The law › Title 12, Banks and Banking › Chapter 6A
12 U.S.C. 635e: Aggregate loan, guarantee, and insurance authority
Created in 1958 by Public Law 85-424. Changed by 16 later laws. No bill we track in this Congress changes it.
3 other sections of the Code cite this one, including 12 U.S.C. 635, 12 U.S.C. 635j, 22 U.S.C. 2392.
- past change
- enacted this Congress
- proposed
This Congress
No bill we track in the 119th Congress changes this section.
How it got here
2019
- Pub. L. 116–94 substituted "for each of fiscal years 2020 through 2027" for "for each of fiscal years 2015 through 2019". (Further Consolidated Appropriations Act, 2020) Law text · (a)
2015
- Pub. L. 114–94, §51001, added pars. (2) and (3), redesignated former par. (3) as (4), and struck out former par. (2) which defined the term "applicable amount". (Fixing America's Surface Transportation Act" or the "FAST Act) Law text · (a)
- Pub. L. 114–94, §51002(a), added subsec. (b) and redesignated former subsec. (b) as (c). (Fixing America's Surface Transportation Act" or the "FAST Act) Law text · (b), (c)
2012
- Pub. L. 112–122 added subpar. (F). Law text · (a)
2006
- Pub. L. 109–438 amended subpar. (E) generally. Prior to amendment, subpar. (E) read as follows: "during fiscal year 2006, $100,000,000,000." Law text · (a)
2002
- Pub. L. 107–189 reenacted heading without change and amended text generally. Prior to amendment, text read as follows: "The Export-Import Bank of the United States shall not have outstanding at any one time loans, guaranties, and insurance in an aggregate amount in excess of $75,000,00… Law text · (a)
2000
- Pub. L. 106–569 redesignated par. (3) as (2) and struck out heading and text of former par. (2). Text read as follows: "Not later than April 15 of each year, the President of the United States shall transmit to the Congress a report on such determination." (American Homeownership and Economic Opportunity Act of 2000) Law text · (b), (3)
1992
- Pub. L. 102–429, §109(b), inserted section catchline, redesignated former subsec. (a)(1) as subsec. (a), inserted subsec. heading, substituted "$75,000,000,000" for "$40,000,000,000", redesignated former subsec. (a)(2) as subsec. (b), redesignated former subpar. (A)(i) as par. (1), former subcls. (…
1991
- Pub. L. 102–145, §121(1), as added by Pub. L. 102–266, struck out subsec. (b) which read as follows: "After January 4, 1975, the Bank shall not approve any loans or financial guarantees, or combination thereof, in connection with exports to the Union of Soviet Socialist Republics in an… · (b)
1986
- Pub. L. 99–472, §17, substituted "All spending and credit authority" for "All spending authority". · (a)
- Pub. L. 99–472, §13, added par. (3). · (a)
1983
- Pub. L. 98–181, §615, amended par. (2) generally, substituting provisions requiring a Presidential determination, not later than March 31 of each fiscal year, as to whether the authority available to the Bank for such fiscal year will be sufficient to meet the Bank's needs, requirin… · (a)
- Pub. L. 98–181, §620(d), substituted "the President" for "he" before "determines that such higher limitation" and "reports such determination". · (b)
1981
- Pub. L. 97–35 designated existing provisions as par. (1) and added par. (2). · (a)
1978
- Pub. L. 95–630 substituted "$40,000,000,000" for "$25,000,000,000" and inserted provision that all spending authority provided under this chapter be effective for any fiscal year only to such extent or in such amounts as are provided in appropriation Acts. · (a)
1975
- Pub. L. 93–646, §8(1), (2), designated existing provisions as subsec. (a) and substituted "$25,000,000,000" for "$20,000,000,000". · (a)
- Pub. L. 93–646, §8(3), added subsec. (b). · (b)
1971
- Pub. L. 92–126 substituted "$20,000,000,000" for "$13,500,000,000".
1968
- Pub. L. 90–267 changed name of "Export-Import Bank of Washington" to "Export-Import Bank of the United States" and substituted "$13,500,000,000" for "$9,000,000,000".
1963
- Pub. L. 88–101 substituted "$9,000,000,000" for "$7,000,000,000".
1958
- Pub. L. 85–424 substituted "$7,000,000,000" for "$5,000,000,000".
Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.