A bill to amend the Export-Import Bank Act of 1945 to authorize the Bank to engage in the use of extraordinary measures of export finance to counter and ultimately discourage the use of such measures by other major trading countries.
Competitive Export Financing Act of 1981 - Amends the Export-Import Bank Act of 1945 to direct the Export-Import Bank to adopt export finance programs comparable to those extraordinary export measures offered by competing countries, until such foreign finance programs are limited by international agreements. Authorizes appropriations for such programs.
Requires the Bank to report annually to Congress on: (1) whether additional funds are necessary to carry out this Act; and (2) methods of administering such programs to encourage greater penetration of foreign markets by U.S. small businesses. Terminates such programs if the President notifies Congress that such programs violate international agreements.
Introduced in Senate
Read second time and referred to Senate Committee on Banking.
Referred to Subcommittee on International Finance (Banking).
Committee on Banking requested executive comment from Commerce Department; Export-Import Bank of the United States.
Subcommittee on International Finance (Banking). Hearings held.
Committee on Banking. Ordered to be reported with amendments favorably.
Committee on Banking. Reported to Senate by Senator Heinz favorably with amendments. With written report No. 97-188.
Committee on Banking. Reported to Senate by Senator Heinz favorably with amendments. With written report No. 97-188.
Placed on Senate Legislative Calendar under Regular Orders. Calendar No. 262.
Considered by Senate.
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