Amendment114th Congress
An amendment printed in Part B of House Report 114-326 to prohibit the Export Import Bank from providing a guarantee or extending credit to a foreign borrower in connection with the export of goods or services by a U.S. company unless the U.S. company guarantees repayment of, and pledges collateral in an amount sufficient to cover, a percentage of the amount provided by the Bank and makes that guarantee senior to any other obligation. Amendment also provides an exception to this requirement for small businesses.
- Amendment Number
- 812
- Description
- An amendment printed in Part B of House Report 114-326 to prohibit the Export Import Bank from providing a guarantee or extending credit to a foreign borrower in connection with the export of goods or services by a U.S. company unless the U.S. company guarantees repayment of, and pledges collateral in an amount sufficient to cover, a percentage of the amount provided by the Bank and makes that guarantee senior to any other obligation. Amendment also provides an exception to this requirement for small businesses.
- Purpose
- Amendment sought to prohibit the Export-Import Bank from providing a guarantee or extending credit to a foreign borrower in connection with the export of goods or services by a U.S. company unless the U.S. company guarantees repayment of, and pledges collateral in an amount sufficient to cover, a percentage of the amount provided by the Bank and makes that guarantee senior to any other obligation. Amendment also sought to provide an exception to this requirement for small businesses.
- Congress
- 114
- Type
- HAMDT
- Latest Action Date
- Nov 4, 2015
- Latest Action Text
- On agreeing to the Rothfus amendment (A079) Failed by recorded vote: 115 - 313 (Roll no. 613).
- Latest Action Time
- 23:08:19
- Submitted Date
- Nov 4, 2015
- Chamber
- House of Representatives
- Update Date
- Dec 15, 2020