I 
113TH CONGRESS 
1ST SESSION H. R. 2263 
To abolish the Export-Import Bank of the United States, and for other 
purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 5, 2013 
Mr. AMASH (for himself, Mr. MCCLINTOCK, and Mr. MASSIE) introduced the 
following bill; which was referred to the Committee on Financial Services 
A BILL 
To abolish the Export-Import Bank of the United States, 
and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Export-Import Bank 
Termination Act’’. 
SEC. 2. FINDINGS. 
The Congress finds as follows: 
(1) Export subsidies provide advantages to spe-
cific industries or businesses at the expense of their 
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domestic competition, other sectors of the United 
States economy, and the public at large. 
(2) Banks and other financial institutions that 
provide trade facilitation credit also profit from ex-
port subsidies such as loan guarantees and trade in-
surance. 
(3) International trade finance is well developed 
and supplied by the private sector at competitive 
rates that reflect market conditions. 
(4) The Export-Import Bank of the United 
States is an agency of the United States Govern-
ment that subsidizes exports by insuring or guaran-
teeing trade facilitation loans and other credit from 
private financial institutions and by providing direct 
loans to United States exporters. 
(5) Export subsidies impose risks on United 
States taxpayers. In a June 2012 paper using accu-
rate, fair value estimation, the Congressional Budget 
Office found that the expected return of the Export- 
Import Bank of the United States was less than a 
tenth of the estimate under the current, flawed 
methodology used pursuant to the Federal Credit 
Reform Act of 1990. 
(6) Recent years have revealed other ‘‘safe’’ 
Federal credit programs to have large taxpayer 
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costs, for example, Freddie Mac, Fannie Mae, and 
the Federal Housing Administration. 
(7) The Export-Import Bank of the United 
States claims to serve small businesses primarily, 
but most of its financing subsidizes exports of large 
multinational corporations. 
SEC. 3. REDUCTIONS OF AUTHORITIES BEFORE ABOLISH-
MENT. 
Notwithstanding any other provision of law: 
(1) TERMINATION OF AUTHORITY TO ACCEPT 
APPLICATIONS
FOR
ASSISTANCE.—The Export-Im-
port Bank of the United States (in this Act referred 
to as the ‘‘Bank’’) may not accept an application for 
a loan, insurance, or a guarantee, or to participate 
in an extension of credit by another entity, after the 
30-day period that begins with the date of the enact-
ment of this Act. 
(2) TERMINATION OF AUTHORITY TO RENEW 
OR ENTER INTO A CONTRACT FOR THE PROVISION 
OF ASSISTANCE BY THE BANK.—The Bank may not 
renew or enter into a contract which would obligate 
the Bank to provide a loan, insurance, or a guar-
antee, or participate in an extension of credit by an-
other entity, after the 12-month period that begins 
with such date of enactment. 
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SEC. 4. ABOLISHMENT OF EXPORT-IMPORT BANK OF THE 
UNITED STATES. 
(a) IN GENERAL.—Effective on the abolishment date: 
(1) ABOLISHMENT.—The Bank is abolished. 
(2) TRANSFER OF FUNCTIONS.—All functions 
that, immediately before the abolishment date are 
authorized to be performed by the Bank, the Board 
of Directors of the Bank, any officer or employee of 
the Bank acting in that capacity, or any agency or 
office of the Bank, are transferred to the Secretary 
of the Treasury (in this Act referred to as the ‘‘Sec-
retary’’). 
(b) ABOLISHMENT DATE DEFINED.—In this Act, the 
term ‘‘abolishment date’’ means the date that is 3 years 
after the date of the enactment of this Act. 
SEC. 5. RESOLUTION AND TERMINATION OF BANK FUNC-
TIONS. 
(a) RESOLUTION
OF FUNCTIONS.—The Secretary 
shall— 
(1) complete the disposition and resolution of 
functions of the Bank in accordance with this Act; 
and 
(2) resolve all functions that are transferred to 
the Secretary under section 4(a)(2). 
(b) TERMINATION
OF FUNCTIONS.—All functions 
that are transferred to the Secretary under section 4(a)(2) 
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shall terminate on the date all obligations of the Bank, 
and all obligations of others to the Bank, in effect imme-
diately before the abolishment date have been satisfied, as 
determined by the Secretary. 
(c) REPORT TO THE CONGRESS.—When the Sec-
retary makes the determination described in subsection 
(b), the Secretary shall report the determination to the 
Committee on Financial Services of the House of Rep-
resentatives and the Committee on Banking, Housing, and 
Urban Affairs of the Senate. 
SEC. 6. DUTIES OF THE SECRETARY OF THE TREASURY. 
(a) IN GENERAL.—The Secretary shall be responsible 
for the implementation of this Act, including— 
(1) the administration and wind-up of all func-
tions transferred to the Secretary under section 
4(a)(2); 
(2) the administration and wind-up of any out-
standing obligations of the Federal Government 
under any programs terminated by this Act; and 
(3) taking such other actions as may be nec-
essary to wind-up any outstanding affairs of the 
Bank. 
(b) DELEGATION
OF FUNCTIONS.—The Secretary 
may delegate to any other Federal department or agency 
head the performance of the functions of the Secretary 
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