A bill to amend the Export-Import Bank Act Amendments of 1978 to improve the ability of the United States to help insure an open and fair international finance system for U.S. industries.
International Competitive Finance Act of 1982 - Amends the Export-Import Bank Act Amendments of 1978 to direct the Secretary of the Treasury to begin an inquiry immediately after receiving information that foreign sales to the United States are being seriously offered involving foreign official export credits that breach international agreements. Requires the inquiry to determine the accuracy of the information.
Directs the Secretary to authorize the Export-Import Bank to provide competitive U.S. sellers with matching financing if: (1) the Secretary finds the information is accurate and requests the withdrawal of the foreign financing; and (2) the foreign financing is not withdrawn within ten days of the request.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on International Trade, Investment and Monetary Policy.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line