S.1547 - Export-Import Bank Reauthorization Act of 2011

A bill to reauthorize the Export-Import Bank of the United States, and for other purposes. view all titles (3)

All Bill Titles

  • Official: A bill to reauthorize the Export-Import Bank of the United States, and for other purposes. as introduced.
  • Short: Export-Import Bank Reauthorization Act of 2011 as introduced.
  • Short: Export-Import Bank Reauthorization Act of 2011 as reported to senate.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
09/12/11
 
 
 
 
 
 
 

Official Summary

9/13/2011--Reported to Senate without amendment. (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

Official Summary

9/13/2011--Reported to Senate without amendment. (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.

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Organizations Supporting S.1547

  • Aerospace Industries Association

Organizations Opposing S.1547

  • None via MapLight at this time.




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