# § 635f. Termination date of Bank’s functions; exceptions; liquidation
December 31, 2026
Export-Import Bank of the United States shall continue to exercise its functions in connection with and in furtherance of its objects and purposes until the close of business on , but the provisions of this section shall not be construed as preventing the bank from acquiring obligations prior to such date which mature subsequent to such date or from assuming prior to such date liability as guarantor, endorser, or acceptor of obligations which mature subsequent to such date or from issuing, either prior or subsequent to such date, for purchase by the Secretary of the Treasury or any other purchasers, its notes, debentures, bonds, or other obligations which mature subsequent to such date or from continuing as a corporate agency of the United States and exercising any of its functions subsequent to such date for purposes of orderly liquidation, including the administration of its assets and the collection of any obligations held by the bank.
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**Source Credit**: (July 31, 1945, ch. 341, § 7, formerly § 8, 59 Stat. 529; June 9, 1947, ch. 101, § 3, 61 Stat. 131; Oct. 3, 1951, ch. 445, § 1(c), 65 Stat. 367; Pub. L. 85–55, June 17, 1957, 71 Stat. 82; Pub. L. 88–101, § 2, Aug. 20, 1963, 77 Stat. 128; Pub. L. 90–267, § 1(a), (f), Mar. 13, 1968, 82 Stat. 47, 49; Pub. L. 92–126, § 1(b)(4), Aug. 17, 1971, 85 Stat. 345; Pub. L. 93–331, July 4, 1974, 88 Stat. 289; Pub. L. 93–374, Aug. 14, 1974, 88 Stat. 445; Pub. L. 93–425, Sept. 30, 1974, 88 Stat. 1166; Pub. L. 93–450, Oct. 18, 1974, 88 Stat. 1368; Pub. L. 93–646, § 9, Jan. 4, 1975, 88 Stat. 2336; Pub. L. 95–143, § 4, Oct. 26, 1977, 91 Stat. 1211; Pub. L. 95–407, Sept. 30, 1978, 92 Stat. 882; Pub. L. 95–630, title XIX, § 1906, Nov. 10, 1978, 92 Stat. 3725; Pub. L. 98–109, § 6, Oct. 1, 1983, 97 Stat. 746; Pub. L. 98–143, Nov. 1, 1983, 97 Stat. 916; Pub. L. 98–181, title I [title VI, § 611], Nov. 30, 1983, 97 Stat. 1254; Pub. L. 99–472, § 14, Oct. 15, 1986, 100 Stat. 1204; renumbered § 7 and amended Pub. L. 102–429, title I, §§ 102, 121(c)(2), Oct. 21, 1992, 106 Stat. 2187, 2199; Pub. L. 105–46, § 122, Sept. 30, 1997, 111 Stat. 1158; Pub. L. 105–121, § 2(a), Nov. 26, 1997, 111 Stat. 2528; Pub. L. 107–189, § 3, June 14, 2002, 116 Stat. 699; Pub. L. 109–438, § 2, Dec. 20, 2006, 120 Stat. 3268; Pub. L. 112–122, § 2, May 30, 2012, 126 Stat. 350; Pub. L. 114–94, div. E, title LIV, § 54001(a), Dec. 4, 2015, 129 Stat. 1768; Pub. L. 116–94, div. I, title IV, § 401(a), Dec. 20, 2019, 133 Stat. 3021.)
## Editorial Notes
### Prior Provisions
A prior section 7 of , was renumbered section 6 and is classified to .
### Amendments
2019— substituted “” for “”.
2015— substituted “2019” for “2014”.
2012— substituted “2014” for “2011”.
2006— substituted “2011” for “2006”.
2002— substituted “” for “”.
1997— substituted “” for “September 30, ”.
substituted “” for “1997”.
1992—, substituted “1997” for “1992”.
1986— substituted “” for “”.
1983— substituted “” for “”.
substituted “” for “”.
substituted “” for “”.
1978— substituted “” for “”.
substituted “” for “”.
1977— substituted “” for “”.
1975— substituted “” for “”.
1974— substituted “” for “”.
substituted “” for “”.
substituted “” for “”.
substituted “” for “”.
1971— substituted “” for “” and “Secretary of the Treasury or any other purchasers” for “Secretary of the Treasury”.
1968— changed name of “Export-Import Bank of Washington” to “Export-Import Bank of the United States” and substituted “” for “”.
1963— substituted “” for “”.
1957— substituted “” for “”.
1951—Act , substituted “” for “”.
1947—Act , struck out former section and inserted present section to provide for the termination of the Bank as of , and its orderly liquidation thereafter.
## Statutory Notes and Related Subsidiaries
### Effective Date of 2015 Amendment
Amendment by effective on , see , set out as a note under .
### Effective Date of 1997 Amendment
> “The amendment made by this section [amending this section] shall take effect on
>
> .”
, , , provided that:
### Effective Date of 1978 Amendment
Amendment by effective , see , set out as a note under .
### Continuation of Bank Functions
Provisions extending the date that the Export-Import Bank of the United States could continue to exercise its functions in connection with and in furtherance of its objects and purposes notwithstanding the dates specified in this section and , set out as an Effective and Termination Dates of 1994 Amendments note under , were contained in the following acts:
, , , extending the date to .
, , , extending the date to .
, , , extending the date to .
, , , extending the date to .
, , , extending the date to .
, as added by , , , extending the date to .
, , , extending the date to , prior to repeal by , , .
Termination date for Bank’s functions was temporarily extended until the following dates by the acts listed below:
Until , by , , .
Until , by , , .
Until , by , , .
Until , by , , .
Until , by , , .
### Financial Assistance to the Union of Soviet Socialist Republics
, , , provided in part that the Bank shall not authorize any financial assistance to the Union of Soviet Socialist Republics during the life of , which extended the termination date from , to .