Export-Import Bank Reauthorization Act of 2006
Latest action. Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Export-Import Bank Reauthorization Act of 2006 - (Sec. 3) Amends the Export-Import Bank Act of 1945 to reauthorize the Export-Import Bank of the United States through FY2011.
(Sec. 4) Requires the President of the Bank to establish and maintain a Small Business Division to: (1) carry out functions related to outreach, feedback, product improvement, and transaction advocacy for small business concerns; (2) advise and seek feedback from small business concerns in financing products offered by the Bank, with particular emphasis on conducting outreach, better tailoring products to small business needs, and increased loans to small business concerns employing fewer than 100 employees; and (3) maintain liaison with the Small Business Administration (SBA) and other departments and agencies in matters affecting small business concerns.
Requires the Bank to establish a Small Business Committee to: (1) focus on small business concerns and coordinate the Bank's efforts with respect to them; and (2) evaluate jointly with the managers of relevant operating divisions the performance of Bank personnel related to transactions in support of exports by small business concerns and any resulting recommendations for personnel actions.
Requires the Bank to work with small or medium size banks, export trading companies, and other specified kinds of entities to: (1) streamline the processing of Bank financing applications from small business concerns; and (2) provide training and advice as required on the needs and benefits of export financing for them.
Requires the Bank to report annually to: (1) Congress on fees charged to, and transaction costs incurred by, small and medium businesses for Bank services; and (2) specified congressional committees on financing directed towards small businesses.
Requires the Bank to seek to expand certain line-of-credit and guarantee authority with respect to medium term transactions for small business concerns.
(Sec. 5) Amends the Export-Import Bank Act of 1945 to require the President of the Bank to establish within the Division an office for financing of exports by socially and economically disadvantaged small business concerns and small business concerns owned by women.
The summary continues for 29 more paragraphs. Read it in full on Congress.gov
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Passed House amended" stage on July 25, 2006. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on July 26, 2006: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the House
- Passage by the Senate
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
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 109th Congress (2005-06), 482 of the 10,701 bills and joint resolutions introduced became law, about 4.5 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, 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?
DEBORAH PRYCE (R-OH) introduced it on March 30, 2006, and 6 members have since signed on as cosponsors.
They come from both major parties: 3 Democrats, 3 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 March 30, 2006, 7469 days ago. The most recent recorded action was 7351 days ago, on July 26, 2006.
Measures do not carry over. Anything the 109th Congress has not finished by January 3, 2007 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
- HouseIn committee, no floor vote yet
- SenateAwaits House passage
- PresidentAwaits both chambers