report to the Congress by April 15, 1988, on such measures. Declares that the Bank's terms and conditions need not be identical in all respects to those offered by foreign countries. Requires the Bank to provide medium-term risk protection coverage through multiple …

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

Cosponsors (7)

4 Democrats3 Republicans