To promote the competitiveness of the United States, to reform and reauthorize the United States Export Finance Agency, and for other purposes.
United States Export Finance Agency Act of 2019
This bill reauthorizes the U.S. Export-Import Bank through FY2029 and otherwise modifies its operations.
Specifically, the bill redesignates the bank as the United States Export Finance Agency and increases its lending cap over the period of its reauthorization. In the event of a quorum lapse, the bill provides for the establishment of a temporary board to act in the stead of the Board of Directors. The bill also prohibits the agency from providing financing for certain specified entities and persons involved in sanctionable activities.
Additionally, the agency must establish (1) the Office of Minority and Women Inclusion to increase the participation of such groups in the agency's programs and contracts; (2) the Office of Territorial Exporting to promote the export of goods and services from U.S. territories; and (3) the Office of Financing for Renewable Energy, Energy Efficiency and Energy Storage Exports to promote exports used in the production of renewable energy resources and energy efficiency technologies.
Further, the agency is authorized to (1) deem as met certain prerequisite considerations to providing competitive export financing in the case of exports likely to be supported by official financing from China; and (2) establish a program under which it may enter into arrangements (i.e., reinsurance pools) to share risks associated with the extension of credit.
Referred to the House Committee on Financial Services.
Motion to reconsider laid on the table Agreed to without objection.
DEBATE - Pursuant to the provisions of H.Res. 695, the Committee of the Whole proceeded with 10 minutes of debate on the Lamb amendment No. 15.
DEBATE - Pursuant to the provisions of H.Res. 695, the Committee of the Whole proceeded with 10 minutes of debate on the Rouda amendment No. 16.
DEBATE - Pursuant to the provisions of H.Res. 695, the Committee of the Whole proceeded with 10 minutes of debate on the Rouda amendment No. 17.
DEBATE - Pursuant to the provisions of H.Res. 695, the Committee of the Whole proceeded with 10 minutes of debate on the Stevens amendment No. 18.
POSTPONED PROCEEDINGS - At the conclusion of debate on the Stevens amendment, the Chair put the question on adoption of the amendment, and by voice vote announced that the ayes had prevailed. Ms. Waters demanded a recorded vote, and the Chair postponed further proceedings on adoption of the amendment until a time to be announced.
DEBATE - Pursuant to the provisions of H.Res. 695, the Committee of the Whole proceeded with 10 minutes of debate on the Kendra S. Horn (OK) amendment No. 19.
DEBATE - Pursuant to the provisions of H.Res. 695, the Committee of the Whole proceeded with 10 minutes of debate on the Levin (MI) amendment No. 20.
DEBATE - Pursuant to the provisions of H.Res. 695, the Committee of the Whole proceeded with 10 minutes of debate on the Torres Small (NM) amendment No. 21.
POSTPONED PROCEEDINGS - At the conclusion of debate on the Torres Small (NM) amendment, the Chair put the question on adoption of the amendment, and by voice vote announced that the ayes had prevailed. Ms. Waters demanded a recorded vote, and the Chair postponed further proceedings on adoption of the amendment until a time to be announced.
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The House rose from the Committee of the Whole House on the state of the Union to report H.R. 4863.
The previous question was ordered pursuant to the rule.
The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.
Mr. Riggleman moved to recommit with instructions to the Committee on Financial Services. (text: CR H8899)
DEBATE - The House proceeded with 10 minutes of debate on the Riggleman motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment inserting a section pertaining to the Limitation on Financial Assistance for the Chinese Government.
The previous question on the motion to recommit with instructions was ordered without objection.
On motion to recommit with instructions Failed by recorded vote: 203 - 218 (Roll no. 623).
Roll Call #623 (House)Passed/agreed to in House: On passage Passed by recorded vote: 235 - 184 (Roll no. 624).
Roll Call #624 (House)On passage Passed by recorded vote: 235 - 184 (Roll no. 624).
Roll Call #624 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.