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95th Congress > House > Vote 604
Sponsor: NEAL, Stephen Lybrook (D-NC)
Description: TO AGREE TO THE CONFERENCE REPORT ON H.R. 6415, THE BILL EXTENDING THE LIFE OF PROGRAMS OF THE EXPORT-IMPORT BANK UNTIL SEPT. 30, 1978.
Bill summary: (Conference report filed in House, H. Rept. 95-627)
Amends the Export-Import Bank Act of 1945 to require the Board of Directors of the Export-Import Bank to consider the observance of human rights in the extension of loans and guarantees. Directs the Bank to seek an agreement with other government agencies to reduce and eliminate government-supported export financing.
Requires the Secretary of State to report to the appropriate Congressional committees and to the Bank upon a determination by
the Secretary that a country has violated (1) the nuclear safeguards of the International Atomic Energy Agency, or (2) a safeguard agreement with the United States concerning civil use of nuclear energy, or (3) that a non-nuclear state has detonated a nuclear explosive device. Prohibits the Bank to approve credit to such country unless the President determines that such credit approval is in the national interest and reports this determination to Congress.
Prohibits the bank from guaranteeing, insuring, or extending credit in connection with the purchase of any liquid metal fast breeder nuclear reactor or any nuclear fuel reprocessing facility.
Extends the authority of the Export-Import Bank to September 30, 1978.
Bill titles: A bill to extend and amend the Export-Import Bank Act of 1945.
Original source documents: Digest of the Congressional Record vol. 123-166, p. 11000;
Links for more info on the vote: congress.gov
