II 

116TH CONGRESS 

1ST SESSION S. 2293 

To extend the authority of the Export-Import Bank of the United States 

and to modify the quorum requirement of the Bank, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

JULY 25, 2019 

Mr. CRAMER (for himself, Ms. SINEMA, Mr. TILLIS, Ms. CANTWELL, Mr. 

BLUNT, Mr. GRAHAM, Ms. COLLINS, Mr. COONS, Ms. HASSAN, and Mrs. 

MURRAY) introduced the following bill; which was read twice and referred 

to the Committee on Banking, Housing, and Urban Affairs 

A BILL 

To extend the authority of the Export-Import Bank of the 

United States and to modify the quorum requirement 

of the Bank, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Export-Import Bank 

5 Reauthorization Act of 2019’’. 


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1 SEC. 2. EXTENSION OF AUTHORITY OF EXPORT-IMPORT 

2 BANK OF THE UNITED STATES. 

3 (a) IN GENERAL.—Section 7 of the Export-Import 

4 Bank Act of 1945 (12 U.S.C. 635f) is amended by strik5 ing ‘‘2019’’ and inserting ‘‘2029’’. 

6 (b) AUTHORITY RELATING TO INFORMATION TECH7 NOLOGY SYSTEMS.—Section 3(j) of the Export-Import 

8 Bank Act of 1945 (12 U.S.C. 635a(j)) is amended— 

9 (1) in paragraph (1), in the matter preceding 

10 subparagraph (A), by striking ‘‘fiscal years’’ and all 

11 that follows through ‘‘to—’’ and inserting ‘‘fiscal 

12 years 2019 through 2029 to—’’; and 

13 (2) in paragraph (3), by striking ‘‘fiscal years’’ 

14 and all that follows through ‘‘shall not’’ and insert15 ing ‘‘fiscal years 2019 through 2029 shall not’’. 

16 (c) ANNUAL REPORTS ON PROGRESS OF NEGOTIA17 TIONS TO END EXPORT CREDIT FINANCING.—Section 

18 11(e) of the Export-Import Bank Reauthorization Act of 

19 2012 (12 U.S.C. 635a–5(e)) is amended by striking 

20 ‘‘2019’’ and inserting ‘‘2029’’. 

21 (d) PILOT PROGRAM FOR REINSURANCE.—Section 

22 51008 of the Export-Import Bank Reform and Reauthor23 ization Act of 2015 (Public Law 114–94; 12 U.S.C. 635 

24 note) is amended by striking ‘‘2019’’ each place it appears 

25 and inserting ‘‘2029’’. 


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1 SEC. 3. AGGREGATE LOAN, GUARANTEE, AND INSURANCE 

2 AUTHORITY. 

3 Section 6(a)(2) of the Export-Import Bank Act of 

4 1945 (12 U.S.C. 635e(a)(2)) is amended to read as fol5 lows: 

6 ‘‘(2) APPLICABLE AMOUNT DEFINED.—In this 

7 subsection, the term ‘applicable amount’ means— 

8 ‘‘(A) $145,000,000,000 for fiscal year 

9 2020; 

10 ‘‘(B) $150,000,000,000 for fiscal year 

11 2021; 

12 ‘‘(C) $155,000,000,000 for fiscal year 

13 2022; 

14 ‘‘(D) $160,000,000,000 for fiscal year 

15 2023; 

16 ‘‘(E) $165,000,000,000 for fiscal year 

17 2024; 

18 ‘‘(F) $170,000,000,000 for fiscal year 

19 2025; and 

20 ‘‘(G) $175,000,000,000 for each of fiscal 

21 years 2026 through 2029.’’. 

22 SEC. 4. TEMPORARY BOARD OF DIRECTORS FOR THE EX23 PORT-IMPORT BANK OF THE UNITED STATES. 

24 Section 3(c)(6) of the Export-Import Bank Act of 

25 1945 (12 U.S.C. 635a(c)(6)) is amended— 

26 (1) by inserting ‘‘(A)’’ after ‘‘(6)’’; and 


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1 (2) by adding at the end the following: 

2 ‘‘(B)(i) If there is an insufficient number of directors 

3 to constitute a quorum under subparagraph (A) for 90 

4 consecutive days during the term of a President of the 

5 United States, a temporary Board, consisting of the fol6 lowing members, shall act in the stead of the Board of 

7 Directors until a quorum of the Board of Directors can 

8 be constituted: 

9 ‘‘(I) The United States Trade Representative. 

10 ‘‘(II) The Secretary of the Treasury. 

11 ‘‘(III) The Secretary of Commerce. 

12 ‘‘(IV) The members of the Board of Directors. 

13 ‘‘(ii) The chairperson of the temporary Board shall 

14 be— 

15 ‘‘(I) a member of the Board of Directors de16 scribed in clause (i)(IV), consistent with the bylaws 

17 of the Bank; or 

18 ‘‘(II) if there are no such members of the 

19 Board of Directors, the United States Trade Rep20 resentative. 

21 ‘‘(iii) If the temporary Board consists of members of 

22 only one political party, the President of the United States 

23 shall, to the extent practicable, appoint to the temporary 

24 Board a qualified member of another political party who 


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1 occupies a position requiring appointment by the Presi2 dent by and with the advice and consent of the Senate. 

3 ‘‘(iv) A member of the temporary Board specified in 

4 subclause (I), (II), or (III) of clause (i) may delegate the 

5 authority of the member to vote on whether to approve 

6 or amend a transaction in an amount of less than 

7 $100,000,000, to— 

8 ‘‘(I) if the member is the United States Trade 

9 Representative, the Deputy United States Trade 

10 Representative; or 

11 ‘‘(II) if the member is specified in subclause 

12 (II) or (III) of that clause, the Deputy Secretary of 

13 the department specified in that subclause. 

14 ‘‘(v) The temporary Board may approve or amend 

15 transactions in an amount that exceeds $25,000,000 only 

16 by a vote of the temporary Board. 

17 ‘‘(vi) The temporary Board may not change or amend 

18 the policies, procedures, bylaws, or guidelines of the Bank. 

19 ‘‘(vii) The chairperson of the temporary Board shall 

20 ensure that the Bank complies with section 2(b)(3) with 

21 respect to transactions in an amount that equals or ex22 ceeds $100,000,000. 

23 ‘‘(viii) The temporary Board shall terminate on the 

24 date that is the earlier of— 


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1 ‘‘(I) the last day of the term of the President 

2 of the United States in office as of the date on 

3 which the temporary Board is constituted; or 

4 ‘‘(II) the date on which there is a sufficient 

5 number of directors on the Board of Directors to 

6 constitute a quorum under subparagraph (A). 

7 ‘‘(ix) This subparagraph shall have no force or effect 

8 after September 30, 2029.’’. 

Æ 


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