Export-Import Bank Reauthorization Act of 2011

Bill: 112-s-1547
Sponsor: Sen. Johnson, Tim [D-SD]
Introduced: 2011-09-13 in the Senate
Policy area: Foreign Trade and International Finance
Subjects: Advisory bodies
Africa
Alternative and renewable resources
Buy American requirements
Competitiveness, trade promotion, trade deficits
Computers and information technology
Congressional oversight
Economic performance and conditions
Energy efficiency and conservation
Executive agency funding and structure
Export-Import Bank of the United States
Government information and archives
Government lending and loan guarantees
Government studies and investigations
Iran
Manufacturing
Middle East
Military assistance, sales, and agreements
Oil and gas
Sanctions
Technology transfer and commercialization
Trade restrictions

Summary:
action_date: 2011-09-13
text: 
Export-Import Bank Reauthorization Act of 2011 - Amends the Export-Import Bank Act of 1945 to extend the termination of functions date for the Export-Import Bank of the United States to September 30, 2015.
 
Eliminates the provision directing the Bank to urge the Foreign Credit Insurance Association to provide 100% coverage against any export loss valued at less than $100,000.
 
Revises the list of Marxist-Leninist countries ineligible for Bank assistance.
 
Extends through September 30, 2015: (1) the termination date of the Sub-Saharan Africa advisory committee, and (2) Bank authority to provide financing for the export of nonlethal defense articles and defense services whose primary end use is for civilian purposes.
 
Extends and specifies aggregate outstanding loan, guarantee, and insurance authority through FY2015.
 
Provides for textile industry representation on the Bank Advisory Committee.
 
Requires the Bank to: (1) review its domestic content policy for medium- and long-term transactions; (2) include in its annual report to Congress, at least every every four years beginning in 2012, a five-year strategic plan; and (3) review and report to Congress regarding the Bank's information technology infrastructure.
 
Urges the Bank to increase the export of renewable energy technologies and end-use energy efficiency technologies.
 
Provides for increased Bank transparency and accountability. 
 
Prohibits Bank financing for persons that engage in certain sanctionable activities with respect to Iran.

action_date: 2011-09-13
text: 

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

 
Export-Import Bank Reauthorization Act of 2011 - (Sec. 2) Amends the Export-Import Bank Act of 1945 to extend the termination of functions date for the Export-Import Bank of the United States to September 30, 2015.
 
(Sec. 3) Eliminates the provision directing the Bank to urge the Foreign Credit Insurance Association to provide 100% coverage against any export loss valued at less than $100,000.
 
(Sec. 4) Revises the list of Marxist-Leninist countries ineligible for Bank assistance.
 
(Sec. 5) Extends the termination date of the Sub-Saharan Africa advisory committee through September 30, 2015. 
 
(Sec. 6) Extends and specifies aggregate outstanding loan, guarantee, and insurance authority through FY2015.
 
(Sec. 7) Extends, through September 30, 2015, Bank authority to provide financing for the export of nonlethal defense articles and defense services whose primary end use is for civilian purposes.
 
(Sec. 8) Provides for textile industry representation on the Bank Advisory Committee.
 
Requires the Bank to include in its annual report to Congress information on Bank support for U.S. textile and apparel exports.
 
(Sec. 9) Requires the Bank to: (1) review its domestic content policy for medium- and long-term transactions and evaluate policy contributions to job creation and a stronger economy; (2) include in its annual report to Congress, at least every every four years beginning in 2012, a five-year strategic plan; and (3) review and report to Congress regarding the Bank's information technology infrastructure.
 
(Sec. 12) Directs the Government Accountability Office (GAO) to report to the Bank and to Congress regarding the Bank's financial position and the risks it poses for American taxpayers. 
 
(Sec. 13) Urges the Bank to increase the export of renewable energy technologies and end-use energy efficiency technologies.
 
(Sec. 14) Provides for increased Bank transparency and accountability.
 
(Sec. 15) Requires the inclusion of specified information concerning case processing, operations, and process improvement in the Bank's annual report.
 
 
(Sec. 16) Prohibits Bank financing for persons that engage in certain sanctionable activities with respect to Iran.


Legislative actions:
action_date: 2012-04-17
text: Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-585.
action_date: 2011-09-13
text: Placed on Senate Legislative Calendar under General Orders. Calendar No. 164.
action_date: 2011-09-13
text: Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Johnson SD. Without written report.
action_date: 2011-09-13
text: Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Johnson SD. Without written report.
action_date: 2011-09-13
text: Sponsor introductory remarks on measure. (CR S5537)
action_date: 2011-09-13
text: Introduced in Senate