3.0.0 4302 2023-01-11T13:32:26Z 2023-01-11T13:32:26Z House HR 2015-12-18 114 [Congressional Record Volume 161, Number 185 (Friday, December 18, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GRAVES of Louisiana:H.R. 4302.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 1[Page H10711]]]> hsba00 Financial Services Committee House Standing Referred to 2015-12-18T14:00:27Z Export-Import Bank Termination Act 114 1605 HR 2015-03-25 Referred to the House Committee on Financial Services. Related bill CRS 2015-12-18 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2015-12-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-12-18 Introduced in House IntroReferral 1000 9 Library of Congress G000577 Rep. Graves, Garret [R-LA-6] Garret Graves R LA 6 N Foreign Trade and International Finance Competitiveness, trade promotion, trade deficits Congressional oversight Department of the Treasury Economic performance and conditions Executive agency funding and structure Export-Import Bank of the United States Government lending and loan guarantees Trade agreements and negotiations Unemployment Foreign Trade and International Finance 00 2015-12-18 Introduced in House 2016-04-22T20:55:38Z Entering Negotiations to Dissolve Outdated Financial Agencies Nationalizing Export Related Activities or the END OF AN ERA Act

This bill directs the Department of the Treasury to seek to enter into negotiations with other countries for the mutual elimination of government-backed export credit agencies.

Treasury shall submit: (1) annual reports on progress made in arranging such negotiations, on progress made in any such negotiations, and on whether eliminating the Export-Import Bank of the United States at the time of the report would put the United States at a competitive disadvantage; and (2) a certification of any determination that the Bank can be eliminated in a way that would not put the United States at a competitive disadvantage, considering job losses and a decrease in economic activity.

After such a determination is submitted, the Bank may not accept an application for, or enter into a contract that would obligate the Bank to provide, a loan, insurance, or a guarantee or to participate in an extension of credit by another entity.

The Bank shall be abolished 180 days after Treasury submits such a certification and its functions transferred to Treasury. All such transferred functions shall terminate on the date all obligations of the Bank, and all obligations of others to the Bank, in effect immediately before the abolishment date have been satisfied.

The bill repeals the Export-Import Bank Act of 1945 and eliminates related authorizing provisions of various statutes.

]]> END OF AN ERA Act Display Title END OF AN ERA Act Official Title as Introduced To require the Secretary of the Treasury to pursue with other countries the goal of the mutual elimination of government-backed export credit agencies, and to provide for the abolishment of the Export-Import Bank of the United States if doing so would not put the United States at a competitive disadvantage. Introduced in House IH Short Titles as Introduced END OF AN ERA Act Short Titles as Introduced Entering Negotiations to Dissolve Outdated Financial Agencies Nationalizing Export Related Activities Introduced in House 2015-12-18T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4302ih/xml/BILLS-114hr4302ih.xml 2015-12-18 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.