[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2565 Engrossed in House (EH)]


  1st Session

                               H. R. 2565

_______________________________________________________________________

                                 AN ACT

  To clarify the quorum requirement for the Board of Directors of the 
                Export-Import Bank of the United States.
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
106th CONGRESS
  1st Session
                                H. R. 2565

_______________________________________________________________________

                                 AN ACT


 
  To clarify the quorum requirement for the Board of Directors of the 
                Export-Import Bank of the United States.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CLARIFICATION OF QUORUM REQUIREMENT FOR THE EXPORT-IMPORT 
              BANK OF THE UNITED STATES.

    (a) In General.--Section 3(c)(6) of the Export-Import Bank Act of 
1945 (12 U.S.C. 635a(c)(6)) is amended to read as follows:
    ``(6) A quorum of the Board of Directors shall consist of at least 
three members.''.
    (b) Exception.--Notwithstanding section 3(c)(6) of the Export-
Import Bank Act of 1945, if, during the period that begins on July 21, 
1999, and ends on October 1, 1999, there are fewer than three persons 
holding office on the Board of Directors of the Export-Import Bank of 
the United States, the entire membership of such Board of Directors 
shall constitute a quorum until the end of such period.

            Passed the House of Representatives July 26, 1999.

            Attest:

                                                                 Clerk.