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Strengthening Exports Against China Act
12/16/2024, 7:26 PM
Summary of Bill HR 10196
Bill 118 hr 10196, also known as the Export-Import Bank Act Amendment, aims to make changes to the Export-Import Bank Act of 1945. The main purpose of this bill is to exclude certain types of financing from being included in the calculation of the default rate. This is important because the default rate is used to determine when the lending cap under the Export-Import Bank Act applies.
By excluding certain types of financing from the default rate calculation, the bill seeks to ensure that the lending cap is not reached prematurely. This is important because the Export-Import Bank plays a crucial role in supporting American businesses by providing financing for exports. If the lending cap is reached too soon, it could limit the ability of the Export-Import Bank to support American businesses in the global market.
In addition to excluding certain financing from the default rate calculation, the bill also includes provisions for other purposes. These additional purposes are not specified in the summary, but may include other changes or updates to the Export-Import Bank Act. Overall, the Export-Import Bank Act Amendment is aimed at ensuring that the Export-Import Bank can continue to support American businesses by making necessary changes to the calculation of the default rate and other provisions of the Act.
By excluding certain types of financing from the default rate calculation, the bill seeks to ensure that the lending cap is not reached prematurely. This is important because the Export-Import Bank plays a crucial role in supporting American businesses by providing financing for exports. If the lending cap is reached too soon, it could limit the ability of the Export-Import Bank to support American businesses in the global market.
In addition to excluding certain financing from the default rate calculation, the bill also includes provisions for other purposes. These additional purposes are not specified in the summary, but may include other changes or updates to the Export-Import Bank Act. Overall, the Export-Import Bank Act Amendment is aimed at ensuring that the Export-Import Bank can continue to support American businesses by making necessary changes to the calculation of the default rate and other provisions of the Act.
Read the Full Bill
Current Status of Bill HR 10196
Bill HR 10196 is currently in the status of Bill Introduced since November 21, 2024. Bill HR 10196 was introduced during Congress 118 and was introduced to the House on November 21, 2024. Bill HR 10196's most recent activity was Referred to the House Committee on Financial Services. as of November 21, 2024
Bipartisan Support of Bill HR 10196
Total Number of Sponsors
3Democrat Sponsors
0Republican Sponsors
3Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
2Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 10196
Primary Policy Focus
Alternate Title(s) of Bill HR 10196
To amend the Export-Import Bank Act of 1945 to exclude certain financing from the calculation of the default rate for purposes of determining when the lending cap under such Act applies, and for other purposes.
To amend the Export-Import Bank Act of 1945 to exclude certain financing from the calculation of the default rate for purposes of determining when the lending cap under such Act applies, and for other purposes.
Comments
Johanna Stevenson
680
1 year ago
This bill gonna help us sell more stuff to China, which is good for our economy. But why do we have to rely on China so much in the first place? Who really benefits from this bill?
Sponsors and Cosponsors of HR 10196
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