Promotion of United States Exports: Hearing Before Subcommittee No.3 of ... , 87-1 on H.R. 8381 ... H.R. 7102 and H.R. 7103 ... , August 30, 1961, Volume 1
1961 - 156 pages
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action agency Agreement amended American Export amount authority basis believe bill Board Board of Directors buyer capital cause Chairman claims commercial committee Congress contract Corporation cover credit risks determined direct Directors dollars effect established Eximbank export credit guarantee Export-Import Bank extent facilities Federal financing foreign funds Government guaranty contract Guaranty Corporation Import income industry institutions insurance companies interest involved issued less limited LINDER loans loss major means meet million months MULTER necessary notice obligations offer operation organization outstanding paid payment percent period political risk possible preferred premium Pres present President proposed reasonable received reinsurance Representatives reserve respect SCAFURO Secretary Senate shares shipments thereof tion trade transactions transfer Treasury underwriting United Vice WIDNALL YORK
Page 18 - If any provision of this Act, or the application of such provision to any person or circumstance, shall be held invalid, the remainder of this Act, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.
Page 3 - ... income, shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority, except that any real property of the Corporation shall be subject to State, Territorial, county, municipal, or local taxation to the same extent according to its value as other real property is taxed.
Page 14 - Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of the obligation of the bank.
Page 46 - 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 2 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued, under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of such notes and obligations.
Page 45 - ... for the benefit of citizens of the United States, including corporations, partnerships, and associations organized and existing under the laws of the United States...
Page 27 - I am directing the President of the Export-Import Bank, by April 1, to prepare and submit to the Secretary of the Treasury, as Chairman of the National Advisory Council on International Monetary and Financial Problems, a new program under the Export-Import Bank to place our exporters on a basis of full equality with their competitors in other countries.
Page 21 - ... in such amounts as may be specified from time to time in appropriation acts...
Page 22 - Secretary, but not exceeding $100 per day, including travel time, and while so serving away from their homes or regular places of business they may be allowed travel expenses, including per diem in lieu of subsistence, as authorized by section 5 of the Administrative Expenses Act of 1946 (5 USC 73b-2) for persons in the Government service employed intermittently.