Bill Sponsor
House Bill 3407
116th Congress(2019-2020)
United States Export Finance Agency Act of 2019
Introduced
Introduced
Introduced in House on Jun 21, 2019
Overview
Text
Introduced
Jun 21, 2019
Latest Action
Nov 14, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3407
Congress
116
Policy Area
Foreign Trade and International Finance
Foreign Trade and International Finance
Primary focus of measure is competitiveness, trade barriers and adjustment assistance; foreign loans and international monetary system; international banking; trade agreements and negotiations; customs enforcement, tariffs, and trade restrictions; foreign investment. Measures concerning border enforcement may fall under Immigration policy area.
Sponsorship by Party
Democrat
California
Republican
North Carolina
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

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.

Text (1)
June 21, 2019
Actions (3)
11/14/2019
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.)
06/21/2019
Referred to the House Committee on Financial Services.
06/21/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 1:50:58 PM