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.

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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
Amendment 812 — Informed