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Union Calendar No. 132
105th CONGRESS
1st Session
H. R. 1370
[Report No. 105-224]
_______________________________________________________________________
A BILL
To reauthorize the Export-Import Bank of the United States.
_______________________________________________________________________
July 31, 1997
Reported with an amendment, committed to the Committee of the Whole
House on the State of the Union, and ordered to be printed
Union Calendar No. 132
105th CONGRESS
1st Session
H. R. 1370
[Report No. 105-224]
To reauthorize the Export-Import Bank of the United States.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
April 17, 1997
Mr. Castle (by request) (for himself, Mr. Flake, Mr. Leach, Mr.
Gonzalez, Mr. Bereuter, Mr. LaFalce, Mr. Manzullo, Mr. Bentsen, Mr.
Gejdenson, Mrs. Maloney of New York, Mr. Metcalf, and Mr. Gilman)
introduced the following bill; which was referred to the Committee on
Banking and Financial Services
July 31, 1997
Additional sponsor: Mr. Maloney of Connecticut
July 31, 1997
Reported with an amendment, committed to the Committee of the Whole
House on the State of the Union, and ordered to be printed
[Strike out all after the enacting clause and insert the part printed
in italic]
[For text of introduced bill, see copy of bill as introduced on April
17, 1997]
_______________________________________________________________________
A BILL
To reauthorize the Export-Import Bank of the United States.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. EXTENSION OF AUTHORITY.
Section 7 of the Export-Import Bank Act of 1945 (12 U.S.C. 635f) is
amended by striking ``1997'' and inserting ``2001''.
SEC. 2. TIED AID CREDIT FUND AUTHORITY.
(a) Section 10(c)(2) of the Export-Import Bank Act of 1945 (12
U.S.C. 635i-3(c)(2)) is amended by striking ``through September 30,
1997''.
(b) Section 10(e) of such Act (12 U.S.C. 635i-3(e)) is amended by
striking the first sentence and inserting the following: ``There are
authorized to be appropriated to the Fund such sums as may be necessary
to carry out the purposes of this section.''.
SEC. 3. EXTENSION OF AUTHORITY TO PROVIDE FINANCING FOR THE EXPORT OF
NONLETHAL DEFENSE ARTICLES OR SERVICES THE PRIMARY END
USE OF WHICH WILL BE FOR CIVILIAN PURPOSES.
Section 1(c) of Public Law 103-428 (12 U.S.C. 635 note; 108 Stat.
4376) is amended by striking ``1997'' and inserting ``2001''.
SEC. 4. CLARIFICATION OF PROCEDURES FOR DENYING CREDIT BASED ON THE
NATIONAL INTEREST.
Section 2(b)(1)(B) of the Export-Import Bank Act of 1945 (12 U.S.C.
635(b)(1)(B)) is amended--
(1) in the last sentence, by inserting ``, after
consultation with the Committee on Banking and Financial
Services of the House of Representatives and the Committee on
Banking, Housing, and Urban Affairs of the Senate,'' after
``President''; and
(2) by adding at the end the following: ``Each such
determination shall be delivered in writing to the President of
the Bank, shall state that the determination is made pursuant
to this section, and shall specify the applications or
categories of applications for credit which should be denied by
the Bank in furtherance of the national interest.''.
SEC. 5. ADMINISTRATIVE COUNSEL.
Section 3(e) of the Export-Import Bank Act of 1945 (12 U.S.C.
635a(e)) is amended--
(1) by inserting ``(1)'' after ``(e)''; and
(2) by adding at the end the following:
``(2) The General Counsel of the Bank shall ensure that the
directors, officers, and employees of the Bank have available
appropriate legal counsel for advice on, and oversight of, issues
relating to ethics, conflicts of interest, personnel matters, and other
administrative law matters by designating an attorney to serve as
Assistant General Counsel for Administration, whose duties, under the
supervision of the General Counsel, shall be concerned solely or
primarily with such issues.''.
SEC. 6. ADVISORY COMMITTEE FOR SUB-SAHARAN AFRICA.
(a) In General.--Section 2(b) of the Export-Import Bank Act of 1945
(12 U.S.C. 635(b)) is amended by inserting after paragraph (8) the
following:
``(9)(A) The Board of Directors of the Bank shall take prompt
measures, consistent with the credit standards otherwise required by
law, to promote the expansion of the Bank's financial commitments in
sub-Saharan Africa under the loan, guarantee, and insurance programs of
the Bank.
``(B)(i) The Board of Directors shall establish and use an advisory
committee to advise the Board of Directors on the development and
implementation of policies and programs designed to support the
expansion described in subparagraph (A).
``(ii) The advisory committee shall make recommendations to the
Board of Directors on how the Bank can facilitate greater support by
United States commercial banks for trade with sub-Saharan Africa.
``(iii) The advisory committee shall terminate 4 years after the
date of the enactment of this subparagraph.''.
(b) Reports to the Congress.--Within 6 months after the date of the
enactment of this Act, and annually for each of the 4 years thereafter,
the Board of Directors of the Export-Import Bank of the United States
submit to the Congress a report on the steps that the Board has taken
to implement section 2(b)(9)(B) of the Export-Import Bank Act of 1945
and any recommendations of the advisory committee established pursuant
to such section.
SEC. 7. INCREASE IN LABOR REPRESENTATION ON THE ADVISORY COMMITTEE OF
THE EXPORT-IMPORT BANK.
Section 3(d)(2) of the Export-Import Bank Act of 1945 (12 U.S.C.
635a(d)(2)) is amended--
(1) by inserting ``(A)'' after ``(2)''; and
(2) by adding after and below the end the following:
``(B) Not less than 2 members appointed to the Advisory Committee
shall be representative of the labor community.''.
SEC. 8. OUTREACH TO COMPANIES.
Section 2(b)(1) of the Export-Import Bank Act of 1945 (12 U.S.C.
635(b)(1)) is amended by adding at the end the following:
``(I) The Chairman of the Bank shall design and implement a program
to provide information about Bank programs to companies which have not
participated in Bank programs. Not later than 1 year after the date of
the enactment of this subparagraph, the Chairman of the Bank shall
submit to the Congress a report on the activities undertaken pursuant
to this subparagraph.''.
SEC. 9. FIRMS THAT HAVE SHOWN A COMMITMENT TO REINVESTMENT AND JOB
CREATION IN THE UNITED STATES TO BE GIVEN PREFERENCE IN
FINANCIAL ASSISTANCE DETERMINATIONS.
Section 2(b)(1) of the Export-Import Bank Act of 1945 (12 U.S.C.
635(b)(1)), as amended by section 8 of this Act, is amended by adding
at the end the following:
``(J) The Board of Directors of the Bank shall prescribe such
regulations and the Bank shall implement such procedures as may be
appropriate to ensure that, in selecting from among firms to which to
provide financial assistance, preference be given to any firm that has
shown a commitment to reinvestment and job creation in the United
States.''.
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