[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5424 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 5424

                  To create the Made-in-America Bank.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 9, 2014

 Mr. Grayson introduced the following bill; which was referred to the 
                    Committee on Financial Services

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                                 A BILL


 
                  To create the Made-in-America Bank.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Made-in-America Bank Act''.

SEC. 2. REDESIGNATION OF THE EXPORT-IMPORT BANK AS THE MADE-IN-AMERICA 
              BANK.

    (a) Redesignation.--Paragraph (1) of subsection (a) of section 2 of 
the Export-Import Bank Act of 1945 (12 U.S.C. 635(a)(1)) is amended by 
striking ``Export-Import Bank'' and inserting ``Made-in-America Bank''.
    (b) References.--Any reference in any law, map, regulation, 
document, paper, or other record of the United States to the Federal 
agency renamed in subsection (a) shall be deemed to be a reference to 
the ``Made-in-America Bank''.

SEC. 3. FINANCING MADE AVAILABLE TO AMERICAN ENTITIES PURCHASING 
              AMERICAN MADE GOODS.

    All guarantees, loans, insurance, and any other benefits 
historically provided by the Export-Import Bank may only be made to a 
domestic entity that is not majority-owned by any foreign person or 
entity and only for the purpose of acquiring goods or services made in 
America.

SEC. 4. EXTENSION OF AUTHORITY.

    Section 7 of the Export-Import Bank Act of 1945 (12 U.S.C. 635f) is 
amended by striking ``2014'' and inserting ``2016''.

SEC. 5. EFFECTIVE DATE.

    The amendments made by this Act shall take effect on October 1, 
2014, or the date of enactment of this Act, whichever is later.
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