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IL HR0385
Resolution
Status
6/1/2019
Primary Sponsor
Andre Thapedi
Click for details
AI Summary
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Encourages Congress to pass a long-term reauthorization of the Export-Import Bank before its charter expires on September 30, 2019
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Notes that the Export-Import Bank lacks a fully-functioning board, suspending its ability to approve deals worth more than $10 million
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Identifies Illinois-based companies Boeing, Caterpillar, and John Deere as major Export-Import Bank customers affected by the agency's limitations
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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)
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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