12 U.S.C. 635: Powers and functions of Bank

2019

• Pub. L. 116–94, §403, added subcl. (I) and struck out former subcl. (I) which read as follows: "It is further the policy of the United States to encourage the participation of small business in international commerce." (Further Consolidated Appropriations Act, 2020) Law text · (b)
• Pub. L. 116–94, §405, inserted at end "For the purpose of calculating the amounts of authority required under this clause, the Bank shall, with respect to insurance, exclude unutilized authorizations that terminated during the fiscal year." (Further Consolidated Appropriations Act, 2020) Law text · (b)
• Pub. L. 116–94, §404(a), substituted "30" for "25". (Further Consolidated Appropriations Act, 2020) Law text · (b)
• Pub. L. 116–94, §407, inserted before period at end ", energy efficiency (including battery electric vehicles, batteries for electric vehicles, and electric vehicle charging infrastructure), and energy storage. It shall be a goal of the Bank to ensure that not less than 5 percent… (Further Consolidated Appropriations Act, 2020) Law text · (b)
• Pub. L. 116–94, §406(1), inserted before period at end ", and shall deny an application for assistance if the end user, borrower, lender, or exporter has been convicted of an act of fraud or corruption in connection with an application for support from the Bank made in the preceding 5 … (Further Consolidated Appropriations Act, 2020) Law text · (f)
• Pub. L. 116–94, §406(2), substituted "shall require" for "should require". (Further Consolidated Appropriations Act, 2020) Law text · (i)
• Pub. L. 116–94, §402(a), added subsec. (l). (Further Consolidated Appropriations Act, 2020) Law text · (l)

2015

• Pub. L. 114–94, §54002(a), added cl. (iii). (Fixing America's Surface Transportation Act" or the "FAST Act) Law text · (a)
• Pub. L. 114–94, §52001(a), substituted "25 percent" for "20 percent". (Fixing America's Surface Transportation Act" or the "FAST Act) Law text · (b)
• Pub. L. 114–94, §53001, added subpar. (M). (Fixing America's Surface Transportation Act" or the "FAST Act) Law text · (b)
• Pub. L. 114–94, §54001(c), substituted "the date on which the authority of the Bank expires under section 635f of this title" for "September 30, 2014". (Fixing America's Surface Transportation Act" or the "FAST Act) Law text · (b)
• Pub. L. 114–94, §54002(b), substituted "$25,000,000" for "$10,000,000". (Fixing America's Surface Transportation Act" or the "FAST Act) Law text · (d)
• Pub. L. 114–94, §55001, added subsec. (k). (Fixing America's Surface Transportation Act" or the "FAST Act) Law text · (k)

2012

• Pub. L. 112–122, §22, redesignated subcls. (II), (III), (V), (VI), (VIII), and (IX) as (I) to (VI), respectively, and struck out subcls. (I), (IV), and (VII) which deemed Cambodian People's Republic, Lao People's Democratic Republic, and Socialist Federal Republic of Yugoslav… Law text · (b)
• Pub. L. 112–122, §23, substituted "2014" for "2011". Law text · (b)
• Pub. L. 112–122, §12(b), added subpar. (E) and redesignated former subpars. (E) and (F) as (F) and (G), respectively. Law text · (e)
• Pub. L. 112–122, §7, added subsec. (i). Law text · (i)
• Pub. L. 112–122, §8, added subsec. (j). Law text · (j)

2006

• Pub. L. 109–438, §13(b), (c), inserted ", including countries the governments of which are not members of the Arrangement (as defined in section 635i–3(h)(3) of this title)" after "United States exporters" in second sentence and struck out fourth to twelfth sentences which relate… Law text · (b)
• Pub. L. 109–438, §14(b), inserted at end "From the amount made available under the preceding sentence, it shall be a goal of the Bank to increase the amount made available to finance exports directly by small business concerns referred to in section 635a(i)(1) of this title." Law text · (b)
• Pub. L. 109–438, §6(b)(2), inserted "or other financing institutions or entities" after "consortia". Law text · (b)
• Pub. L. 109–438, §3(a), substituted "2011" for "2006". Law text · (b)
• Pub. L. 109–438, §3(b)(2), (c), added subpars. (C) and (D). Law text · (b), (D)
• Pub. L. 109–438, §11, added par. (13). Law text · (b)
• Pub. L. 109–438, §7(1), inserted concluding provisions. Law text · (e)
• Pub. L. 109–438, §8(b), inserted "of not less than 14 days (which, on request of any affected party, shall be extended to a period of not more than 30 days)" after "comment period". Law text · (e)
• Pub. L. 109–438, §7(2), added subpar. (E). Law text · (e)
• Pub. L. 109–438, §§5, 7(3), 8(a), added pars. (5) to (7). Law text · (e)
• Pub. L. 109–438, §12, added subsecs. (g) and (h). Law text · (g), (h)

