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HR 6562 97th Congress House Government Operations and Politics Agriculture and Rural Affairs Agriculture in foreign trade Credit Department of the Treasury Economics and Public Finance Export credit Export-Import Bank of the United States Exports Federal budgets Finance and Financial Sector Foreign Trade and Investments Government trust funds International banking Subsidies

Export-Import Bank Restructuring Act of 1982

Introduced: June 10, 1982 See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 15, 1982
Referred to Subcommittee on International Trade, Investment and Monetary Policy.
Jun 10, 1982
Referred to House Committee on Banking, Finance and Urban Affairs.
Jun 10, 1982
Introduced in House
 Plain-English summary Congressional Research Service

Export-Import Bank Restructuring Act of 1982 - Amends the Export-Import Bank Act of 1945 to provide that the terms of the directors of the Bank will be four-years, except that two of the directors will be appointed initially for two years and then for four-years. (Current law provides that the directors serve at the pleasure of the President.)

Excludes from the Federal budget the receipts and disbursements of the Bank in the discharge of its functions (other than salaries and expenses). Exempts such receipts and disbursements from the limitations on the Federal budget. Directs the President to report to Congress annually on the Bank's budget for program activities and administrative expenses and on the Bank's net lending.

Establishes the Competitive Agricultural Commodity and Manufactured Product Export Subsidy Fund. Requires amounts appropriated to the Fund to be used to make interest subsidy payments to private lenders and to enter into arrangements with the Commodity Credit Corporation (CCC) to enable private lenders or the CCC to reduce the interest rates on loans for financing U.S. exports.

Requires the Board of Directors of the Fund to report to Congress on agreements to make interest subsidy payments. Authorizes appropriations for the Fund.

Extends the authorization for the Bank until September 30, 1988.

What's happening now June 15, 1982

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

 Committees of jurisdiction 2