A bill to amend the Export-Import Bank Act of 1945, as amended, to extend for 4 years the period within which the Bank is authorized to exercise its functions, to increase the Bank's loan, guarantee and insurance authority, to clarify its authority to maintain fractional reserves for insurance and guarantees, and to amend the National Bank act to exclude from the limitations on outstanding indebtedness of national banks liabilities incurred in borrowing from the Bank, and for other purposes.

Summary

Empowers the Export - Import Bank to arrange for publication of documents, reports, contracts and other materials necessary to the conduct of its business without regard to any other statutory provisons requiring that such printing be accomplished through the U.S. Government Printing Office. Authorizes the Bank to maintain fractional reserves for guarantees and insurance and increases the limitation on the aggregate amount of such guarantees and insurance which can be charged on a fractional reserve basis against the total commitment authority from the present ceiling of $10 billion to $20 billion. Increases the aggregate amount of loans, guarantees and insurance which the Bank can have outstanding at any one time from the present limitation of $20 billion to $30 billion. Extends the life of the Bank from June 30, 1974 to June 30, 1978. Permits national banks to exclude borrowings from the Export-Import Bank from the limitation on their aggregate indebtedness permitted under the National Bank Act.

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

Timeline

1. 29 May 1973

   Introduced

   Referred to Senate Committee on Banking, Housing and Urban Affairs.

   Source: IntroReferral

2. 29 May 1973

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 29 May 1973

  Open at official source

Sponsors

• Sen. Sparkman, John J. [D-AL] · D · Sponsor
• Sen. Tower, John G. [R-TX] · R · Cosponsor
• Sen. Stevenson, Adlai E., III [D-IL] · D · Cosponsor
• Sen. Packwood, Bob [R-OR] · R · Cosponsor
• · ssbk00 · Standing

Related records

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