H.R. 4007House115th Congress (2017-2019)In Committee

To revise the quorum requirement for the Board of Directors of the Export-Import Bank of the United States.

Introduced October 11, 2017

AI-Generated Summary

Updated April 15, 2026 at 6:27 PM UTC

This bill changes how many directors must be present for the Export‑Import Bank of the United States to conduct business. It updates the quorum rule so that the required number of directors is the smaller of three or however many directors are actually serving on the board at the time. The change applies only to the bank’s Board of Directors.

Key Provisions

  • Amends the Export‑Import Bank Act to replace the fixed quorum of “at least three members” with “the lesser of three members or the number of members holding office on the Board.”
  • Repeals the related note in Public Law 106‑46 that referenced the old quorum language.

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

October 11, 2017

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HouseIntro Referral

Introduced in House

October 11, 2017

HouseIntro Referral

Referred to the House Committee on Financial Services.

October 11, 2017

Bill Text

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Introduced in HouseIssued October 11, 2017

I

115th CONGRESS

1st Session

H. R. 4007

IN THE HOUSE OF REPRESENTATIVES

October 11, 2017

Mr. Dent (for himself, Mr. Lucas, Mr. Amodei, Mr. Bost, Mr. Bucshon, Mr. Carter of Georgia, Mr. Collins of New York, Mr. Costello of Pennsylvania, Mr. Cramer, Mr. Harper, Mr. Hunter, Mr. Johnson of Ohio, Mr. Katko, Mr. Kelly of Pennsylvania, Mr. Kinzinger, Mr. Knight, Mr. Long, Mr. Mullin, Mr. Newhouse, Mr. Reed, Mr. Rogers of Alabama, Mr. Curbelo of Florida, Mr. Simpson, Ms. Stefanik, Mr. Stivers, Mr. Thompson of Pennsylvania, Mr. Tiberi, Mr. Lance, Mr. Upton, Mr. Meehan, Mr. Barletta, and Mr. Reichert) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To revise the quorum requirement for the Board of Directors of the Export-Import Bank of the United States.

1.

Revision of quorum requirement for the Board of Directors of the Export-Import Bank of the United States

(a)

In general

Section 3(c)(6) of the Export-Import Bank Act of 1945 (12 U.S.C. 635a(c)(6)) is amended by striking at least three members and inserting the lesser of 3 members or the number of members holding office on the Board.

(b)

Conforming repeal

Public Law 106–46 (12 U.S.C. 635a note) is repealed.