EXIM Bank Continuity in Competitiveness Act

This legislation, titled the EXIM Bank Continuity in Competitiveness Act, aims to ensure the continuous operation of the Export-Import Bank by permanently reforming its Board of Directors' quorum requirements. It significantly reduces the grace period from 120 days to 60 days before a temporary board must be constituted if the Board lacks a quorum. The bill also revises the conditions under which a temporary board expires. Under the new provisions, a temporary board will now remain in effect until the President who constituted it is succeeded in office or a full quorum of the Board of Directors is restored, providing greater operational stability . These changes, which include a conforming amendment to remove previous temporary board expiration language, are set to take effect on December 31, 2026.