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116TH CONGRESS
1ST SESSION H. R. 4450
To authorize the Export-Import Bank of the United States to use 3 percent
of its profits for administrative expenses.
IN THE HOUSE OF REPRESENTATIVES
SEPTEMBER 20, 2019
Mr. RUIZ introduced the following bill; which was referred to the Committee
on Financial Services
A BILL
To authorize the Export-Import Bank of the United States
to use 3 percent of its profits for administrative expenses.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Increasing American
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Jobs and Exports Act’’.
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•HR 4450 IH
SEC. 2. AUTHORITY OF THE EXPORT-IMPORT BANK TO USE
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3 PERCENT OF ITS PROFITS FOR ADMINIS-
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TRATIVE EXPENSES.
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Section 3 of the Export-Import Bank Act of 1945
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(12 U.S.C. 635a) is amended by adding at the end the
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following:
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‘‘(n) AUTHORITY TO USE PORTION OF BANK SUR-
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PLUS FOR ADMINISTRATIVE EXPENSES.—
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‘‘(1) AUTHORITY.—
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‘‘(A) IN GENERAL.—Subject to paragraph
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(2), in addition to any other amounts that the
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Bank may use to cover administrative expenses
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of the Bank, the Bank may use not more than
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3 percent of the surplus (as defined in sub-
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section (j)(2), without regard to subparagraph
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(B)(ii) of such subsection) of the Bank, for
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each fiscal year in the 5-year period beginning
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with the date of the enactment of this para-
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graph, to cover administrative expenses of the
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Bank.
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‘‘(B) USE
FOR
REGIONAL
OFFICES.—Of
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the amount of the surplus which may be used
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as provided in subparagraph (A), the Bank
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shall use at least 1⁄3 to expand or establish re-
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gional offices of the Bank.
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•HR 4450 IH
‘‘(2) SUBJECT TO APPROPRIATIONS.—The au-
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thority provided by paragraph (1) may be exercised
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only to such extent and in such amounts as are pro-
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vided in advance in appropriations Acts.’’.
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