Export - Import Bank Amendments
Latest action. Measure indefinitely postponed in Senate, H.R. 15977 passed in lieu.
(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 Act 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 $40,000,000 whether it serves the national interest. Grants the Congress an opportunity to disapprove Bank transactions exceeding $50,000,000. Sets forth the procedure to be followed in Congress for any such disapproval. Disallows guarantees, insurance, or extention of credit by the Bank in connection with the purchase or lease of products by a Communist country with respect to which a disapproving resolution has been passed by the Congress. Prohibits guarantees, insurance, or extension of credit by the Bank in connection with any credit sale of defense articles or services. 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 anyone 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. Declares it to be the sense of the Senate that the President should declare Turkey ineligible for any foreign aid in view of its recent military activities in Cyprus. Provides that the President may not determine a transaction to be in the national interest if it results in the United States becoming dependent upon any Communist country for essential materials in short supply. Prohibits the Bank from participating in transactions with any country unless the President certifies to the Congress that neither slavery nor involuntary servitude is practiced in that country. Prohibits the extention of credit to the Soviet Union until that country allows free emigration of Jews. Revises the Federal Reserve Act, the Federal Deposit Insurance Act, and the Federal Home Loan Bank Act by providing that no member bank or affiliate thereof may plead, raise, or claim, with respect to any deposit or obligation of such member bank or affiliate, any defense, right, or benefit under any provision of a statute or constitution of a State or of a territory of the United States, or of any law of the District of Columbia, regulating or limiting the rate of interest which may be charged, taken, received, or reserved and that no civil or criminal penalty which would otherwise be applicable under such provision shall apply to such member bank or affiliate or to any other person.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Indefinitely postponed in Senate" stage on September 19, 1974. It describes the bill, it is not the legal text.
Measure indefinitely postponed in Senate, H.R. 15977 passed in lieu.
Civibrief does not map this action to a stage in the process. See the official record.
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 September 19, 1974: Measure indefinitely postponed in Senate, H.R. 15977 passed in lieu.
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?
ADLAI STEVENSON (D-IL) introduced it on August 15, 1974. No cosponsors are recorded.
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 August 15, 1974, 19019 days ago. The most recent recorded action was 18984 days ago, on September 19, 1974.
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
- SenateMeasure indefinitely postponed in Senate, H.R. 15977 passed in lieu.
- HouseNot stated in the latest action
- PresidentNot stated in the latest action