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About Ex-Im | The Agency | Charter Ex-Im Bank Charter: Section 6 Sec. 6 Aggregate loan, guarantee, and insurance authority. a. Limitation on outstanding amounts. Sec. 6(a)(1) In general.- The Export-Import Bank of the United States shall not have outstanding at any one time loans, guarantees, and insurance in an aggregate amount in excess of the applicable amount. Sec. 6(a)(2) Applicable Amount.- In paragraph (1), the term “applicable amount” means-- (3) Subject to Appropriations.- All spending and credit authority provided under this Act shall be effective for any fiscal year only to such extent or in such amounts as are provided in appropriation Acts. b. Presidential determination. Sec. 6(b)(1) In general.- Not later than March 31 of each fiscal year, the President of the United States shall determine whether the authority available to the Bank for such fiscal year will be sufficient to meet the Bank's needs, particularly those needs arising from-- Sec. 6(b)(2) Report.- Not later than April 15 of each year, the President of the United States shall transmit to the Congress a report on such determination. Sec. 6(b)(3)(B) Continued availability of authority.- The Bank shall continue to make remaining amounts of its authority available for the fiscal year involved, in accordance with its practices and the requirements of this Act, unless otherwise directed pursuant to law.
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