Protecting American Jobs and Exports Act

Protecting American Jobs and Exports Act - Amends the Export-Import Bank Act of 1945 to reauthorize the Export-Import Bank of the United States through FY2021.

Extends through FY2021 and gradually increases (with a specified exception) the Bank's aggregate outstanding loan, guarantee, and insurance authority.

Extends through FY2021 Bank authority to provide financing for the export of nonlethal defense articles or services whose primary end use will be for civilian purposes.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4950 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 4950

To reauthorize the Export-Import Bank of the United States for 7 years, 
                        and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 24, 2014

Mr. Heck of Washington (for himself, Mr. Barber, Mr. Barrow of Georgia, 
 Ms. Bass, Mrs. Beatty, Mr. Bera of California, Mr. Bishop of Georgia, 
Mr. Bishop of New York, Mr. Blumenauer, Ms. Bonamici, Ms. Bordallo, Mr. 
 Brady of Pennsylvania, Mr. Braley of Iowa, Ms. Brown of Florida, Ms. 
 Brownley of California, Mrs. Bustos, Mr. Butterfield, Mrs. Capps, Mr. 
     Capuano, Mr. Cardenas, Mr. Carney, Mr. Carson of Indiana, Mr. 
 Cartwright, Ms. Castor of Florida, Mr. Castro of Texas, Ms. Chu, Mr. 
  Cicilline, Ms. Clark of Massachusetts, Ms. Clarke of New York, Mr. 
 Clay, Mr. Cleaver, Mr. Clyburn, Mr. Cohen, Mr. Connolly, Mr. Conyers, 
  Mr. Cooper, Mr. Costa, Mr. Courtney, Mr. Crowley, Mr. Cuellar, Mr. 
Cummings, Mr. Danny K. Davis of Illinois, Mrs. Davis of California, Mr. 
   DeFazio, Ms. DeGette, Mr. Delaney, Ms. DeLauro, Ms. DelBene, Mr. 
    Deutch, Mr. Dingell, Mr. Doyle, Ms. Duckworth, Ms. Edwards, Mr. 
  Ellison, Mr. Engel, Mr. Enyart, Ms. Eshoo, Ms. Esty, Mr. Farr, Mr. 
   Fattah, Mr. Faleomavaega, Mr. Foster, Ms. Frankel of Florida, Ms. 
  Fudge, Ms. Gabbard, Mr. Gallego, Mr. Garamendi, Mr. Garcia, Mr. Al 
 Green of Texas, Mr. Gene Green of Texas, Mr. Grijalva, Mr. Gutierrez, 
   Ms. Hahn, Ms. Hanabusa, Mr. Hastings of Florida, Mr. Higgins, Mr. 
Himes, Mr. Hinojosa, Mr. Holt, Mr. Honda, Mr. Horsford, Mr. Hoyer, Mr. 
 Huffman, Mr. Israel, Ms. Jackson Lee, Mr. Jeffries, Ms. Eddie Bernice 
Johnson of Texas, Mr. Johnson of Georgia, Ms. Kaptur, Mr. Keating, Ms. 
Kelly of Illinois, Mr. Kennedy, Mr. Kildee, Mr. Kilmer, Mr. Kind, Mrs. 
 Kirkpatrick, Ms. Kuster, Mr. Langevin, Mr. Larsen of Washington, Mr. 
Larson of Connecticut, Ms. Lee of California, Mr. Levin, Mr. Lewis, Mr. 
Lipinski, Mr. Loebsack, Ms. Lofgren, Mr. Lowenthal, Mrs. Lowey, Mr. Ben 
Ray Lujan of New Mexico, Ms. Michelle Lujan Grisham of New Mexico, Mr. 
   Lynch, Mr. Maffei, Mrs. Carolyn B. Maloney of New York, Mr. Sean 
Patrick Maloney of New York, Mr. Matheson, Ms. Matsui, Mrs. McCarthy of 
New York, Ms. McCollum, Mr. McDermott, Mr. McGovern, Mr. McNerney, Mr. 
  Meeks, Ms. Meng, Mr. Michaud, Mr. George Miller of California, Ms. 
 Moore, Mr. Moran, Mr. Murphy of Florida, Mr. Nadler, Mrs. Napolitano, 
Mr. Neal, Mrs. Negrete McLeod, Mr. Nolan, Ms. Norton, Mr. O'Rourke, Mr. 
Owens, Mr. Pallone, Mr. Pascrell, Mr. Pastor of Arizona, Mr. Payne, Ms. 
     Pelosi, Mr. Perlmutter, Mr. Peters of Michigan, Mr. Peters of 
  California, Mr. Peterson, Mr. Pierluisi, Ms. Pingree of Maine, Mr. 
Pocan, Mr. Polis, Mr. Price of North Carolina, Mr. Quigley, Mr. Rangel, 
Mr. Richmond, Ms. Roybal-Allard, Mr. Ruiz, Mr. Ruppersberger, Mr. Rush, 
   Mr. Ryan of Ohio, Ms. Linda T. Sanchez of California, Ms. Loretta 
 Sanchez of California, Mr. Sarbanes, Ms. Schakowsky, Mr. Schiff, Mr. 
Schneider, Mr. Schrader, Ms. Schwartz, Mr. Scott of Virginia, Mr. David 
Scott of Georgia, Mr. Serrano, Ms. Sewell of Alabama, Ms. Shea-Porter, 
    Mr. Sherman, Ms. Sinema, Mr. Sires, Ms. Slaughter, Mr. Smith of 
  Washington, Ms. Speier, Mr. Swalwell of California, Mr. Takano, Mr. 
 Thompson of Mississippi, Mr. Thompson of California, Mr. Tierney, Ms. 
Titus, Mr. Tonko, Ms. Tsongas, Mr. Van Hollen, Mr. Vargas, Mr. Veasey, 
 Mr. Vela, Mr. Visclosky, Mr. Walz, Ms. Wasserman Schultz, Ms. Waters, 
    Mr. Waxman, Mr. Welch, Ms. Wilson of Florida, Mr. Yarmuth, Mr. 
McIntyre, Mr. Sablan, Mrs. Christensen, and Mr. Rahall) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
To reauthorize the Export-Import Bank of the United States for 7 years, 
                        and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Protecting American Jobs and Exports 
Act''.

