A bill to amend and extend the Export-Import Bank Act of 1945.

Summary

Amends the Export-Import Bank Act of 1945: (1) to increase the dollar limitation on the issuance of guarantees and insurance against political and credit risks of loss, and (2) to increase the dollar limitation on the aggregate outstanding loans, guarantees, and insurance of the Export-Import Bank. Extends the authority of the Bank through fiscal year 1983. Imposes certain Congressional oversight procedures on the lending, guarantee, and insurance levels of the Bank. Revises the Congressional oversight procedures relating to loans by the Bank in excess of a specified amount. Directs the Secretary of the Treasury and/or the United States Special Trade Representative to begin negotiations with major exporting countries to end predatory export financing programs and other export subsidies, including mixed credits, in third country markets as well as within the United States. Prohibits the Bank from extending credit, guarantee, or insurance to South Africa unless the President determines that significant progress has been made toward majority rule in that country. Exempts the People's Republic of China from the prohibitions against extensions of credit by the Bank to Communist countries.

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Documents

2 official files

• Passed House amended

  summary · EN · 27 July 1978

  Open at official source

• Introduced in House

  summary · EN · 17 April 1978

  Open at official source

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