Text: H.R.4950 — 113th Congress (2013-2014)All Information (Except Text)

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Introduced in House (06/24/2014)


113th CONGRESS
2d Session
H. R. 4950


To reauthorize the Export-Import Bank of the United States for 7 years, and for other purposes.


IN THE HOUSE OF REPRESENTATIVES

June 24, 2014

Mr. Heck of Washington (for himself, Mr. Barber, Mr. Barrow of Georgia, Ms. Bass, Mrs. Beatty, Mr. Bera of California, Mr. Bishop of Georgia, Mr. Bishop of New York, Mr. Blumenauer, Ms. Bonamici, Ms. Bordallo, Mr. Brady of Pennsylvania, Mr. Braley of Iowa, Ms. Brown of Florida, Ms. Brownley of California, Mrs. Bustos, Mr. Butterfield, Mrs. Capps, Mr. Capuano, Mr. Cárdenas, Mr. Carney, Mr. Carson of Indiana, Mr. Cartwright, Ms. Castor of Florida, Mr. Castro of Texas, Ms. Chu, Mr. Cicilline, Ms. Clark of Massachusetts, Ms. Clarke of New York, Mr. Clay, Mr. Cleaver, Mr. Clyburn, Mr. Cohen, Mr. Connolly, Mr. Conyers, Mr. Cooper, Mr. Costa, Mr. Courtney, Mr. Crowley, Mr. Cuellar, Mr. Cummings, Mr. Danny K. Davis of Illinois, Mrs. Davis of California, Mr. DeFazio, Ms. DeGette, Mr. Delaney, Ms. DeLauro, Ms. DelBene, Mr. Deutch, Mr. Dingell, Mr. Doyle, Ms. Duckworth, Ms. Edwards, Mr. Ellison, Mr. Engel, Mr. Enyart, Ms. Eshoo, Ms. Esty, Mr. Farr, Mr. Fattah, Mr. Faleomavaega, Mr. Foster, Ms. Frankel of Florida, Ms. Fudge, Ms. Gabbard, Mr. Gallego, Mr. Garamendi, Mr. Garcia, Mr. Al Green of Texas, Mr. Gene Green of Texas, Mr. Grijalva, Mr. Gutiérrez, Ms. Hahn, Ms. Hanabusa, Mr. Hastings of Florida, Mr. Higgins, Mr. Himes, Mr. Hinojosa, Mr. Holt, Mr. Honda, Mr. Horsford, Mr. Hoyer, Mr. Huffman, Mr. Israel, Ms. Jackson Lee, Mr. Jeffries, Ms. Eddie Bernice Johnson of Texas, Mr. Johnson of Georgia, Ms. Kaptur, Mr. Keating, Ms. Kelly of Illinois, Mr. Kennedy, Mr. Kildee, Mr. Kilmer, Mr. Kind, Mrs. Kirkpatrick, Ms. Kuster, Mr. Langevin, Mr. Larsen of Washington, Mr. Larson of Connecticut, Ms. Lee of California, Mr. Levin, Mr. Lewis, Mr. Lipinski, Mr. Loebsack, Ms. Lofgren, Mr. Lowenthal, Mrs. Lowey, Mr. Ben Ray Luján of New Mexico, Ms. Michelle Lujan Grisham of New Mexico, Mr. Lynch, Mr. Maffei, Mrs. Carolyn B. Maloney of New York, Mr. Sean Patrick Maloney of New York, Mr. Matheson, Ms. Matsui, Mrs. McCarthy of New York, Ms. McCollum, Mr. McDermott, Mr. McGovern, Mr. McNerney, Mr. Meeks, Ms. Meng, Mr. Michaud, Mr. George Miller of California, Ms. Moore, Mr. Moran, Mr. Murphy of Florida, Mr. Nadler, Mrs. Napolitano, Mr. Neal, Mrs. Negrete McLeod, Mr. Nolan, Ms. Norton, Mr. O’Rourke, Mr. Owens, Mr. Pallone, Mr. Pascrell, Mr. Pastor of Arizona, Mr. Payne, Ms. Pelosi, Mr. Perlmutter, Mr. Peters of Michigan, Mr. Peters of California, Mr. Peterson, Mr. Pierluisi, Ms. Pingree of Maine, Mr. Pocan, Mr. Polis, Mr. Price of North Carolina, Mr. Quigley, Mr. Rangel, Mr. Richmond, Ms. Roybal-Allard, Mr. Ruiz, Mr. Ruppersberger, Mr. Rush, Mr. Ryan of Ohio, Ms. Linda T. Sánchez of California, Ms. Loretta Sanchez of California, Mr. Sarbanes, Ms. Schakowsky, Mr. Schiff, Mr. Schneider, Mr. Schrader, Ms. Schwartz, Mr. Scott of Virginia, Mr. David Scott of Georgia, Mr. Serrano, Ms. Sewell of Alabama, Ms. Shea-Porter, Mr. Sherman, Ms. Sinema, Mr. Sires, Ms. Slaughter, Mr. Smith of Washington, Ms. Speier, Mr. Swalwell of California, Mr. Takano, Mr. Thompson of Mississippi, Mr. Thompson of California, Mr. Tierney, Ms. Titus, Mr. Tonko, Ms. Tsongas, Mr. Van Hollen, Mr. Vargas, Mr. Veasey, Mr. Vela, Mr. Visclosky, Mr. Walz, Ms. Wasserman Schultz, Ms. Waters, Mr. Waxman, Mr. Welch, Ms. Wilson of Florida, Mr. Yarmuth, Mr. McIntyre, Mr. Sablan, Mrs. Christensen, and Mr. Rahall) introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To reauthorize the Export-Import Bank of the United States for 7 years, and for other purposes.

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

SECTION 1. Short title.

This Act may be cited as the “Protecting American Jobs and Exports Act”.

SEC. 2. General extension of authority.

Section 7 of the Export-Import Bank Act of 1945 (12 U.S.C. 635f) is amended by striking “2014” and inserting “2021”.

SEC. 3. Increases in limitations on outstanding loans, guarantees, and insurance.

Section 6(a)(2) of the Export-Import Bank Act of 1945 (12 U.S.C. 635e(a)(2)) is amended to read as follows:

“(2) APPLICABLE AMOUNT.—In this subsection, the term ‘applicable amount’ means—

“(A) during fiscal year 2014, $140,000,000,000;

“(B) during fiscal year 2015, $145,000,000,000;

“(C) during fiscal year 2016, $150,000,000,000;

“(D) during fiscal year 2017, $155,000,000,000;

“(E) during fiscal year 2018, $160,000,000,000;

“(F) during fiscal year 2019, $165,000,000,000;

“(G) during fiscal year 2020, $170,000,000,000; and

“(H) during fiscal year 2021, $175,000,000,000,

except that, with respect to each such fiscal year, if the rate calculated under section 8(g)(1) is more than 2 percent for the quarter ending with the beginning of the fiscal year, or for any quarter in the fiscal year, then the dollar amount in effect under this paragraph for the fiscal year shall be the amount so in effect for the then most recent fiscal year in which the rate never exceeded 2 percent.”.

SEC. 4. Dual use exports.

Section 1(c) of Public Law 103–428 (12 U.S.C. 635 note) is amended by striking “2014” and inserting “2021”.

SEC. 5. Effective date.

The amendments made by this Act shall take effect on October 1, 2014.