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Protecting American Jobs and Exports Act

H.R. 4950 · 113th Congress · Jun 24, 2014 · Lineage

A BILL

To reauthorize the Export-Import Bank of the United States for 7 years, and for other purposes.

Section 1 Short title

This Act may be cited as the “Protecting American Jobs and Exports Act”.

Sec. 2 General extension of authority

Section 7 of the Export-Import Bank Act of 1945 (12 U.S.C. 635f) is amended by striking “2014” and inserting “2021”.

Sec. 3 Increases in limitations on outstanding loans, guarantees, and insurance

Section 6(a)(2) of the Export-Import Bank Act of 1945 (12 U.S.C. 635e(a)(2)) is amended to read as follows:

“(2) Applicable amount—In this subsection, the term applicable amount means—

“(A) during fiscal year 2014, $140,000,000,000;

“(B) during fiscal year 2015, $145,000,000,000;

“(C) during fiscal year 2016, $150,000,000,000;

“(D) during fiscal year 2017, $155,000,000,000;

“(E) during fiscal year 2018, $160,000,000,000;

“(F) during fiscal year 2019, $165,000,000,000;

“(G) during fiscal year 2020, $170,000,000,000; and

“(H) during fiscal year 2021, $175,000,000,000,”

Sec. 4 Dual use exports

Section 1(c) of Public Law 103–428 (12 U.S.C. 635 note) is amended by striking “2014” and inserting “2021”.

Sec. 5 Effective date

The amendments made by this Act shall take effect on October 1, 2014.