H.R. 2494 · 101st Congress · enacted
International Development and Finance Act of 1989
Became Public Law No: 101-240.
Latest official action 1989-12-19 · Enacted
The bill, briefly
International Development and Finance Act of 1989 - Title I: Export-Import Bank Act Amendments - Amends the Export-Import Bank Act of 1945 to remove a certain limitation on the Bank's authority to make interest subsidy payments. Limits the amounts authorized to be appropriated for such payments for FY 1990 and 1991. Extends the Bank's authority to make interest subsidy payments to October 1, 1991. Extends the Bank's authority to make interest subsidy payments to October 1, 1991. Makes technical amendments to provisions concerning the administration of the tied aid credit program. Authorizes appropriations through FY 1991 for the Tied Aid Credit Fund. Prohibits the Bank from providing any export financing, loans, or financial services to China. Waives such prohibitions with respect to food or agricultural commodities. Authorizes the President to waive such prohibitions if he reports to the Congress that: (1) the Chinese Government has made progress on a program of political reform in China and Tibet; or (2) it is in the U.S. national interest to terminate such suspension. Authorizes the Bank to accept reimbursement for travel and subsistence expenses incurred by Bank employees. Prohibits the Bank from guaranteeing, insuring, or extending credit in connection with the exports of goods (other than food or agricultural commodities) or services to Angola until the President certifi…
Congressional Research Service · 1989-11-22
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What happened after enactment?
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