United States Export Finance Agency Act of 2019

Nov. 15, 2019 | H.R. 4863

A healthy Export-Import Bank (Ex-Im Bank) is pivotal to the creation and sustainability of U.S. jobs in manufacturing, as well as increasing U.S. exports, thereby improving the balance of trade between the U.S. and high export countries. This legislation reauthorizes the Export-Import Bank for the next ten years and would gradually increase the bank’s lending authority by $40 billion, resulting in an expansion of projects. Although the bill would rename the Export-Import Bank as the “United States Export Finance Agency,” its intended mission “to assist in financing the export of U.S. goods and services” would remain unchanged. The legislation also includes provisions that reform the Bank’s quorum rules that have severely limited the Bank’s viability in recent years. This bill passed the House on Nov. 15, 2019.

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