2002

• Pub. L. 107–189, §2, substituted "The objects and purposes of the Bank shall be to aid in financing and to facilitate exports of goods and services, imports, and the exchange of commodities and services between the United States or any of its territories or insular possessions and a… Law text · (a)
• Pub. L. 107–189, §§11, 13(b), substituted "not later than June 30 of each year" for "on an annual basis" in fourth sentence, inserted "(including through use of market windows)" after "which foreign exporters compete with the United States exporters" in fifth sentence, inserted "… Law text · (b)
• Pub. L. 107–189, §§15, 17, 21, 24(a)(1), substituted "Committee on Financial Services of the House of Representatives" for "Committee on Banking and Financial Services of the House of Representatives" and inserted "(including, when relevant, a foreign nation's lack of cooperation… Law text · (b)
• Pub. L. 107–189, §7(b), inserted ", with particular emphasis on conducting outreach and increasing loans to socially and economically disadvantaged small business concerns (as defined in section 637(a)(4) of title 15), small business concerns (as defined in section 632(a… Law text · (b)
• Pub. L. 107–189, §7(a), substituted "20 percent" for "10 percent". Law text · (b)
• Pub. L. 107–189, §8(a), added cl. (x). Law text · (b)
• Pub. L. 107–189, §24(b)(1), made technical amendment to reference in original act which appears in text as reference to section 5402 of title 22. Law text · (b), (iii)
• Pub. L. 107–189, §8(b), added subpar. (J). Law text · (b)
• Pub. L. 107–189, §13(a), added subpar. (K). Law text · (b)
• Pub. L. 107–189, §19, added subpar. (L). Law text · (b)
• Pub. L. 107–189, §24(a)(2)(A), substituted "Committee on Financial Services of the House of Representatives" for "Committee on Banking, Finance and Urban Affairs of the House of Representatives". Law text · (b)
• Pub. L. 107–189, §24(b)(3), substituted "internationally" for "international". Law text · (b)
• Pub. L. 107–189, §24(a)(2)(B), substituted "Committee on Financial Services of the House of Representatives" for "Committee on Banking, Finance and Urban Affairs of the House of Representatives". Law text · (b)
• Pub. L. 107–189, §24(a)(2)(C), (D), substituted "Committees on Financial Services" for "Committees on Banking, Finance and Urban Affairs". Law text · (b), (iii)
• Pub. L. 107–189, §6(b), inserted ", in consultation with the Secretary of Commerce and the Trade Promotion Coordinating Committee," after "shall". Law text · (b)
• Pub. L. 107–189, §6(a), amended cl. (iii) generally. Prior to amendment, cl. (iii) read as follows: "The advisory committee shall terminate 4 years after November 26, 1997." Law text · (b)
• Pub. L. 107–189, §24(b)(2), realigned margins. Law text · (b)
• Pub. L. 107–189, §18, substituted "Paragraphs (1) and (2)" for "Paragraph (1)" in par. (2), added a new par. (2), and redesignated former pars. (2) and (3) as (3) and (4), respectively. Law text · (e)
• Pub. L. 107–189, §16, added subsec. (f). Law text · (f)

2000

• Pub. L. 106–569, §1103(d)(1), substituted "The Bank shall, on an annual basis, report" for "The Bank shall, on a annual basis, report" and inserted at end "The annual report required under this subparagraph shall include the report required under section 635i–3(g) of this title." (American Homeownership and Economic Opportunity Act of 2000) Law text · (b)
• Pub. L. 106–569, §1104(a)(1), struck out "(i)" after "(D)" and struck out cl. (ii) which read as follows: "The Bank shall include in its annual report a summary of its programs regarding the export of services." (American Homeownership and Economic Opportunity Act of 2000) Law text · (b)
• Pub. L. 106–569, §1104(a)(2), struck out at end "The Bank shall include in the report to Congress under section 635g(a) of this title a description of the measures undertaken by it pursuant to this subsection." (American Homeownership and Economic Opportunity Act of 2000) Law text · (b)

