Skip to main content
HR 3515 99th Congress House Foreign Trade and International Finance Advisory bodies Department of the Treasury Executive reorganization Export credit Export-Import Bank of the United States Exports Federal advisory bodies Finance and Financial Sector Foreign Trade and Investments Government Operations and Politics International banking Monetary policy Negotiations Nontariff trade barriers

Fair Export Financing Act of 1985

Introduced: October 7, 1985 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 31, 1985
For Further Action See H.R.3667.
Oct 23, 1985
Subcommittee Hearings Held.
Oct 16, 1985
Subcommittee Hearings Held.
Oct 7, 1985
Referred to Subcommittee on International Finance, Trade and Monetary Policy.
Oct 7, 1985
Referred to House Committee on Banking, Finance and Urban Affairs.
Oct 7, 1985
Introduced in House
 Plain-English summary Congressional Research Service

Fair Export Financing Act of 1985 - Amends the Trade and Development Enhancement Act of 1983 to declare that one of the purposes of such Act is to establish a temporary tied aid credit program to combat the predatory concessional credit programs of foreign governments.

Directs the President to negotiate limits on partially untied aid credit. Changes the U.S. negotiating objectives to include references to partially untied aid credits.

Directs the Secretary of the Treasury to establish within the Department of the Treasury a program of tied aid credits for U.S. exports. Requires the program to be carried out in cooperation with the Export-Import Bank or with private financial institutions or entities. (Currently the program is established within the Export-Import Bank and carried out in cooperation with the Agency for International Development (AID).) Sets forth financing methods that may be included in such program. Authorizes appropriations.

Repeals the provision that established a tied aid credit program in AID.

Requires the Secretary to seek the advice of the National Advisory Council on International Monetary and Financial Policies before approving financing under the tied aid credit program. Terminates the tied aid credit program on September 30, 1987.

Limits judicial review of actions by the Chairman of the Export-Import Bank and by the Secretary.

Changes the definition of "tied aid credit." Defines "partially untied aid credit." Deletes references to government-mixed credits and public-private cofinancing.

What's happening now October 31, 1985

For Further Action See H.R.3667.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1