H.R. 10165: EXIM Bank Continuity in Competitiveness Act

This bill would change how the Export-Import Bank of the United States, often called EXIM, can continue operating when its Board of Directors does not have enough members to meet normal quorum requirements.

What the bill would do

• Lower the quorum threshold for the EXIM Board. Under current law, a temporary board arrangement can be used when the board lacks a quorum. This bill would reduce the number of days needed before that temporary arrangement can begin, changing the trigger from 120 days to 60 days.
• Change when the temporary board ends. The bill would revise the rule so that the temporary board would expire either:
  • when the President serving at the time the temporary board was formed is replaced by a new President, or
  • when the EXIM Board regains a quorum under the normal rule.
• Remove a related provision in prior law. It would make a conforming amendment by striking a subsection added by a 2020 appropriations law that dealt with this same quorum issue.
• Take effect at the end of 2026. The changes would become effective on December 31, 2026.

Practical effect

In plain terms, the bill is meant to make it easier for EXIM to keep functioning if it has too few board members for normal decision-making. It would allow the bank to move into a temporary operating setup sooner and clarify when that temporary setup ends.

EXIM is the U.S. government’s export credit agency. It helps finance or insure certain U.S. exports, especially when private lenders may not provide support. By reducing the time needed before a temporary board can operate, the bill is designed to reduce the chance of interruptions in EXIM’s ability to approve transactions and carry out its mission.

Relevant Companies

None found.