1997

• Pub. L. 105–121, §10, in first sentence, substituted "real income, a commitment to reinvestment and job creation, and the increased development of the productive resources of the United States" for "real income and to the increased development of the productive resources of the U… Law text · (b)
• Pub. L. 105–121, §11, inserted "(including child labor)" after "human rights" in penultimate sentence. Law text · (b)
• Pub. L. 105–121, §5(2), inserted at end "Each such determination shall be delivered in writing to the President of the Bank, shall state that the determination is made pursuant to this section, and shall specify the applications or categories of applications for credit which should be denied by the… Law text · (b)
• Pub. L. 105–121, §5(1), in penultimate sentence, inserted ", after consultation with the Committee on Banking and Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate," after "President". Law text · (b)
• Pub. L. 105–121, §9, added subpar. (I). Law text · (b)
• Pub. L. 105–121, §7(a), added par. (9). Law text · (b)
• Pub. L. 105–121, §12, added par. (12). Law text · (b)

1996

• Pub. L. 104–201 amended par. (4) generally, restating provisions of former single par. as subpars. (A) to (F) with addition of provisions relating to persons knowingly aiding or abetting non-nuclear-weapon states to acquire nuclear explosive devices or unsafeguarded special nuclear … (National Defense Authorization Act for Fiscal Year 1997) Law text · (b)

1994

• Pub. L. 103–236 inserted "(as defined in section 6305(4) of title 22), or that any country has willfully aided or abetted any non-nuclear-weapon state (as defined in section 6305(5) of title 22) to acquire any such nuclear explosive device or to acquire unsafeguarded special nuclear… · (b)
• Pub. L. 103–447 substituted "defined in section 2291(e) of title 22" for "determined under section 2291j(h) or 2291(e), as appropriate, of title 22". · (b)
• Pub. L. 103–428, §1(b), (c), temporarily inserted "or described in subparagraph (I)(i)" before period at end of first sentence. See Effective and Termination Dates of 1994 Amendments note below. · (b)
• Pub. L. 103–428, §1(a), (c), temporarily added subpar. (I). See Effective and Termination Dates of 1994 Amendments note below. · (b)

1993

• Pub. L. 103–149 struck out par. (9) which prohibited the Bank from taking certain actions with respect to business affecting Republic of South Africa. · (b)

