Export-Import Bank Loan Guaranty Authority: Hearings Before the Committee on Banking and Currency, House of Representatives, Eighty-first Congress, First Session, on H.R. 5594, a Bill to Amend the Export-Import Bank Act of 1945, as Amended, to Vest in the Export-Import Bank of Washington the Power to Guarantee United States Investments Abroad |
Common terms and phrases
agency ALDRICH amendment American Bar Association American capital American investors amount assurance authority basis bilateral agreements bilateral treaties bill Board of Directors Braniff Braniff Airways Brazil Brent Spence CHAIRMAN COLE CONGRESS THE LIBRARY Congressman contract convertibility corporation currency default Department Detroit dollars earnings ECA Act economic development exchange Export Export-Import Bank Act expropriation foreign countries foreign government foreign investments FROST funds GAMBLE GASTON going guar guaranty clause HERTER Import Bank industry International Bar Association investment abroad issue legislation LIBRARY OF CONGRE LIBRARY OF CONGRESS limitation LITTELL loans loss Marshall plan MCKINNON ment Mexican MONRONEY MULTER nations O'HARA operation participation PATMAN payment percent private enterprise private investment problems production profits proposed question reason risks peculiar Secretary SNYDER Senator FLANDERS statement subrogation TALLE things tion trade underdeveloped areas United States dollars United States Government WEBB
Popular passages
Page 30 - Fourth, we must embark on a bold new program for making the benefits of our scientific advances and industrial progress available for the improvement and growth of underdeveloped areas.
Page 65 - Bank shall be to aid in financing and to facilitate exports and imports and the exchange of commodities between the United States or any of its Territories or insular possessions and any foreign country or the agencies or nationals thereof.
Page 112 - I believe that we should make available to peace-loving peoples the benefits of our store of technical knowledge in order to help them realize their aspirations for a better life. And, in co-operation with other nations, we should foster capital investment in areas needing development.
Page 82 - At this juncture the committee will take a recess until 2 o'clock. (At 12 :53 pm a recess was taken until 2 pm of the same day.) AFTERNOON SESSION The hearing was resumed at 2 pm, upon the expiration of the recess.
Page 87 - ... (C) when any payment is made to any person pursuant to a guaranty as hereinbefore described, the currency, credits, assets, or investment on account of which such payment is made shall become the property of the United States Government, and the United States Government shall be subrogated to any right, title, claim or cause of action existing in connection therewith...
Page 65 - In connection with and in furtherance of its objects and purposes, the bank is authorized and empowered to do a general banking business except that of circulation; to receive deposits; to purchase, discount, rediscount, sell, and negotiate, with or without its endorsement or guaranty, and to guarantee notes, drafts, checks bills of exchange, acceptances, including bankers...
Page 122 - ... and all fees collected hereunder shall be available for expenditure in discharge of liabilities under guaranties made under this paragraph until such time as all such liabilities have been discharged or have expired, or until all such fees have been expended in accordance with the provisions of this paragraph; and (Hi) as used in this paragraph, the term "person...
Page 65 - Federal; (2) to adopt, alter, and use a corporate seal, which...
Page 65 - It is the policy of the Congress that the Bank in the exercise of its functions should supplement and encourage and not compete with private capital...
Page 83 - Administration and the Foreign Relations Committee of the Senate and the Foreign Affairs Committee of the House of Representatives.