H.R. 4863: United States Export Finance Agency Act of 2019

116th Congress · Sponsored from California · In committee

What this bill does

United States Export Finance Agency Act of 2019 This bill reauthorizes the U.S. Export-Import Bank through FY2029 and otherwise modifies its operations. Specifically, the bill redesignates the bank as the United States Export Finance Agency and increases its lending cap over the period of its reauthorization. In the event of a quorum lapse, the bill provides for the establishment of a temporary board to act in the stead of the Board of Directors. The bill also prohibits the agency from providing financing for certain specified entities and persons involved in sanctionable activities. Additionally, the agency must establish (1) the Office of Minority and Women Inclusion to increase the participation of such groups in the agency's programs and contracts; (2) the Office of Territorial Exporting to promote the export of goods and services from U.S. territories; and (3) the Office of Financing for Renewable Energy, Energy Efficiency and Energy Storage Exports to promote exports used in the production of renewable energy resources and energy efficiency technologies. Further, the agency is authorized to (1) deem as met certain prerequisite considerations to providing competitive export financing in the case of exports likely to be supported by official financing from China; and (2) establish a program under which it may enter into arrangements (i.e., reinsurance pools) to share risks associated with the extension of credit.

Key facts

• Status In committee
• Introduced 2019-10-28
• Policy area Foreign Trade and International Finance
• Cosponsors 22
• Latest action Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

Rep. Waters, Maxine [D-CA-43]

Lead sponsor · California

D

Who funds the sponsor?

Rep. Waters, Maxine [D-CA-43] introduced H.R. 4863. On Voterly you can see their top campaign donors from public Federal Election Commission records — individuals, PACs, and industry groups (follow the money) — and compare that with how they vote.

See Rep. Waters, Maxine [D-CA-43]'s donors & voting record →

Campaign donations show who helps fund the sponsor's election; they are not the same as who drafted or lobbied for the bill text. Lobbying disclosures are separate public records.

Take a position & compare alignment

Agree or disagree with H.R. 4863? Go to the homepage to record your view and compare your stance with how your representatives vote. See Rep. Waters, Maxine [D-CA-43]'s profile to vote on their bills and check your alignment % with the sponsor.

Read the official text on Congress.gov →