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Trans-Pacific Aerospace TPAC
Posted On: 08/02/2016 5:25:44 PM
Post# of 22940
Posted By: InToWin
As previously reported, the House of Representatives Committee on Appropriations approved the FY 2017 Foreign Operations and Appropriations Bill which, thanks to Rep. Charlie Dent, includes an amendment changing quorum requirements for Ex-Im to two board members when only less then three seats are filled. Obviously huge for TPAC as it would potentially allow access to loans significantly greater than the current $10M limit.

I read that the change would take effect October 1, 2016, the very near future. What I haven't been able to find is the next critical steps in approving the appropriations bill and timing between now and end of September. The bit of time I had to research this didn't yield any results, is anyone out there knowledgeable of the House's legislative processes or can research the answer?

Thank you.













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