Export-Import Bank Act Amendments of 1986

Summary

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 transferability and assignability of its guarantees; and (3) report to the Congress on its actions under this paragraph. Authorizes any Bank director whose term has expired to serve until a successor has been qualified. Limits the aggregate present value of the Bank's commitments to make interest subsidy payments and the subsidy component of loans extended by the Bank in any fiscal year after FY 1986. Authorizes appropriations for such purposes for FY 1987. Extends the authority of such Act through FY 1988. Requires the Secretary of the Treasury (the Secretary), within 60 days of receiving information that a foreign country is offering official export credit to finance exports to the United States, to determine whether the terms of such offer are inconsistent with any agreement governing official export financing to which the United States is a party. Requires the Secretary, if such offer is inconsistent with an agreement, to: (1) determine if the inconsistency is likely to be a significant factor in the sale of such import; and (2) request the country which is offering such credit to withdraw or amend the offer. Authorizes the Secretary to authorize the Bank to provide equivalent financing to a competing U.S. seller and requires the Secretary to request the initiation of a countervailing duty investigation under the Tariff Act of 1930 if the Secretary determines that such inconsistency is likely to be a significant factor in the sale of such import. Authorizes the Bank, upon receipt of an authorization from the Secretary, to provide a competing U.S. seller with equivalent financing. Requires the Bank to report to the Congress by April 15, 1987, on an analysis of the Bank's medium-term financing program. Sets forth information to be included in such analysis.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 25 March 1986

   Referred

   Referred to Subcommittee on International Finance, Trade and Monetary Policy.

   Source: Committee

2. 25 March 1986

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

3. 25 March 1986

   Introduced

   Introduced in House

   Source: IntroReferral

4. 25 March 1986

   Introduced

   Introduced in House

   Source: IntroReferral

5. 16 April 1986

   Committee

   Forwarded by Subcommittee to Full Committee (Amended).

   Source: Committee

6. 16 April 1986

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

7. 22 April 1986

   Reported

   Ordered to be Reported (Amended).

   Source: Committee

8. 22 April 1986

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

9. 6 May 1986

   Calendars

   Placed on Union Calendar No: 337.

   Source: Calendars

10. 6 May 1986

    Reported

    Reported to House (Amended) by House Committee on Banking, Finance and Urban Affairs. Report No: 99-578.

    Source: Committee

11. 6 May 1986

    Reported

    Reported to House (Amended) by House Committee on Banking, Finance and Urban Affairs. Report No: 99-578.

    Source: Committee

12. 11 June 1986

    Reported

    Rules Committee Resolution H.Res.472 Reported to House.

    Source: Floor

13. 11 June 1986

    Floor

    Rule Granted Providing an Open Rule with 1 Hour of Debate. Waiver of Points of Order.

    Source: Floor

14. 15 July 1986

    Passed

    Passed House (Amended) by Voice Vote.

    Source: Floor

15. 15 July 1986

    Passed

    Passed/agreed to in House: Passed House (Amended) by Voice Vote.

    Source: Floor

16. 15 July 1986

    Passed

    House Agreed to Amendments Adopted by the Committee of the Whole.

    Source: Floor

17. 15 July 1986

    Floor

    Committee Amendment in the Nature of a Substitute Considered as an Original Bill for the Purpose of Amendment.

    Source: Floor

18. 15 July 1986

    Passed

    Rule Passed House.

    Source: Floor

19. 17 July 1986

    Calendars

    Received in the Senate. Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 725.

    Source: Calendars

20. 22 July 1986

    Passed

    Passed/agreed to in Senate: Passed Senate in lieu of S. 2247 with an amendment by Voice Vote.

    Source: Floor

21. 22 July 1986

    Floor

    Measure laid before Senate by unanimous consent.

    Source: Floor

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

4 official files

• Passed Senate amended

  summary · EN · 22 July 1986

  Open at official source

• Passed House amended

  summary · EN · 15 July 1986

  Open at official source

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• Reported to House with amendment(s)

  summary · EN · 6 May 1986

  Open at official source

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• Introduced in House

  summary · EN · 25 March 1986

  Open at official source

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Neal, Stephen L. [D-NC-5] · D · Sponsor
• · hsba00 · Standing

Related records

• related to → A resolution providing for the consideration of the bill (H.R. 4510) to amend the Export-Import Bank Act of 1945, and for other purposes.
• related to ← A bill to amend and extend the Export-Import Bank Act of 1945, and to eliminate foreign predatory export practices.
• amends ← An amendment to prohibit the President from waiving the restrictions on Export-Import Bank loans, guarantees, or insurance to Marxist-Leninist countries.
• amends ← An amendment to prohibit Export-Import Bank loans for projects that would result in the production of any commodity, mineral, material or product that is currently being made in "substantial quantities" in the United States and might be exported to the United States and compete with U.S. industries, and which could lead to increased domestic unemployment.
• amends ← An amendment to include an additional exception to the provisions of the Rahall amendment concerning extensions of credit or financial guarantees to certain foreign entities.
• amends ← An amendment to prohibit any Export-Import Bank loans for exports to Angola, except for food or agricultural commodities, until the President certifies that all Foreign troops have left Angola.