Export-Import Banks Economic Impact Procedures: An Overview (CRS Report for Congress)
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| Release Date |
Nov. 25, 2002 |
| Report Number |
RL31646 |
| Report Type |
Report |
| Authors |
James K. Jackson, Foreign Affairs, Defense, and Trade Division |
| Source Agency |
Congressional Research Service |
Summary:
On June 14, 2002, President Bush signed P.L. 107-189 (S. 1372), the Export-Import Bank Reauthorization Act of 2002. This Act made a number of changes to the Banks charter, including changes in the way the Bank conducts its economic impact analysis. These changes prohibit the Bank from providing loans or guarantees for exports of goods, primarily capital equipment, that foreign firms can use to increase their production of goods that are substantially the same as products that are subject to a countervailing or antidumping duty order under title VII of the Tariff Act of 1930, or a determination under title II (escape clause relief) of the Trade Act of 1974. The Bank is also required to develop a set of policies regarding exports of equipment that foreign firms can use in the production of items that are subject to a preliminary, rather than a final, injury determination. As a result of these changes, the Bank issued a draft of its revised economic impact procedures on September 6, 2002 and is soliciting public comments before it finalizes those procedures.
