A bill to amend section 1912 of the Export-Import Bank Act Amendments of 1978 (12 United States Code 635a-3) to provide United States competitive financing in international trade.
International Competitive Finance Act of 1983 - 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the information is accurate and requests the withdrawal of the foreign financing; and (2) the foreign financing is not withdrawn within ten days of the request.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.
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