1. Short title This Act may be cited as the Export-Import Bank Termination Act . 2. Findings The Congress finds as follows: (1) Export subsidies provide advantages to specific industries or businesses at the expense of their domestic competition, other sectors of the United States economy, and the public at large. (2) Banks and other financial institutions that provide trade facilitation credit also profit from export subsidies such as loan guarantees and trade insurance. (3) International trade finance is well developed and supplied by the private sector at competitive rates that reflect market conditions. (4) The Export-Import Bank of the United States is an agency of the United States Government that subsidizes exports by insuring or guaranteeing trade facilitation loans and other credit from private financial institutions and by providing direct loans to United States exporters. (5) Export subsidies impose risks on United States taxpayers. In a June 2012 paper using accurate, fair value estimation, the Congressional Budget Office found that the expected return of the Export-Import Bank of the United States was less than a tenth of the estimate under the current, flawed methodology used pursuant to the Federal Credit Reform Act of 1990. (6) In recent years, other safe Federal credit programs have been shown to create significant risk for taxpayers, for example, Fannie Mae, Freddie Mac, and the Federal Housing Administration. (7) The Export-Import Bank of the United States claims to serve small businesses primarily, but most of its financing subsidizes exports of large multinational corporations. 3. Reductions of authorities before abolishment (a) In general Notwithstanding any other provision of law: (1) Termination of authority to accept applications for assistance The Export-Import Bank of the United States (in this Act referred to as the Bank ) may not accept an application for a loan, insurance, or a guarantee, or to participate in an extension of credit by another entity, after the 30-day period that