Amend the Export-Import Bank Act of 1945, Hearings Before the Subcommittee on International Finance of ..., 92-1 on S.19 and S.581 ..., March 8, 9, and 11, 1971. 1971 |
Common terms and phrases
$10 billion activities Administration agencies amendment American amount assets assistance authority BAFT balance of payments Bank's BECHTEL bill borrow budgetary buyers capital ceiling Chairman commercial banks Committee companies competitive competitors Congress Congressional Corporation cost countries credit insurance discount dollars domestic Eastern Europe economic effect Exim Eximbank expenditure export credit export expansion export sales Export-Import Bank Act facilities FCIA Federal Reserve fiscal flexibility funds guarantees and insurance Henry Kearns IBRD important increase industry institutions interest rates JOHN SPARKMAN June 30 legislation lending limitation loans major manufactured ment National Bank offered operations outlays overseas PEFCO percent President private banking problem programs proposed purchase rediscount Senator MONDALE Senator PACKWOOD Senator PROXMIRE Senator TAFT STAATS statement subsidy Task Force tion trade transactions Treasury U.S. export financing U.S. Government U.S. Senate unified budget United United Kingdom West Germany
Popular passages
Page 242 - States shall be first satisfied, and the priority hereby established shall extend as well to cases in which a debtor, not having sufficient property to pay all his debts, makes a voluntary assignment thereof, or in which the estate and effects of an absconding, concealed, or absent debtor are attached by process of law, as to cases in which an act of bankruptcy is committed.
Page 38 - It is the policy of the Congress that the Bank in the exercise of its functions should supplement and encourage and not compete with private capital...
Page 113 - States both ^A) to encourage trade with all countries with which we have diplomatic or trading relations, except those countries with which such trade has been determined by the President to be against the national interest...
Page 139 - borderline commercial transactions" are often reported as development assistance to the (DAC) Development Assistance Committee of the OECD (Organization for Economic Cooperation and Development), thus avoiding the Berne Union altogether. With uncertainty facing AID and its successor agencies, these problems have become critical for large capital goods exporters and engineering and construction companies who participate in big ticket projects.17 Similarly, smaller exporters, who would otherwise benefit...
Page 243 - To have given priority to debts due the United States pursuant to Title II, would have defeated the purpose of Congress. It not only would have prevented the reestablishment of railroad credit among bankers and investors, but it would even have seriously impaired the market value of outstanding railroad securities. It would have deprived the carriers of the credit commonly enjoyed from supplymen and others ; would have seriously embarrassed the carriers in their daily operations ; and would have...
Page 242 - Whenever any person Indebted to the United States Is insolvent, or whenever the estate of any deceased debtor, In the hands of the executors or administrators, is insufficient to pay all the debts due from the deceased, the debts due to the United States shall be first satisfied; and the priority established shall extend as well to cases In which a debtor, not having sufficient property to pay all his debts, makes a voluntary assignment thereof, or In which the estate and effects of an absconding,...
Page 32 - The receipts and disbursements of the corporation in the discharge of its functions shall not be included in the totals of the budget of the United States Government and shall be exempt from any general limitations imposed by statute on budget outlays of the United States.
Page 253 - Such obligations shall bear interest at a rate determined by the Secretary of the Treasury...
Page 112 - s contribution to export expansion, but also would assure compliance with the provision of its charter that "the Bank in the exercise of its functions should supplement and encourage and not compete with private capital.
Page 241 - The objects and purposes of the Bank shall be to aid in financing and to facilitate exports and imports and the exchange of commodities between the United States or any of its Territories or insular possessions and any foreign country or the agencies or nationals thereof.