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







106th CONGRESS
  1st Session
                                H. R. 2565

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 20, 1999

 Mr. Leach (for himself, Mr. Callahan, and Mr. Metcalf) introduced the 
  following bill; which was referred to the Committee on Banking and 
                           Financial Services

_______________________________________________________________________

                                 A BILL


 
  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 
3 members.''.
    (b) Exception.--Notwithstanding section 3(c)(6) of the Export-
Import Bank Act of 1945, if, during the period that begins with July 
21, 1999, and ends with February 1, 2000, there are fewer than 3 
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.
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