An amendment to loosen various regulatory restrictions governing bank-affiliated export trading companies. The changes permit revenues from third party and counter-trade to be counted as "export revenues" in order to meet the threshold test for the definition of an export trading company; exempt banks from restrictions on how much reserve capital they could lend to their affiliate export trading companies; and require the Commerce Department to prepare an annual report on the activities of the export trading companies.

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Amendment Number
847
Description
An amendment to loosen various regulatory restrictions governing bank-affiliated export trading companies. The changes permit revenues from third party and counter-trade to be counted as "export revenues" in order to meet the threshold test for the definition of an export trading company; exempt banks from restrictions on how much reserve capital they could lend to their affiliate export trading companies; and require the Commerce Department to prepare an annual report on the activities of the export trading companies.
Congress
99
Type
HAMDT
Latest Action Date
May 21, 1986
Latest Action Text
Amendment Withdrawn in Committee of the Whole.
Submitted Date
May 21, 1986
Chamber
House of Representatives
Update Date
Jun 30, 2021
Amendment 847 — Informed