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United States Export Finance Agency Act of 2019

Introduced: June 21, 2019 Introduced by: Waters, Maxine Democratic · California See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 14, 2019
Motion to Discharge Committee filed by Mr. Davis, Rodney. Petition No: 116-4. (<a href="https://clerk.house.gov/DischargePetition/20191114?CongressNum=116">Discharge petition</a> text with signatures.)
Jun 21, 2019
Referred to the House Committee on Financial Services.
Jun 21, 2019
Introduced in House
 Plain-English summary Congressional Research Service

United States Export Finance Agency Act of 2019

This bill reauthorizes the U.S. Export-Import Bank through FY2026 and otherwise modifies its operations.

Specifically, the bill redesignates the U.S. Export-Import Bank as the United States Export Finance Agency and increases the agency's lending cap over the period of its reauthorization. The bill also requires that at least an additional 5% of its total annual transactions are in support of small businesses.

Additionally, the bill requires the agency to neutralize Chinese export subsidies by establishing a program to provide competitive financing. The bill also restricts access to agency financing for entities that are owned or controlled by China. Further, the bill establishes (1) the Office of Minority and Women Inclusion; (2) the Office of Territorial Exporting; and (3) the Office of Financing for Renewable Energy, Energy Efficiency and Energy Storage Exports.

In the event that there is no board quorum for more than 90 days, the bill provides for the establishment of a temporary board. It also requires the agency to take certain measures to increase transparency and accountability.

What's happening now November 14, 2019

Motion to Discharge Committee filed by Mr. Davis, Rodney. Petition No: 116-4. (<a href="https://clerk.house.gov/DischargePetition/20191114?CongressNum=116">Discharge petition</a> text with signatures.)

 Committees of jurisdiction 1