Sec. 402. Certain updated loan terms and amounts
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Section 2(a)(2)(A) of the Export-Import Bank Act of 1945 ( 12 U.S.C. 635(a)(2)(A) ) is amended— in clause (i), by striking ; and and inserting a semicolon; and by adding at the end the following: with principal amounts of not more than $25,000,000; and . 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 . 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 .
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 The amendments made by this section shall apply with respect to fiscal year 2016 and each fiscal year thereafter.
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- 12 USC 635i–5(a)(1)(A)
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