1992

• Pub. L. 102–429, §121(a)(1), struck out "(A) In general.—" before "To enhance the medium-term", redesignated cls. (i) to (iv) as subpars. (A) to (D), respectively, and struck out former subpar. (B) which read as follows: "Report required.—Not later than April 15, 1988, the Bank shal… · (a)
• Pub. L. 102–429, §121(a)(2), added sentence at end and struck out former last sentence which read as follows: "The Bank shall also include in the annual report a description of each loan by the Bank involving the export of any product or service related to the production, refinin… · (b)
• Pub. L. 102–429, §104, inserted after first semicolon in fifth sentence "that the Bank, in determining whether to provide support for a transaction under the loan, guarantee, or insurance program, or any combination thereof, shall consider the need to involve private capital in s… · (b)
• Pub. L. 102–429, §121(a)(3), substituted "not less than 10 percent of such authority for each fiscal year." for "not less than— · (b)
• Pub. L. 102–429, §116, inserted "directly" after "to finance exports". · (b)
• Pub. L. 102–429, §114, added subpar. (H). · (b)
• Pub. L. 102–429, §110, amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: · (b)
• Pub. L. 102–583, §12(c)(1)(A), which directed the substitution of ", except as otherwise provided in subparagraph (B)." for "designated" and all that follows through the end of the subparagraph could not be executed because the words did not appear subsequent to the amendment by … · (b)
• Pub. L. 102–429, §112(d)(1), struck out before period at end "designated under section 4916 of title 26 as an economically less developed country for purposes of the tax imposed by section 4911 of title 26. The prohibitions set forth in this subparagraph shall not apply with respect to any transact… · (b)
• Pub. L. 102–429, §112(d)(2)(A), struck out ", and section 32 of the Arms Export Control Act," after "Subparagraph (A)". · (b)
• Pub. L. 102–583, §6(c)(1), substituted "section 2291j(e) of title 22" for "section 2291(h)(5) of title 22". · (b)
• Pub. L. 102–429, §112(a)(1), (2), (d)(2)(B), inserted "and" at end of cl. (iv) and substituted "articles or services." for "articles and services; and" at end of cl. (v). · (b), (v)
• Pub. L. 102–583, §12(a), which directed the substitution of "1997" for "1992" in cl. (vi), could not be executed because cl. (vi) was struck out by Pub. L. 102–429, §112(a)(3). See below. · (b)
• Pub. L. 102–429, §112(a)(3), struck out cl. (vi) which read as follows: "the sale is made on or before September 30, 1992." · (b)
• Pub. L. 102–583, §6(c)(2), substituted "determined under section 2291j(h) or 2291(e), as appropriate, of title 22" for "defined in section 2291(i) of title 22". · (b)
• Pub. L. 102–429, §112(b), (d)(3), struck out "and" at end of subcl. (I), added subcl. (II), redesignated former subcl. (II) as (III), and substituted "determinations have" for "determination has" in subcl. (III). · (b)
• Pub. L. 102–429, §112(d)(4), substituted "clause" for "sentence" before period at end. · (b)
• Pub. L. 102–429, §112(d)(5), substituted "or services" for "and services". · (b)
• Pub. L. 102–429, §112(c), added subpar. (H). · (b)
• Pub. L. 102–429, §111, redesignated par. (12) as (11), substituted "The President" for "Notwithstanding any determination by the President under paragraph (2) or (11), the", and struck out former par. (11) which read as follows: "Prohibition Relating to Angola.—Notwithstandin… · (b), (12)
• Pub. L. 102–429, §109(a), amended par. (1) generally. Prior to amendment, par. (1) read as follows: "The Bank is authorized and empowered to charge against the limitations imposed by section 635e of this title, not less than 25 per centum of the related contractual liability which t… · (c)
• Pub. L. 102–429, §105, designated existing provisions as subpar. (A), inserted heading, and added subpar. (B). · (c)
• Pub. L. 102–429, §107, added pars. (2) to (5) and struck out former pars. (2) and (3) which read as follows: · (d)
• Pub. L. 102–429, §121(a)(4), struck out subsec. (f) which related to interest subsidy payments. · (f)

1991

• Pub. L. 102–145, §121(2), (3), as added by Pub. L. 102–266, amended par. (3) in introductory provisions by redesignating cl. (iii) as (ii) and striking out "(ii) in an amount which equals or exceeds $25,000,000 for the export of goods or services involving research, exploration, or … · (b)

1990

• Pub. L. 101–513 and Pub. L. 101–623 amended cl. (vi) identically, substituting "1992" for "1990". · (b)

1989

• Pub. L. 101–240, §101(c), substituted "Subject to regulations which the Bank shall issue pursuant to section 553 of title 5, the Bank may" for "The Bank may" in sixth sentence and inserted before period ", and may accept reimbursement for travel and subsistence expenses incurred by … · (a)
• Pub. L. 101–240, §101(d), substituted "subparagraphs (B), (C), (D), and (F)" for "this paragraph". · (b)
• Pub. L. 101–240, §102, added par. (12). · (b)
• Pub. L. 101–240, §101(a)(1), redesignated par. (3) as (2) and struck out former par. (2) which read as follows: "Authority to make payments subject to minimum amount of direct loan authority.—The authority to enter into commitments to make interest subsidy payments under paragraph (… · (f)
• Pub. L. 101–240, §101(a)(1), (2), redesignated par. (4) as (3) and amended it generally. Prior to amendment, such par. read as follows: · (f)
• Pub. L. 101–240, §101(a)(1), (3), redesignated par. (5) as (4) and substituted "1991" for "1988". Former par. (4) redesignated (3). · (f), (5)

1988

• Pub. L. 100–690 designated existing provision as subpar. (A), substituted "subparagraph" for "paragraph", and added subpars. (B) to (G). · (b)
• Pub. L. 100–418, §3304(a), substituted "commodity will first be sold" for "productive capacity is expected to become operative". · (e)
• Pub. L. 100–418, §3304(b), substituted "short- and long-term injury" for "injury" and "producers and employment" for "producers". · (e)
• Pub. L. 100–418, §3304(c), added par. (3). · (e)

