Summary: S.2709 — 113th Congress (2013-2014)All Information (Except Text)

There is one summary for S.2709. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (07/30/2014)

Export-Import Bank Reauthorization Act of 2014 - Amends the Export-Import Bank Act of 1945 to reauthorize the Export-Import Bank of the United States through FY2019.

Extends, for FY2015-FY2019, the Bank's authority to use a specified amount of its surplus for information technology system updates.

Extends, through FY2019, the termination date of the sub-Saharan Africa advisory committee.

Prescribes limitations on outstanding Bank loans, guarantees, and insurance for FY2015-FY2018 and each fiscal year thereafter.

Extends, through FY2019, Bank authority to provide financing for the export of nonlethal defense articles and defense services whose primary end use is for civilian purposes.

Directs the Bank to submit to Congress and the Comptroller General (GAO) a business plan that includes an estimate of the Bank's appropriate exposure limits for FY2015-FY2019.

Directs GAO to study the Bank's medium-term financing programs.