A bill to extend the authority of the Export-Import Bank until May 31, 2002.
Latest Action
Became Public Law No: 107-168.
Official Summary
Declares that the Export-Import Bank of the United States shall continue to exercise its functions through May 31, 2002.
GovScope Watchdog™
AI Government Intelligence™This bill extends the authority of the Export-Import Bank of the United States to continue its operations and functions until May 31, 2002. The Export-Import Bank is a government agency that provides financial assistance, such as loans and guarantees, to support U.S. exports and international trade. The extension allows the Bank to maintain its role in facilitating foreign trade and international finance during the specified period.
The bill legally authorizes the Export-Import Bank to operate through May 31, 2002, ensuring continuity of its export financing activities.
- Extends the Export-Import Bank's authority to operate until May 31, 2002.
- Maintains the Bank's ability to provide financial support for U.S. exports.
- Supports ongoing U.S. foreign trade and international finance activities.
['Export-Import Bank of the United States', 'U.S. exporters and businesses engaged in international trade', 'Foreign buyers of U.S. goods and services', 'Financial institutions involved in export financing']
['The bill does not specify any changes to oversight or reporting requirements during the extension period.', 'Potential budgetary or fiscal impacts related to continued operations are not detailed in the summary or text.', "The short extension period may require further legislative action to continue the Bank's authority beyond May 31, 2002."]
The bill was introduced and passed in the 107th Congress and was signed into law on May 1, 2002, as Public Law No: 107-168. It reflects a routine legislative action to extend the operational authority of a federal agency involved in foreign trade finance. The Export-Import Bank's authority requires periodic renewal by Congress.
Hidden impact flags detected: 1
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["By extending the Export-Import Bank's authority, U.S. exporters may continue to access financing support, potentially sustaining export activity and international trade relationships during the extension period.", 'The short extension may create uncertainty for stakeholders if further renewals are required, possibly affecting long-term planning for export financing.']
The bill text is not provided, limiting detailed analysis of specific provisions or oversight mechanisms. The extension is a routine legislative measure, but the short duration highlights the importance of monitoring subsequent legislative actions to ensure continued agency authority. Transparency around budgetary impacts and oversight during the extension period is not detailed in the available information.
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