1986

• Pub. L. 99–472, §2, inserted provisions which related to imposition and collection of reasonable fees by Bank to cover costs of conferences and seminars sponsored, and publications provided, by Bank, and credit of amounts thus received to fund which initially paid for such activitie… · (a)
• Pub. L. 99–472, §4, added par. (3). · (a)
• Pub. L. 99–472, §§3, 5, substituted "need not be identical in all respects to those" for "need not be equivalent to those" and inserted provisions which prohibited Bank from imposing credit application fee unless Bank's fee is competitive with average fee charged by Bank's primar… · (b)
• Pub. L. 99–472, §6, added cl. (ix). · (b)
• Pub. L. 99–472, §7, added subpar. (G). · (b)
• Pub. L. 99–472, §8, amended par. (2) generally. Prior to amendment, par. (2) read as follows: "The Bank in the exercise of its functions shall not guarantee, insure, or extend credit, or participate in any extension of credit— · (b)
• Pub. L. 99–514 substituted "Internal Revenue Code of 1986" for "Internal Revenue Code of 1954", which for purposes of codification was translated as "title 26" thus requiring no change in text. · (b)
• Pub. L. 99–440 designated existing provisions of par. (9) as subpar. (A), substituted "Except as provided in subparagraph (B), in no event" for "In no event", and added subpar. (B). · (b)
• Pub. L. 99–472, §9, added par. (11). · (b)
• Pub. L. 99–472, §10, added par. (3). · (c)
• Pub. L. 99–472, §§11, 20(a), added subsecs. (e) and (f). · (e), (f)

1983

• Pub. L. 98–181, §616(a)(1), substituted "the exchange of commodities and services" for "the exchange of commodities". · (a)
• Pub. L. 98–181, §622, added par. (2). · (a)
• Pub. L. 98–181, §§612(a), 616(a)(2), in second sentence inserted "in all its programs" after "To meet this objective", inserted "fully" after "other conditions which are", and substituted "exports of goods and services" for "exports". · (b)
• Pub. L. 98–181, §§612(b), (c), 618(a)(1), substituted provisions that loans under this section shall bear interest at rates consistent with the Bank's mandate to support exports at rates and on terms and conditions which are fully competitive with exports of other countries, and … · (b)
• Pub. L. 98–181, §616(a)(3), added subpar. (D). · (b)
• Pub. L. 98–181, §618(a)(2), added subpar. (E). · (b)
• Pub. L. 98–181, §618(c), added subpar. (F). · (b)
• Pub. L. 98–181, §619(b), substituted "no loan or financial guarantee or general guarantee or insurance facility" for "no loan or financial guarantee" in provisions preceding subpar. (A). · (b)
• Pub. L. 98–181, §619(c), inserted language limiting existing provisions to loans or financial guarantees, designated existing provisions as cls. (i), (ii), and (iii), and added cl. (iv). · (b)
• Pub. L. 98–181, §620(a), substituted "the Secretary" for "he" before "determines that any country" in first sentence, and before "has determined to have so acted" in second sentence. · (b)
• Pub. L. 98–181, §619(d), redesignated second par. (7) and par. (8), as added by Pub. L. 95–630, as pars. (8) and (9), respectively, and added par. (10). · (b)
• Pub. L. 98–181, §617, added subsec. (d). · (d)

1980

• Pub. L. 96–470 substituted "annual" for "semiannual" in three places. · (b)

1978

• Pub. L. 95–630, §1910, substituted "manufactured goods, agricultural products, and other goods and services" for "goods and related services". · (b)
• Pub. L. 95–630, §§1904, 1916, inserted "that the Bank should give emphasis to assisting new and small business entrants in the agricultural export market, and shall, in cooperation with other relevant Government agencies, including the Commodity Credit Corporation, develop a prog… · (b)
• Pub. L. 95–630, §1907(a), added subpar. (C). · (b)
• Pub. L. 95–630, §1902, substituted "Except as provided by the fourth sentence of this paragraph, no loan" for "No loan" and "$100,000,000" for "$60,000,000" and inserted provisions following subpar. (B). · (b)
• Pub. L. 95–630, §§1909, 1915, added a second par. (7) and par. (8), which were editorially designated pars. (8) and (9). See 1983 Amendment note above. · (b)
• Pub. L. 95–630, §1903, substituted "$25,000,000,000" for "$20,000,000,000". · (c)

