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S. 1026 (105th): Export-Import Bank Reauthorization Act of 1997


The text of the bill below is as of Jul 17, 1997 (Introduced).


S 1026 IS

105th CONGRESS

1st Session

S. 1026

To reauthorize the Export-Import Bank of the United States.

IN THE SENATE OF THE UNITED STATES

July 17, 1997

Mr. GRAMS (for himself, Mr. D’AMATO, Mr. SARBANES, Ms. MOSELEY-BRAUN, Mr. MCCONNELL, and Mr. LEAHY) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs


A BILL

To reauthorize the Export-Import Bank of the United States.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. EXTENSION OF AUTHORITY.

    Section 7 of the Export-Import Bank Act of 1945 (12 U.S.C. 635f) is amended by striking ‘1997’ and inserting ‘2001’.

SEC. 2. TIED AID CREDIT FUND AUTHORITY.

    (a) Section 10(c)(2) of the Export-Import Bank Act of 1945 (12 U.S.C. 635i-3(c)(2)) is amended by striking ‘through September 30, 1997’.

    (b) Section 10(e) of such Act (12 U.S.C. 635i-3(e)) is amended by striking the first sentence and inserting the following: ‘There are authorized to be appropriated to the Fund such sums as may be necessary to carry out the purposes of this section.’.

SEC. 3. EXTENSION OF AUTHORITY TO PROVIDE FINANCING FOR THE EXPORT OF NONLETHAL DEFENSE ARTICLES OR SERVICES THE PRIMARY END USE OF WHICH WILL BE FOR CIVILIAN PURPOSES.

    Section 1(c) of Public Law 103-428 (12 U.S.C. 635 note; 108 Stat. 4376) is amended by striking ‘1997’ and inserting ‘2001’.