Export-Import Bank Reform and Reauthorization Act of 2015

2183

114th Congress

Introduced

Summary

Export-Import Bank Reform and Reauthorization Act of 2015 This bill amends the Export-Import Bank Act of 1945 to reduce, for each of FY2015-FY2019, the authorized aggregate amount of loans, guarantees, and insurance the Export-Import Bank may have outstanding at any time. The Bank shall build to and hold in reserve, to protect against future losses, at least 5% of its aggregate amount of disbursed and outstanding loans, guarantees, and insurance. The Export-Import Bank Reauthorization Act of 2012 (EIBRA) is amended to require the Government Accountability Office's quadrennial review of the adequacy of the design and effectiveness of the Bank's fraud controls to include review of the Bank's compliance with these controls. An Office of Ethics is established within the Bank to recommend administrative actions to establish or enforce standards of official conduct. A Chief Risk Officer of the Bank is established to oversee all issues relating to risk within the Bank. A Risk Management Committee is also established to: oversee periodic stress testing on the entire Bank portfolio and the monitoring of industry, geographic, and obligor exposure levels; and review all required reports on the Bank's default rate. The Bank's Inspector General shall conduct an audit or evaluation of the Bank's portfolio risk management procedures, including its implementation of the duties assigned to the Chief Risk Officer. The Bank may establish a pilot program under which it may enter into contracts and other arrangements to share risks associated with its provision of guarantees, insurance, or credit, or participation in the extension of credit. The Bank shall: (1) increase from 20% to 25% of its lending authority the amount made available to finance direct exports by small business concerns, and (2) include in its annual report to Congress a report on its programs for U.S. businesses with less than $250 million in annual sales. The Bank may use a portion of its surplus through FY2019 to update its information technology systems. The Bank, the Sub-Saharan Africa Advisory Committee, and authority for dual use exports (of nonlethal defense articles or services primarily for civilian use) are reauthorized through FY2019. The principal amounts of medium-term financing by the Bank are limited to $25 million Increased from a minimum of $10 million to a minimum of $25 million are the amounts of: long-term loans or loan guarantees the Bank may insure, working capital export loans and guarantees to small businesses, and long-term support for projects to which certain procedures apply regarding the potential beneficial and adverse environmental effects of goods and services for which direct lending and guarantee support is requested. The Bank may never: deny an application for financing based solely on the industry, sector, or business that the application concerns; or promulgate or implement policies that discriminate against an application based solely on the industry, sector, or business that the application concerns. The EIBRA is amended to require the President instead of the Department of the Treasury to initiate and pursue negotiations to end export credit financing. The President shall propose to Congress a strategy the U.S. government will pursue with other major exporting countries, including Organisation for Economic Co-operation and Development (OECD) members and non-OECD members, to eliminate over a period of 10 years subsidized export-financing programs, tied aid, export credits, and all other forms of government-supported export subsidies. The Bank shall study the extent to which products it offers are available and used by companies that export information and communications technology services and related goods.

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Filing registrants (1)

NATIONAL SMALL BUSINESS ASSOCIATION. (1)

NATIONAL SMALL BUSINESS ASSOCIATION.client→NATIONAL SMALL BUSINESS ASSOCIATION.

2015 · fourth_quarter · Small Business

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Cited source text, amounts, lobbyists, and targets

