Sec. 3. Reductions of authorities before abolishment
115 words·~1 min read·
/bill/113/s/1102/is/section-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding any other provision of law, the Export-Import Bank of the United States (in this Act referred to as the Bank ) may not accept an application for a loan, insurance, or a guarantee, and may not participate in an extension of credit by another entity after the 30-day period that begins on the date of the enactment of this Act. Notwithstanding any other provision of law, the Bank may not renew or enter into a contract that obligates the Bank to provide a loan, insurance, or a guarantee, or to participate in an extension of credit by another entity after the 12-month period that begins on the date of the enactment of this Act.