[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4450 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 4450

   To authorize the Export-Import Bank of the United States to use 3 
          percent of its profits for administrative expenses.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 20, 2019

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

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                                 A BILL


 
   To authorize the Export-Import Bank of the United States to use 3 
          percent of its profits for administrative expenses.

    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 ``Increasing American Jobs and Exports 
Act''.

SEC. 2. AUTHORITY OF THE EXPORT-IMPORT BANK TO USE 3 PERCENT OF ITS 
              PROFITS FOR ADMINISTRATIVE EXPENSES.

    Section 3 of the Export-Import Bank Act of 1945 (12 U.S.C. 635a) is 
amended by adding at the end the following:
    ``(n) Authority To Use Portion of Bank Surplus for Administrative 
Expenses.--
            ``(1) Authority.--
                    ``(A) In general.--Subject to paragraph (2), in 
                addition to any other amounts that the Bank may use to 
                cover administrative expenses of the Bank, the Bank may 
                use not more than 3 percent of the surplus (as defined 
                in subsection (j)(2), without regard to subparagraph 
                (B)(ii) of such subsection) of the Bank, for each 
                fiscal year in the 5-year period beginning with the 
                date of the enactment of this paragraph, to cover 
                administrative expenses of the Bank.
                    ``(B) Use for regional offices.--Of the amount of 
                the surplus which may be used as provided in 
                subparagraph (A), the Bank shall use at least \1/3\ to 
                expand or establish regional offices of the Bank.
            ``(2) Subject to appropriations.--The authority provided by 
        paragraph (1) may be exercised only to such extent and in such 
        amounts as are provided in advance in appropriations Acts.''.
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