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IL HR0385

Resolution

Status

Passed

6/1/2019

Primary Sponsor

Andre Thapedi

Click for details

Origin

House of Representatives

101st General Assembly

AI Summary

  • Encourages Congress to pass a long-term reauthorization of the Export-Import Bank before its charter expires on September 30, 2019

  • Notes that the Export-Import Bank lacks a fully-functioning board, suspending its ability to approve deals worth more than $10 million

  • Identifies Illinois-based companies Boeing, Caterpillar, and John Deere as major Export-Import Bank customers affected by the agency's limitations

  • Compares the Export-Import Bank's $70 billion in exposure to other countries' export credit agencies: Japan and Korea ($187 billion), Canada/Germany/France/Italy/United Kingdom ($306 billion), and China ($363 billion)

  • Directs that copies of the resolution be delivered to Illinois' congressional delegation

Legislative Description

SUPPORT EXPORT-IMPORT BANK

Last Action

Added Co-Sponsor Rep. Dan Ugaste

6/1/2019

Committee Referrals

International Trade & Commerce5/23/2019
Rules5/17/2019

Full Bill Text

No bill text available