I 
115TH CONGRESS 
1ST SESSION H. R. 3114 
To abolish the Export-Import Bank of the United States, and for other 
purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 29, 2017 
Mr. AMASH (for himself, Mr. JORDAN, Mr. BURGESS, Mr. BRAT, Mr. 
DESJARLAIS, Mr. BUCK, Mr. MCCLINTOCK, Mr. MASSIE, Mr. LABRADOR, 
and Mr. JONES) 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) In recent years, other ‘‘safe’’ Federal credit 
programs have been shown to create significant risk 
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for taxpayers, for example, Fannie Mae, Freddie 
Mac, 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. 
(a) IN GENERAL.—Notwithstanding any other provi-
sion 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-
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