Export-Import Bank Amendments of 1983

Summary

Export-Import Bank Amendments of 1983 - Title I: Amendments to the Export-Import Bank Act of 1945 - Amends the Export-Import Bank Act of 1945 in order to direct the Bank to provide guarantees, insurance, and extensions of credit at fully competitive rates and terms as those available to foreign competitors of U.S. exporters. Declares that loans made by the Bank shall bear interest at rates determined by the Board of Directors in order to support U.S. exports at rates and on terms and conditions which are fully competitive with exports of other countries. States that the Advisory Committee, established under such Act, shall; (1) consist of 12 members (currently nine); and (2) meet at least once each quarter (currently once or more each year). Requires the Committee to submit a report to Congress concerning the extent to which the Bank is providing competitive financing to expand U.S. exports and suggestions for improvements. Authorizes members of the Committee to attend meetings of the Board of Directors on a rotating basis. Sets forth the terms of office for members of the Board of Directors. Sets forth the limits on the gross obligations for the principal amount of direct loans authorized by the Bank for FY 1984 and 1985. Extends the authorization for the Bank until September 30, 1989. Requires the Secretary of the Treasury to complete an inquiry into the existence of foreign noncompetitive financing within 60 days following the receipt of information concerning such financing. Authorizes the Secretary to issue an authorization to the Bank to provide matching financing to U.S. exporters upon a determination that the availability of such foreign noncompetitive financing is likely to be a significant factor in a proposed transaction. Requires the Bank to provide such matching financing upon receipt of the Secretary's authorization. Prohibits the Board of Directors from giving final approval for any loan, financial guarantee or combination of both which exceeds $250,000,000, unless the Bank has submitted a certain statement to Congress describing and explaining the transaction. Title II: Mixed Credit Export Subsidies - Trade and Development Enhancement Act of 1983 - Requires the President to pursue negotiations to limit and set rules for the use of mixed financing for exports. Lists the negotiating objectives of the United States in reaching agreements on the use of such financing. Requires the Chairman of the Bank to establish a program of mixed financing for U.S. exports within the Bank. Requires such program to be carried out in cooperation with the Agency for International Development and with appropriate private financial entities. Lists the types of financing the program may include. Declares that the purpose of the program shall be to offer financing for U.S. exports which is as concessional as financing offered by a foreign government to a bona fide foreign competitor of a U.S. export sale. States that U.S. exports which could reasonably be judged to have been offered at the lowest evaluated bid shall be eligible for concessional mixed financing. Authorizes the Chairman to establish a fund to carry out this program. Requires the Administrator of the Agency for International Development (AID) to establish a program of mixed financing for U.S. exports. Directs that the program be carried out in cooperation with the Bank and with private financial entities. Lists the financing authorized for such program. Authorizes the combination of AID funds with Bank or private financing to provide financing for U.S. exports which is substantially as concessional as that offered by a foreign government to a bona fide competitor for a U.S. export sale. Requires that AID funds be offered only to finance U.S. exports which will contribute to the advancement of the developing objectives of the importing country. Authorizes the Administrator to draw on Economic Support Funds and to establish a fund to carry out the mixed financing program. Requires the President to appoint an individual to coordinate and ensure the implementation of both mixed financing programs. Authorizes appropriations.

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

Timeline

1. 21 March 1983

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

2. 21 March 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 22 March 1983

   Committee

   Subcommittee on International Finance (Banking). Hearings held.

   Source: Committee

4. 24 March 1983

   Committee

   Subcommittee on International Finance (Banking). Hearings concluded. Hearings printed: S.Hrg. 98-74.

   Source: Committee

5. 25 March 1983

   Committee

   Committee on Banking requested executive comment from Export-Import Bank of the United States.

   Source: Committee

6. 5 April 1983

   Committee

   Committee on Banking received executive comment from Export-Import Bank of the United States.

   Source: Committee

7. 28 April 1983

   Reported

   Committee on Banking. Ordered to be reported with an amendment in the nature of a substitute favorably.

   Source: Committee

8. 16 May 1983

   Calendars

   Placed on Senate Legislative Calendar under Regular Orders. Calendar No. 173.

   Source: Calendars

9. 16 May 1983

   Reported

   Committee on Banking. Reported to Senate by Senator Heinz with an amendment in the nature of a substitute. With written report No. 98-111.

   Source: Committee

10. 16 May 1983

    Reported

    Committee on Banking. Reported to Senate by Senator Heinz with an amendment in the nature of a substitute. With written report No. 98-111.

    Source: Committee

11. 7 June 1983

    Floor

    Star Print ordered Report 98-111.

    Source: Floor

12. 10 June 1983

    Introduced

    Referred to the Committee on Foreign Relations for a period not to exceed 30 days for consideration of section 205.

    Source: IntroReferral

13. 30 June 1983

    Committee

    Committee on Foreign Relations. Hearings held.

    Source: Committee

14. 11 July 1983

    Floor

    Ordered that the Committee on Foreign Relations have until July 18, 1983 for the consideration of section 205.

    Source: Floor

15. 12 July 1983

    Reported

    Committee on Foreign Relations. Ordered to be reported with amendments favorably.

    Source: Committee

16. 18 July 1983

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 303.

    Source: Calendars

17. 18 July 1983

    Reported

    Committee on Foreign Relations. Reported to Senate by Senator Percy with amendments. With written report No. 98-183.

    Source: Committee

18. 18 July 1983

    Reported

    Committee on Foreign Relations. Reported to Senate by Senator Percy with amendments. With written report No. 98-183.

    Source: Committee

19. 23 September 1983

    Floor

    Measure laid before Senate by unanimous consent.

    Source: Floor

20. 23 September 1983

    Passed

    Passed/agreed to in Senate: Passed Senate with amendments by Voice Vote.

    Source: Floor

21. 30 November 1983

    Committee

    Similar Provisions Contained in H.R.3959.

    Source: Committee

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 · 23 September 1983

  Open at official source

• Reported to Senate amended, 2nd committee reporting

  summary · EN · 18 July 1983

  Open at official source

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• Reported to Senate amended, 1st committee reporting

  summary · EN · 16 May 1983

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  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.

• Introduced in Senate

  summary · EN · 21 March 1983

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  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

• Sen. Heinz, John [R-PA] · R · Sponsor
• Sen. Garn, E. J. (Jake) [R-UT] · R · Sponsor
• Sen. Jackson, Henry M. [D-WA] · D · Sponsor
• Sen. Kassebaum, Nancy Landon [R-KS] · R · Sponsor
• Sen. Gorton, Slade [R-WA] · R · Cosponsor
• Sen. Cochran, Thad [R-MS] · R · Cosponsor
• Sen. Mattingly, Mack [R-GA] · R · Cosponsor
• Sen. Inouye, Daniel K. [D-HI] · D · Cosponsor
• Sen. Grassley, Chuck [R-IA] · R · Cosponsor
• Sen. Abdnor, James [R-SD] · R · Cosponsor
• Sen. Dixon, Alan J. [D-IL] · D · Cosponsor
• Sen. Pressler, Larry [R-SD] · R · Cosponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Cosponsor
• Sen. Domenici, Pete V. [R-NM] · R · Cosponsor
• Sen. Tower, John G. [R-TX] · R · Cosponsor
• Sen. Percy, Charles H. [R-IL] · R · Cosponsor
• · ssfr00 · Standing
• · ssbk00 · Standing

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