A bill to prohibit the Export-Import Bank of the United States from financing the establishment or enhancement of the capacity of a foreign country to produce certain commodities in competition with, or similar to United States-produced commodities.

Summary

Amends the Export-Import Bank Act of 1945 to prohibit the Bank from extending credit to establish or enhance the capacity of any country other than the United States to produce a commodity for export if: (1) such commodity is or is likely to be surplus on the world market; and (2) the resulting productive capacity will substantially injure U.S. producers of the same, similar, or competing commodity.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 18 March 1983

  Open at official source

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