Calendar No. 554

103D CONGRESS

2D SESSION H. R. 4455

AN ACT

To authorize the Export-Import Bank of the Unitpurposes. the primary end use of which will be for civilian nonlethal defense articles and defense services ed States to provide financing for the export of

AUGUST 10 (legislative day, AUGUST 8), 1994

Read twice and ordered placed on the calendar
II

Calendar No. 554

103D CONGRESS

2D SESSION H. R. 4455

IN THE SENATE OF THE UNITED STATES

AUGUST 10 (legislative day, AUGUST 8), 1994

Received

AUGUST 10 (legislative day, AUGUST 8), 1994

Read twice and ordered placed on the calendar

AN ACT

To authorize the Export-Import Bank of the United States

to provide financing for the export of nonlethal defense

articles and defense services the primary end use of

which will be for civilian purposes.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,
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1 SECTION 1. AUTHORITY TO PROVIDE FINANCING FOR THE

2 EXPORT OF NONLETHAL DEFENSE ARTICLES

3 OR SERVICES THE PRIMARY END USE OF

4 WHICH WILL BE FOR CIVILIAN PURPOSES.

5 Section 2(b)(6) of the Export-Import Bank Act of

6 1945 (12 U.S.C. 635(b)(6)) is amended by adding at the

7 end the following:

8 ‘‘(I)(i) Subparagraph (A) shall not apply to a trans9 action involving defense articles or services if—

10 ‘‘(I) the Bank determines that—

11 ‘‘(aa) the defense articles or services are

12 nonlethal; and

13 ‘‘(bb) the primary end use of the defense

14 articles or services will be for civilian purposes;

15 and

16 ‘‘(II) at least 15 calendar days before the date

17 the Board of Directors of the Bank gives final ap18 proval to Bank participation in the transaction, the

19 Bank provides notice of the transaction to the Com20 mittees on Banking, Finance and Urban Affairs and

21 on Appropriations of the House of Representatives

22 and the Committees on Banking, Housing, and

23 Urban Affairs and on Appropriations of the Senate.

24 The preceding sentence shall not apply after September

25 30, 1997.
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1 ‘‘(ii) Not more than 10 percent of the loan, guaran2 tee, and insurance authority available to the Bank for a

3 fiscal year may be used by the Bank to support the sale

4 of defense articles or services to which subparagraph (A)

5 does not apply by reason of clause (i) of this subpara6 graph.

7 ‘‘(iii) Not later than September 1 of each fiscal year,

8 the Comptroller General of the United States, in consulta9 tion with the Bank, shall submit to the Committees on

10 Banking, Finance and Urban Affairs and on Appropria11 tions of the House of Representatives and the Committees

12 on Banking, Housing, and Urban Affairs and on Appro13 priations of the Senate a report on the end uses of any

14 defense articles or services described in clause (i) with re15 spect to which the Bank provided support during the 2nd

16 preceding fiscal year.’’.

17 SEC. 2. REPORT TO THE CONGRESS.

18 Section 2(b)(6)(H) of the Export-Import Bank Act

19 of 1945 (12 U.S.C. 635(b)(6)(H)) is amended by inserting

20 ‘‘or described in subparagraph (I)(i)’’ before the period at

21 the end of the 1st sentence.
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1 SEC. 3. PROMOTION OF EXPORTS OF ENVIRONMENTALLY

2 BENEFICIAL GOODS AND SERVICES.

3 (a) IN GENERAL.—The 1st section 11(b) of the Ex4 port-Import Bank Act of 1945 (12 U.S.C. 635i–5(b)) is

5 amended—

6 (1) by inserting before ‘‘The Bank shall’’ the

7 following:

8 ‘‘(1) IN GENERAL.—’’;

9 (2) by inserting ‘‘(such as by encouraging envi10 ronmentally sustainable development, promoting effi11 cient use of resources, and promoting energy effi12 ciency)’’ before the period at the end of the 1st sen13 tence; and

14 (3) by adding after and below the end the fol15 lowing:

16 ‘‘(2) LIMITATIONS ON AUTHORIZATION OF AP17 PROPRIATIONS.—In addition to other funds available

18 to support the export of goods and services described

19 in paragraph (1), there are authorized to be appro20 priated to the Bank not more than $35,000,000 for

21 the cost (as defined in section 502(5) of the Federal

22 Credit Reform Act of 1990) of supporting such ex23 ports.’’.
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1 (b) TECHNICAL CORRECTION.—Such Act is amended

2 by redesignating the 2nd section 11 (12 U.S.C. 635i–8)

3 as section 14.

Passed the House of Representatives August 8,

1994.

Attest: DONNALD K. ANDERSON,

Clerk.