S.2183 Export-Import Bank Reform and Reauthorization Act of 2015 - NSBA supports S.2116 Small Business Broadband and Emerging Information Technology Enhancement Act - NSBA supports S.2021 Fair Chance Act - NSBA opposes S.2015 Protecting Local Business Opportunity Act - NSBA supports S.2012 Energy Policy Modernization Act of 2015- NSBA supports S.2006 Regulatory Accountability Act of 2015 - NSBA supports S.1890 Defend Trade Secrets Act of 2015 - NSBA is monitoring S.1827 Small Business Tax Compliance Relief Act of 2015 - NSBA supports S.1697 Small Business Healthcare Relief Act - NSBA supports S.1647 Developing a Reliable and Innovative Vision for the Economy Act - NSBA monitoring S.1607 Independent Agency Regulatory Analysis Act of 2015 - NSBA supports S.1584 Renewable Fuel Standard Repeal Act - NSBA is monitoring S.1356 National Defense Authorization Act for Fiscal Year 2016 - NSBA supports S.1140 Federal Water Quality Protection Act - NSBA supports S.1137 PATENT Act - NSBA opposes S.1099 Protecting Affordable Coverage for Employees Act - NSBA supports S.995 Bipartisan Congressional Trade Priorities and Accountability Act - NSBA supports S.966 Commercial Real Estate and Economic Development Act - NSBA supports S.949 Small Business Taxpayer Bill of Rights Act of 2015 - NSBA supports S.860 Death Tax Repeal Act of 2015 - NSBA supports S.824 Promoting U.S. Jobs Through Exports Act of 2015 - NSBA supports S.819 Export-Import Bank Reform and Reauthorization Act of 2015 - NSBA supports S.754 Cybersecurity Information Sharing Act of 2015 - NSBA supports S.698 Marketplace Fairness Act of 2015 - NSBA is monitoring S.632 Support Technology and Research for Our Nation's Growth (STRONG) Patents Act - NSBA supports S.552 Small Business Investment Company Capital Act of 2015 - NSBA supports S.426 Small Business Regulatory Flexibility Improvements Act of 2015 -NSBA supports S.379 Small Business Tax Credit Accessibility Act - NSBA supports S.J.Res.22 WOTUS CRA Resolution - NSBA supports Protecting Americans from Tax Hikes (PATH) Act of 2015 - NSBA supports H.R.3784 SEC Small Business Advocate Act of 2015 - NSBA supports H.R.3762 Restoring Americans' Healthcare Freedom Reconciliation Act of 2015 - NSBA supports H.R.3611 Export-Import Bank Reform and Reauthorization Act of 2015 - NSBA supports H.R.3470 Fair Chance Act - NSBA opposes H.R.3459 Protecting Local Business Opportunity Act - NSBA supports H.R.3326 Defend Trade Secrets Act of 2015 - NSBA is monitoring H.R.3132 To increase the amount of funding available for FY2015 for certain general business loans authorized under the Small Business Act - NSBA supports H.R.2911 Small Business Healthcare Relief Act - NSBA supports H.R.2775 Remote Transactions Parity Act of 2015 - NSBA is monitoring H.R.2670 Microloan Modernization Act of 2015 - NSBA supports H.R.2586 Export Coordination Act of 2015 - NSBA supports H.R.2473 Preserving Capital Access and Mortgage Liquidity Act of 2015 - NSBA is monitoring H.R.2266 Commercial Real Estate and Economic Development Act - NSBA supports H.R.2239 To increase Ex-Im financing of exports by small business - NSBA supports H.R.2045 Targeting Rogue and Opaque Letters Act of 2015 - NSBA supports H.R.2177 Energy Savings and Industrial Competitiveness Act of 2015 - NSBA supports H.R.2121 SAFE Transitional Licensing Act of 2015 - NSBA is monitoring H.R.1907 Trade Facilitation and Trade Enforcement Act of 2015 - NSBA supports H.R.1890 Bipartisan Congressional Trade Priorities and Accountability Act of 2015 - NSBA supports H.R.1828 Small Business Taxpayer Bill of Rights Act of 2015 - NSBA supports H.R.1735 National Defense Authorization Act for 2016 - NSBA supports H.R.1732 Regulatory Protection Act of 2015 - NSBA supports H.R.1731 National Cybersecurity Protection Advancement Act of 2015 - NSBA supports H.R.1560 Protecting Cyber Networks Act - NSBA supports H.R.1481 Small Contractors Improve Competition Act of 2015 - NSBA supports H.R.1314 Bipartisan Budget Act of 2015 - NSBA supports H.R.1105 Death Tax Repeal Act of 2015 - NSBA supports H.R.1031 Promoting U.S. Jobs Through Exports Act of 2015 - NSBA supports H.R.1030 Secret Science Reform Act of 2015 - NSBA supports H.R.1029 EPA Science Advisory Board Reform Act of 2015 - NSBA supports H.R.1023 Small Business Investment Company Capital Act of 2015 - NSBA supports H.R.880 American Research and Competitiveness Act of 2015 - NSBA supports H.R.762 Small Business Tax Credit Accessibility Act - NSBA supports H.R.703 Renewable Fuel Standard Elimination Act - NSBA is monitoring H.R.630 Permanent S Corporation Charitable Contribution Act of 2015 - NSBA supports H.R.629 Permanent S Corporation Built-in Gains Recognition Period Act of 2015 - NSBA supports H.R.622 State and Local Sales Tax Deduction Fairness Act of 2015 - NSBA supports H.R.597 Reform Exports and Expand the American Economy Act - NSBA supports H.R.527 Small Business Regulatory Flexibility Improvements Act - NSBA supports H.R.185 Regulatory Accountability Act - NSBA supports H.R.160 Protect Medical Innovation Act of 2015 - NSBA supports H.R.50 Unfunded Mandates Information and Transparency Act of 2015 - NSBA supports H.R.25 Fair Tax Act - NSBA supports H.R.9 Innovation Act - NSBA opposes H.R.8 North American Energy Security and Infrastructure Act of 2015 - NSBA is monitoring H.R.3 Keystone XL Pipeline Act - NSBA supports H.J.Res. 71 Clean Power Plan - Congressional Review Act - NSBA supports H.J.Res. 72 Clean Power Plan - Congressional Review Act - NSBA supports