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.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
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.)
Introduced in House
Referred to the House Committee on Financial Services.
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.)
Foreign Trade and International Finance
Accounting and auditingAdvanced technology and technological innovationsAlternative and renewable resourcesAmerican SamoaAsiaBanking and financial institutions regulationChinaCompetitiveness, trade promotion, trade deficitsComputers and information technologyComputer security and identity theftCongressional oversightEmployee hiringEnergy efficiency and conservationEnergy storage, supplies, demandExecutive agency funding and structureExport-Import Bank of the United StatesFederal officialsFinancial services and investmentsForeign aid and international reliefFraud offenses and financial crimesGovernment corporations and government-sponsored enterprisesGovernment employee pay, benefits, personnel managementGovernment ethics and transparency, public corruptionGovernment information and archivesGovernment lending and loan guaranteesGuamHealth technology, devices, suppliesHouse Committee on Financial ServicesHuman rightsInsurance industry and regulationIntergovernmental relationsManufacturingMilitary assistance, sales, and agreementsMinority and disadvantaged businessesMinority employmentNorthern Mariana IslandsNuclear powerPublic contracts and procurementPuerto RicoRacial and ethnic relationsReligionSenate Committee on Banking, Housing, and Urban AffairsSmall businessTelephone and wireless communicationTerrorismTravel and tourismU.S. and foreign investmentsU.S. territories and protectoratesVeterans' education, employment, rehabilitationVirgin IslandsWages and earningsWomen in businessWomen's employment
United States Export Finance Agency Act of 2019
USA116th CongressHR-3407| House
| Updated: 11/14/2019
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.
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
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.)
Introduced in House
Referred to the House Committee on Financial Services.
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.)
Accounting and auditingAdvanced technology and technological innovationsAlternative and renewable resourcesAmerican SamoaAsiaBanking and financial institutions regulationChinaCompetitiveness, trade promotion, trade deficitsComputers and information technologyComputer security and identity theftCongressional oversightEmployee hiringEnergy efficiency and conservationEnergy storage, supplies, demandExecutive agency funding and structureExport-Import Bank of the United StatesFederal officialsFinancial services and investmentsForeign aid and international reliefFraud offenses and financial crimesGovernment corporations and government-sponsored enterprisesGovernment employee pay, benefits, personnel managementGovernment ethics and transparency, public corruptionGovernment information and archivesGovernment lending and loan guaranteesGuamHealth technology, devices, suppliesHouse Committee on Financial ServicesHuman rightsInsurance industry and regulationIntergovernmental relationsManufacturingMilitary assistance, sales, and agreementsMinority and disadvantaged businessesMinority employmentNorthern Mariana IslandsNuclear powerPublic contracts and procurementPuerto RicoRacial and ethnic relationsReligionSenate Committee on Banking, Housing, and Urban AffairsSmall businessTelephone and wireless communicationTerrorismTravel and tourismU.S. and foreign investmentsU.S. territories and protectoratesVeterans' education, employment, rehabilitationVirgin IslandsWages and earningsWomen in businessWomen's employment