1977

• Pub. L. 95–143, §1, inserted "and shall, in cooperation with other appropriate United States Government agencies, seek to reach international agreements to reduce government subsidized export financing" after "government-supported export financing". · (b)
• Pub. L. 95–143, §2, inserted ", and shall also take into account, in consultation with the Secretary of State, the observance of and respect for human rights in the country to receive the exports supported by a loan or financial guarantee and the effect such exports may have on h… · (b)
• Pub. L. 95–143, §3(a), inserted "(i)" after "No loan or financial guarantee or combination thereof" and ", or (iii) for the export of technology, fuel, equipment, materials, or goods or services to be used in the construction, alteration, operation, or maintenance of nuclear power, … · (b)
• Pub. L. 95–143, §3(b), (c), added par. (4), redesignated former par. (4) as (5) and, as so redesignated, added cl. (C), and redesignated former pars. (5) and (6) as (6) and (7), respectively. · (b)

1975

• Pub. L. 93–646, §2, inserted provisions authorizing the Bank to guarantee, insure, coinsure, and reinsure against political and credit risks of loss, to represent itself or to contract for representation in all legal and arbitral proceedings outside the United States, and to publish… · (a)
• Pub. L. 93–646, §13, eff. at the close of Sept. 30, 1976, repealed par. (2), which related to inclusion of receipts and disbursements of the bank in the federal budget and exemption of such receipts and disbursements from budget limitations, to the transmittal to Congress of a budge… · (a)
• Pub. L. 93–646, §3, designated existing provisions as subpars. (A) and (B), and as so designated, substituted provisions requiring a comparison of the rates and terms of the Bank with other countries for provisions requiring a report to include ways in which the Bank's terms are equ… · (b)
• Pub. L. 93–646, §4, inserted provision requiring a separate Presidential determination of national interest with respect to each transaction over $50,000,000, and substituted provision requiring a report to Congress either within 30 days of the President's finding or on the day the … · (b)
• Pub. L. 93–646, §5, added par. (3) and redesignated former pars. (3), (4), and (5) as (4), (5) and (6), respectively. · (b)
• Pub. L. 93–646, §6, removed the $10 billion limit on the Bank's insurance authority, and increased the Bank's authority to charge such guarantees and insurance on a fractional charge basis from $10 billion to $20 billion. · (c)

1971

• Pub. L. 92–126, §1(b)(1), designated existing provisions as par. (1) and added par. (2). · (a)
• Pub. L. 92–126, §1(b)(6), inserted provisions declaring the policy of the United States to be to foster expansion of goods and related services, contributing to the proposition and maintenance of high levels of employment and real income and to the increased development of the produ… · (b)
• Pub. L. 92–126, §1(b)(5), substituted provisions prohibiting the Bank from extending assistance in export sales to any nation which engages in armed conflict with the United States or to any other nation when the export is to be used principally by or in any nation which engages in … · (b)
• Pub. L. 92–126, §1(b)(2), increased the amount of insurance outstanding at any one time from "$3,500,000,000" to "$10,000,000,000". · (c)

1968

• Pub. L. 90–267, §1(a), changed name of "Export-Import Bank of Washington" to "Export-Import Bank of the United States". · (a)
• Pub. L. 90–267, §1(b), designated existing provisions as par. (1) and required the Board of Directors when authorizing loans to take into account the possible adverse effects upon the economy of the United States. · (b)
• Pub. L. 90–267, §1(c), added pars. (2) to (5). · (b)
• Pub. L. 90–267, §1(a), (c), increased amount of insurance outstanding at any one time from $2,000,000,000 to $3,500,000,000 and changed name of "Export-Import Bank of Washington" to "Export-Import Bank of the United States". · (c)

1963

• Pub. L. 88–101 substituted "$2,000,000,000" for "$1,000,000,000". · (c)

1961

• Pub. L. 87–311 amended subsection generally, and among other changes, authorized the Bank to guarantee, insure, coinsure, and reinsure United States exporters and foreign exporters doing business in the United States, increased the maximum amount of insurance, etc., outstanding at any … · (c)