H.R. 3407: United States Export Finance Agency Act of 2019

116th Congress · introduced 2019-06-21 · Foreign Trade and International Finance · Latest: Motion to Discharge Committee filed by Mr. Davis, Rodney. Petition No: 116-4. (<a href="https://clerk.house.gov/DischargePetition/20191114?CongressNum=116">Discharge petition</a> text with signatures.)

federal

Follow this bill, step by step

Where it came from: introduced 2019-06-21 · official record
Who proposed it: Rep. Waters, Maxine [D-CA-43] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Motion to Discharge Committee filed by Mr. Davis, Rodney. Petition No: 116-4. (<a href="https://clerk.house.gov/DischargePetition/20191114?CongressNum=116">Discharge petition</a> text with signatures.) Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

United States Export Finance Agency Act of 2019

Plain summary

United States Export Finance Agency Act of 2019 This bill reauthorizes the U.S. Export-Import Bank through FY2026 and otherwise modifies its operations. Specifically, the bill redesignates the U.S. Export-Import Bank as the United States Export Finance Agency and increases the agency's lending cap over the period of its reauthorization. The bill also requires that at least an additional 5% of its total annual transactions are in support of small businesses. Additionally, the bill requires the agency to neutralize Chinese export subsidies by establishing a program to provide competitive financing. The bill also restricts access to agency financing for entities that are owned or controlled by China. Further, the bill establishes (1) the Office of Minority and Women Inclusion; (2) the Office of Territorial Exporting; and (3) the Office of Financing for Renewable Energy, Energy Efficiency and Energy Storage Exports. In the event that there is no board quorum for more than 90 days, the bill provides for the establishment of a temporary board. It also requires the agency to take certain measures to increase transparency and accountability.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

United States Export Finance Agency Act of 2019

Source: Congressional Research Service summary (Introduced in House)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Waters, Maxine [D-CA-43] · 1 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Sponsor's campaign money: Rep. Waters, Maxine [D-CA-43] reported raising $1.1 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Quorum: The minimum number of members who must be present for a body to do official business.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-116hr3407.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/hr>

Record fed-us-cong116-hr3407 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116