Sec. 101. Limitations on outstanding loans, guarantees, and insurance
243 words·~1 min read·
/bill/114/s/824/is/section-101A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 6(a)(2) of the Export-Import Bank Act of 1945 ( 12 U.S.C. 635e(a)(2) ) is amended to read as follows: In paragraph (1), the term applicable amount means, for fiscal year 2015 and each fiscal year thereafter, $140,000,000,000, except that— the applicable amount for fiscal years 2016 and 2017 shall be $145,000,000,000 if the rate calculated under section 8(g)(1) of this Act is less than 2 percent for the quarter ending with the beginning of the fiscal year, or for any quarter in the fiscal year; notwithstanding subparagraph (A), the applicable amount for fiscal years 2018 and 2019 shall be $150,000,000,000 if the rate calculated under section 8(g)(1) of this Act is less than 2 percent for the quarter ending with the beginning of the fiscal year, or for any quarter in the fiscal year; notwithstanding subparagraphs
(A)and (B), the applicable amount for fiscal years 2020 and 2021 shall be $155,000,000,000 if the rate calculated under section 8(g)(1) of this Act is less than 2 percent for the quarter ending with the beginning of the fiscal year, or for any quarter in the fiscal year; and notwithstanding subparagraphs (A), (B), and (C), the applicable amount for fiscal year 2022 and each fiscal year thereafter shall be $160,000,000,000 if the rate calculated under section 8(g)(1) of this Act is less than 2 percent for the quarter ending with the beginning of the fiscal year, or for any quarter in the fiscal year. .
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 101
Limitations on outstanding loans, guarantees, and insurance
Cites 1Cited by 0 across 0 sources