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        H.R.3381

                       One Hundred Sixth Congress

                                 of the

                        United States of America


                          AT THE FIRST SESSION

         Begun and held at the City of Washington on Wednesday,
   the sixth day of January, one thousand nine hundred and ninety-nine


                                 An Act


 
To reauthorize the Overseas Private Investment Corporation and the Trade 
             and Development Agency, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Export Enhancement Act of 1999''.

SEC. 2. OPIC ISSUING AUTHORITY.

    Section 235(a)(2) of the Foreign Assistance Act of 1961 (22 U.S.C. 
2195(a)(3)) is amended by striking ``1999'' and inserting ``2003''.

SEC. 3. IMPACT OF OPIC PROGRAMS.

    (a) Additional Requirements.--Section 231A of the Foreign 
Assistance Act of 1961 (22 U.S.C. 2191a) is amended--
        (1) by redesignating subsection (b) as subsection (c);
        (2) by inserting after subsection (a) the following new 
    subsection:
    ``(b) Environmental Impact.--The Board of Directors of the 
Corporation shall not vote in favor of any action proposed to be taken 
by the Corporation that is likely to have significant adverse 
environmental impacts that are sensitive, diverse, or unprecedented, 
unless for at least 60 days before the date of the vote--
        ``(1) an environmental impact assessment or initial 
    environmental audit, analyzing the environmental impacts of the 
    proposed action and of alternatives to the proposed action has been 
    completed by the project applicant and made available to the Board 
    of Directors; and
        ``(2) such assessment or audit has been made available to the 
    public of the United States, locally affected groups in the host 
    country, and host country nongovernmental organizations.''; and
        (3) in subsection (c), as so redesignated--
            (A) by inserting ``(1)'' before ``The Board''; and
            (B) by adding at the end the following:
    ``(2) In conjunction with each meeting of its Board of Directors, 
the Corporation shall hold a public hearing in order to afford an 
opportunity for any person to present views regarding the activities of 
the Corporation. Such views shall be made part of the record.''.
    (b) Effective Date.--The amendments made by subsection (a) shall 
take effect 90 days after the date of the enactment of this Act.

SEC. 4. BOARD OF DIRECTORS OF OPIC.

    Section 233(b) of the Foreign Assistance Act of 1961 (22 U.S.C. 
2193(b)) is amended--
        (1) by striking the second and third sentences;
        (2) in the fourth sentence by striking ``(other than the 
    President of the Corporation, appointed pursuant to subsection (c) 
    who shall serve as a Director, ex officio)'';
        (3) in the second undesignated paragraph--
            (A) by inserting ``the President of the Corporation, the 
        Administrator of the Agency for International Development, the 
        United States Trade Representative, and'' after ``including''; 
        and
            (B) by adding at the end the following: ``The United States 
        Trade Representative may designate a Deputy United States Trade 
        Representative to serve on the Board in place of the United 
        States Trade Representative.''; and
        (4) by inserting after the second undesignated paragraph the 
    following:
    ``There shall be a Chairman and a Vice Chairman of the Board, both 
of whom shall be designated by the President of the United States from 
among the Directors of the Board other than those appointed under the 
second sentence of the first paragraph of this subsection.''.

SEC. 5. TRADE AND DEVELOPMENT AGENCY.

    (a) Purpose.--Section 661(a) of the Foreign Assistance Act of 1961 
(22 U.S.C. 2421(a)) is amended by inserting before the period at the 
end of the second sentence the following: ``, with special emphasis on 
economic sectors with significant United States export potential, such 
as energy, transportation, telecommunications, and environment''.
    (b) Contributions of Costs.--Section 661(b) of the Foreign 
Assistance Act of 1961 (22 U.S.C. 2421(b)) is amended by adding at the 
end the following:
        ``(5) Contributions to costs.--The Trade and Development Agency 
    shall, to the maximum extent practicable, require corporations and 
    other entities to--
            ``(A) share the costs of feasibility studies and other 
        project planning services funded under this section; and
            ``(B) reimburse the Trade and Development Agency those 
        funds provided under this section, if the corporation or entity 
        concerned succeeds in project implementation.''.
    (c) Funding.--Section 661(f) of the Foreign Assistance Act of 1961 
(22 U.S.C. 2421(f)) is amended--
        (1) in paragraph (1)(A) by striking ``$77,000,000'' and all 
    that follows through ``1996'' and inserting ``$48,000,000 for 
    fiscal year 2000 and such sums as may be necessary for each fiscal 
    year thereafter''; and
        (2) in paragraph (2)(A), by striking ``in fiscal years'' and 
    all that follows through ``provides'' and inserting ``in carrying 
    out its program, provide, as appropriate, funds''.

SEC. 6. IMPLEMENTATION OF PRIMARY OBJECTIVES OF TPCC.

    The Trade Promotion Coordinating Committee shall--
        (1) report on the actions taken or efforts currently underway 
    to eliminate the areas of overlap and duplication identified among 
    Federal export promotion activities;
        (2) coordinate efforts to sponsor or promote any trade show or 
    trade fair;
        (3) work with all relevant State and national organizations, 
    including the National Governors' Association, that have 
    established trade promotion offices;
        (4) report on actions taken or efforts currently underway to 
    promote better coordination between State, Federal, and private 
    sector export promotion activities, including co-location, cost 
    sharing between Federal, State, and private sector export promotion 
    programs, and sharing of market research data; and
        (5) by not later than March 30, 2000, and annually thereafter, 
    include the matters addressed in paragraphs (1), (2), (3), and (4) 
    in the annual report required to be submitted under section 2312(f) 
    of the Export Enhancement Act of 1988 (15 U.S.C. 4727(f)).

SEC. 7. TIMING OF TPCC REPORTS.

    Section 2312(f) of the Export Enhancement Act of 1988 (15 U.S.C. 
4727(f)) is amended by striking ``September 30, 1995, and annually 
thereafter,'' and inserting ``March 30 of each year,''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.

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