Doug Bereuter: “Yes, it does, Mr. Chairman. Section 16 of H.R. 2507 requires the…”

On the recordJuly 24, 2001

Yes, it does, Mr. Chairman. Section 16 of H.R. 2507 requires the Export-Import Bank to reassess its adverse economic impact test as a result of the $18 million Ex-Im Bank loan guarantee to the Benxi Iron & Steel Company and specifically references this bank transaction. Currently the Ex-Im Bank has economic impact procedures which consider the potential negative impact on the U.S. economy of goods manufactured by the purchasers of the U.S. exports. However, it does not adequately consider indirect impacts.

Said by

Doug Bereuter

Source

govinfo.gov

Editor's note · Context

Discussing the economic impact assessment related to H.R. 2507 and the Ex-Im Bank.

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Doug Bereuter: “Yes, it does, Mr. Chairman. Section 16 of H.R. 2507 requires the Export-Import Bank to reassess its adverse economic…”

Editor's note · Context