H.R. 3619 · 115th Congress

Increasing American Jobs and Exports Act

Stage
In committee
Sponsor
Raul Ruiz
Introduced
2017-07-28
Latest action
2017-07-28 · Introduced in House

Summary

Increasing American Jobs and Exports Act

This bill amends the Export-Import Bank Act of 1945 to authorize the Export-Import Bank of the United States, subject to appropriations, to use up to 3% of the bank's surplus, for each of the five fiscal years following enactment of this Act, to cover its administrative expenses.

The bank shall use at least one-third of that 3% of surplus to expand or establish bank regional offices.