legislation: 93-hr-14302

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
93-hr-14302 93 hr 14302 A bill to amend the Export-Import Bank Act of 1945 to strengthen the oversight role of Congress with respect to extension of credit by the Bank. Foreign Trade and International Finance 1974-04-23 1974-04-23 Referred to House Committee on Banking and Currency. House Rep. Rousselot, John H. [R-CA-24] CA R R000469 1 Revises the Export-Import Bank Act of 1945 by transferring oversight responsibilities with respect to Bank financial dealings with Communist countries, from the President to Congress. (Amends 12 U.S.C. 635(b)) Prohibits the Bank from guaranteeing, insuring, or extending credit with respect to any nonmarket enconomy country which: (1) denies its citizens the right or opportunity to emigrate; (2) imposes more than a nominal tax on documents required for emigration; or (3) imposes more than a nominal tax, levy, fine, or fee on any citizen as a consequence of the desire of such citizen to emigrate to the country of his choice. Repeals those provisions of the Export-Import Bank Act of 1945 which exempt person requiring obligations issued in connection with any operation or transaction engaged in by the Bank from the prohibitions against any individual purchasing or selling the bonds, securities or other obligations of any foreign government currently in default in the payment of its obligations to the United States. (Repeals 12 U.S.C. 635h) 2024-08-01T18:37:03Z  

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