legislation: 97-s-2732

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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
97-s-2732 97 s 2732 Fair Trade Finance Act of 1982 Foreign Trade and International Finance 1982-07-14 1982-08-09 Committee on Banking requested executive comment from Treasury Department; Export-Import Bank of the United States. Senate Sen. Riegle, Donald W., Jr. [D-MI] MI D R000249 1 Fair Trade Finance Act of 1982 - Amends the Export-Import Bank Act Amendments of 1978 to specify the time limits on an inquiry by the Secretary of the Treasury concerning foreign official export credits. Directs the Secretary to begin an inquiry within five days of receiving information that foreign sales to the United States are being seriously offered which involve foreign official export credits that violate international agreements. Requires the inquiry to be completed within 30 days. Directs the Secretary, upon finding such information accurate, to request the withdrawal of such foreign official financing. Authorizes the Secretary to have the Export - Import Bank provide competitive U.S. sellers with matching financing if: (1) such foreign official financing is not withdrawn within ten days of the request; and (2) the Secretary determines that the availability of such foreign official financing is likely to be one of the relevant factors in the sale or sales. (Current law authorizes the Secretary to offer such financing if the financing is likely to be a determining factor in the sale.) 2025-08-29T19:51:40Z  

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