S.2709 - Export-import Bank Reauthorization Act Of 2014

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7/30/2014--Introduced. Export-Import Bank Reauthorization Act of 2014 - Amends the Export-Import Bank Act of 1945 to reauthorize the Export-Import Bank of the United States through FY2019. Extends, for FY2015-FY2019, the Bank's authority to use a specified amount of its surplus for information technology system updates. Extends, through FY2019, the termination date of the sub-Saharan Africa advisory committee. Prescribes limitations on outstanding Bank loans, guarantees, and insurance for FY2015-FY2018 and each fiscal year thereafter. Extends, through FY2019, Bank authority to provide financing for the export of nonlethal defense articles and defense services whose primary end use is for civilian purposes. Directs the Bank to submit to Congress and the Comptroller General (GAO) a business plan that includes an estimate of the Bank's appropriate exposure limits for FY2015-FY2019. Directs GAO to study the Bank's medium-term financing programs.

Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 502.
July 31st 2014 @ 12:00 AM

Introduced In The Senate. Read The First Time. Placed On Senate Legislative Calendar Under Read The First Time.
July 30th 2014 @ 12:00 AM

S. 2709 - the Export-Import Bank Re-authorization Act of 2014, sponsored by Sen. Joe Manchin (D-WV), would extend and re-authorize the Export-Import Bank of the United States for another five years.  

Erin Carson, Lead Analyst
Thursday August 21st 2014

The Export-Import Bank Re-authorization Act of 2014 would reauthorize the Export-Import Bank for another five years and incrementally increase the Ex-Im Bank's spending authority up to $160 billion over a four year period. The bill would also require regular reports to Congress, a mandatory loss ratio of less than two percent, and a report conducted by the Government Accountability Office on the risks certain aspects of the Ex-Im Bank pose to taxpayers.

Erin Carson, Lead Analyst
Thursday August 21st 2014
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