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Titles (2)

Short Titles

Short Titles - House of Representatives

Short Title(s) as Introduced

United States Export Finance Agency Act of 2019

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To strengthen the competitiveness of the United States, to modernize and reform the United States Export Finance Agency, and for other purposes.

Actions Overview (1)

Date Actions Overview
06/21/2019Introduced in House

All Actions (3)

Date All Actions
11/14/2019Motion to Discharge Committee filed by Mr. Davis, Rodney. Petition No: 116-4. (Discharge petition text with signatures.)
Action By: House of Representatives
06/21/2019Referred to the House Committee on Financial Services.
Action By: House of Representatives
06/21/2019Introduced in House
Action By: House of Representatives

Cosponsors (1)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. McHenry, Patrick T. [R-NC-10]* 06/21/2019

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
House Financial Services06/21/2019 Referred to

No related bill information was received for H.R.3407.

Subjects (54)

Latest Summary (1)

There is one summary for H.R.3407. View summaries

Shown Here:
Introduced in House (06/21/2019)

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.