Pub. L. 114-94, div. E, tit. LIV, sec. 54002 (as amended)

CERTAIN UPDATED LOAN TERMS AND AMOUNTS.

Year: 2023Length: 233 wordsOfficial source
SEC. 54002. CERTAIN UPDATED LOAN TERMS AND AMOUNTS. (a) Loan Terms for Medium-Term Financing.—Section 2(a)(2)(A) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(a)(2)(A)) is amended— (1) in clause (i), by striking “; and” and inserting a semicolon; and (2) by adding at the end the following: “(iii) with principal amounts of not more than $25,000,000; and” . (b) Competitive Opportunities Relating to Insurance.—Section 2(d)(2) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(d)(2)) is amended by striking “$10,000,000” and inserting “$25,000,000”. (c) Export Amounts for Small Business Loans.—Section 3(g)(3) of the Export-Import Bank Act of 1945 (12 U.S.C. 635a(g)(3)) is amended by striking “$10,000,000” and inserting “$25,000,000”. (d) Consideration of Environmental Effects.—Section 11(a)(1)(A) of the Export-Import Bank Act of 1945 (12 U.S.C. 635i-5(a)(1)(A)) is amended by striking “$10,000,000 or more” and inserting the following: “$25,000,000 (or, if less than $25,000,000, the threshold established pursuant to international agreements, including the Common Approaches for Officially Supported Export Credits and Environmental and Social Due Diligence, as adopted by the Organisation for Economic Co-operation and Development Council on June 28, 2012, and the risk-management framework adopted by financial institutions for determining, assessing, and managing environmental and social risk in projects (commonly referred to as the ‘Equator Principles’)) or more”. (e) [12 U.S.C. 635 note] Effective Date.—The amendments made by this section shall apply with respect to fiscal year 2016 and each fiscal year thereafter.
Cross-references to the US Code
12 U.S.C. 635 note
Pub. L. 114-94, div. E, tit. LIV, sec. 54002 (as amended): CERTAIN UPDATED LOAN TERMS AND AMOUNTS. | Justis AI