[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2565 Referred in Senate (RFS)]

  1st Session
                                H. R. 2565


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                   IN THE SENATE OF THE UNITED STATES

                             July 27, 1999

Received; read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

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                                 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:

                                                 JEFF TRANDAHL,

                                                                 Clerk.