Export-Import Bank Amendments of 1974
Latest action. public lawWhat a bill becomes when enacted, numbered by Congress and order of enactment: Public Law 119-4 is the 4th law of the 119th Congress.Read the full definition (opens a new tab) 93-646.
(LATEST SUMMARY) Export-Import Bank Amendments - Adds to the powers of the Export-Import Bank the power to guarantee, insure, coinsure, and reinsure against political and credit risks of loss. Revises the Export-Import Bank to provide that the Bank may offer guarantees, insurance, and extensions of credit. Directs the Bank, in cooperation with comparable institutions of foreign governments, to minimize competition in Government-sponsored export financing. Directs the Bank to advise small businesses of opportunities offered by the Bank. Requires that if the Bank, under the authority of the President, extends credit or guarantees to a communist country, the President shall separately determine for each transaction over $50,000,000 whether it serves the national interest. Grants the Congress an opportunity to disapprove Bank transactions exceeding $60,000,000. Allows 25 percent of the Bank's outstanding amounts to be guarantees and insurance against political and credit risks of loss. Changes the total allowable outstanding amount at any one time from $20,000,000,000 to $25,000,000,000. Terminates the Bank's functions on June 30, 1978. Describes the contents of reports the Bank must file with the Congress. Prohibits the extension of any loan, guarantee, insurance or credit by the Export-Import Bank of the United States to the Union of Soviet Socialist Republics until such time as the Trade Reform Act becomes law. Removes the exclusion of receipts and expenditures of the Export-Import Bank from the unified budget totals effective September 30, 1976.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Public Law" stage on January 4, 1975. It describes the bill, it is not the legal text.
Public law 93-646.
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Where is it in the process, and what happens next?
The latest action on file does not map to a stage Civibrief recognizes, so the page will not name one. The record's own words are the reliable fact here.
The record's latest action, on January 4, 1975: Public law 93-646.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 93rd Congress (1973-74), 651 of the 23,396 bills and joint resolutions introduced became law, about 2.8 percent. That count covers every measure at every stage, including the many that never left committee.
This one has no outstanding steps listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
THOMAS ASHLEY (D-OH) introduced it on July 18, 1974, and 10 members have since signed on as cosponsors.
They come from both major parties: 6 Democrats, 4 Republicans.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on July 18, 1974, 19047 days ago. The most recent recorded action was 18877 days ago, on January 4, 1975.
Measures do not carry over. Anything the 93rd Congress has not finished by January 3, 1975 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- HousePublic law 93-646.
- SenateNot stated in the latest action
- PresidentNot stated in the latest action