To improve and reform the Short-Term Export Credit Program to enhance its effectiveness and promote the expansion of exports of agricultural commodities.
Short-Term Export Credit Act of 1990 - Amends the Food Security Act of 1985 to extend the Short-Term Export Credit Program through FY 1995. Requires the Commodity Credit Corporation to make a specified amount available in credit guarantees under the Program to finance the export sales of U.S agricultural commodities (excluding wood and processed wood products). Requires the Corporation to insure that: (1) no more than 20 percent of such credit guarantees shall be extended to any one country; and (2) up to $2,000,000 of such guarantees shall be extended to preferred risk countries and those countries that constitute new customers for U.S. agricultural products.
Prohibits the Secretary of Agriculture from charging an organization fee in excess of one percent of the credit extended under the Program. Requires the Secretary to establish a personnel system that provides an experienced group of employees to administer the Program.
Introduced in House
Introduced in House
Referred to the House Committee on Agriculture.
Referred to the House Committee on Foreign Affairs.
Executive Comment Requested from USDA.
Referred to the Subcommittee on Department Operations, Research, and Foreign Agriculture.
Referred to the Subcommittee on International Economic Policy and Trade.
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