United States Export Finance Agency Act of 2019

Bill: 116-hr-3407
Sponsor: Rep. Waters, Maxine [D-CA-43]
Introduced: 2019-06-21 in the House
Policy area: Foreign Trade and International Finance
Subjects: Accounting and auditing
Advanced technology and technological innovations
Alternative and renewable resources
American Samoa
Asia
Banking and financial institutions regulation
China
Competitiveness, trade promotion, trade deficits
Computer security and identity theft
Computers and information technology
Congressional oversight
Employee hiring
Energy efficiency and conservation
Energy storage, supplies, demand
Executive agency funding and structure
Export-Import Bank of the United States
Federal officials
Financial services and investments
Foreign aid and international relief
Fraud offenses and financial crimes
Government corporations and government-sponsored enterprises
Government employee pay, benefits, personnel management
Government ethics and transparency, public corruption
Government information and archives
Government lending and loan guarantees
Guam
Health technology, devices, supplies
House Committee on Financial Services
Human rights
Insurance industry and regulation
Intergovernmental relations
Manufacturing
Military assistance, sales, and agreements
Minority and disadvantaged businesses
Minority employment
Northern Mariana Islands
Nuclear power
Public contracts and procurement
Puerto Rico
Racial and ethnic relations
Religion
Senate Committee on Banking, Housing, and Urban Affairs
Small business
Telephone and wireless communication
Terrorism
Travel and tourism
U.S. and foreign investments
U.S. territories and protectorates
Veterans' education, employment, rehabilitation
Virgin Islands
Wages and earnings
Women in business
Women's employment

Summary:
action_date: 2019-06-21
text: 

United States Export Finance Agency Act of 2019

 
This bill reauthorizes the U.S. Export-Import Bank through FY2026 and otherwise modifies its operations.
 
Specifically, the bill redesignates the U.S. Export-Import Bank as the United States Export Finance Agency and increases the agency's lending cap over the period of its reauthorization. The bill also requires that at least an additional 5% of its total annual transactions are in support of small businesses.
 
Additionally, the bill requires the agency to neutralize Chinese export subsidies by establishing a program to provide competitive financing. The bill also restricts access to agency financing for entities that are owned or controlled by China. Further, the bill establishes (1) the Office of Minority and Women Inclusion; (2) the Office of Territorial Exporting; and (3) the Office of Financing for Renewable Energy, Energy Efficiency and Energy Storage Exports.
 
In the event that there is no board quorum for more than 90 days, the bill provides for the establishment of a temporary board. It also requires the agency to take certain measures to increase transparency and accountability.


Legislative actions:
action_date: 2019-11-14
text: Motion to Discharge Committee filed by Mr. Davis, Rodney. Petition No: 116-4. (<a href="https://clerk.house.gov/DischargePetition/20191114?CongressNum=116">Discharge petition</a> text with signatures.)
action_date: 2019-06-21
text: Referred to the House Committee on Financial Services.
action_date: 2019-06-21
text: Introduced in House
action_date: 2019-06-21
text: Introduced in House