SEC. 2. GENERAL EXTENSION OF AUTHORITY.

    Section 7 of the Export-Import Bank Act of 1945 (12 U.S.C. 635f) is 
amended by striking ``2014'' and inserting ``2021''.

SEC. 3. INCREASES IN LIMITATIONS ON OUTSTANDING LOANS, GUARANTEES, AND 
              INSURANCE.

    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:
            ``(2) Applicable amount.--In this subsection, the term 
        `applicable amount' means--
                    ``(A) during fiscal year 2014, $140,000,000,000;
                    ``(B) during fiscal year 2015, $145,000,000,000;
                    ``(C) during fiscal year 2016, $150,000,000,000;
                    ``(D) during fiscal year 2017, $155,000,000,000;
                    ``(E) during fiscal year 2018, $160,000,000,000;
                    ``(F) during fiscal year 2019, $165,000,000,000;
                    ``(G) during fiscal year 2020, $170,000,000,000; 
                and
                    ``(H) during fiscal year 2021, $175,000,000,000,
except that, with respect to each such fiscal year, if the rate 
calculated under section 8(g)(1) is more than 2 percent for the quarter 
ending with the beginning of the fiscal year, or for any quarter in the 
fiscal year, then the dollar amount in effect under this paragraph for 
the fiscal year shall be the amount so in effect for the then most 
recent fiscal year in which the rate never exceeded 2 percent.''.

SEC. 4. DUAL USE EXPORTS.

    Section 1(c) of Public Law 103-428 (12 U.S.C. 635 note) is amended 
by striking ``2014'' and inserting ``2021''.

SEC. 5. EFFECTIVE DATE.

    The amendments made by this Act shall take effect on October 1, 
2014.
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