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Calendar No. 141

107TH CONGRESS

1ST SESSION S. 1372

[Report No. 107–52]

To reauthorize the Export-Import Bank of the United States.

IN THE SENATE OF THE UNITED STATES

AUGUST 3, 2001

Mr. SARBANES, from the Committee on Banking, reported the following

original bill; which was read twice and placed on the calendar

A BILL

To reauthorize the Export-Import Bank of the United States.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. SHORT TITLE.

4 This Act may be cited as the ‘‘Export-Import Bank

5 Reauthorization Act of 2001’’.

6 SEC. 2. EXTENSION OF AUTHORITY.

7 Section 7 of the Export-Import Bank Act of 1945

8 (12 U.S.C. 635f) is amended by striking ‘‘2001’’ and in9 serting ‘‘2006’’.
2

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1 SEC. 3. SUB-SAHARAN AFRICA ADVISORY COMMITTEE.

2 Section 2(b)(9)(B)(iii) of the Export-Import Bank

3 Act of 1945 (12 U.S.C. 635(b)(9)(B)(iii)) is amended to

4 read as follows:

5 ‘‘(iii) The sub-Saharan Africa advisory com6 mittee shall terminate on September 30, 2006.’’.

7 SEC. 4. GUARANTEES, INSURANCE, EXTENSION OF CREDIT.

8 Section 2(b)(1)(A) of the Export-Import Bank Act

9 of 1945 (12 U.S.C. 635(b)(1)(A)) is amended—

10 (1) in the fourth sentence, by striking ‘‘on an

11 annual basis’’ and inserting ‘‘not later than June 30

12 each year’’;

13 (2) in the fifth sentence, by inserting ‘‘(includ14 ing through use of market windows)’’ after ‘‘United

15 States exporters’’; and

16 (3) by inserting after the fifth sentence, the fol17 lowing new sentence: ‘‘With respect to the pro18 ceeding sentence, the Bank shall use all available in19 formation to estimate the annual amount of export

20 financing available from other governments and gov21 ernment-related agencies.’’.

22 SEC. 5. FINANCING FOR SMALL BUSINESS.

23 Section 2(b)(1)(E)(v) of the Export-Import Bank Act

24 of 1945 (12 U.S.C. 635(b)(1)(E)(v)) is amended by strik25 ing ‘‘10’’ and inserting ‘‘18’’.
3

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1 SEC. 6. MARKET WINDOWS.

2 The Export-Import Bank Act of 1945 (12 U.S.C. 635

3 et seq.) is amended by adding at the end the following

4 new section:

5 ‘‘SEC. 15. MARKET WINDOWS.

6 ‘‘(a) ENHANCED TRANSPARENCY.—To ensure that

7 the Bank financing remains fully competitive, the United

8 States should seek enhanced transparency over the activi9 ties of market windows in the OECD Export Credit Ar10 rangement. If such transparency indicates that market

11 windows are disadvantaging United States exporters, the

12 United States should seek negotiations for multilateral

13 disciplines and transparency within the OECD Export

14 Credit Arrangement.

15 ‘‘(b) AUTHORIZATION.—The Bank is authorized to

16 provide financing on terms and conditions that are incon17 sistent with those permitted under the OECD Export

18 Credit Arrangement—

19 ‘‘(1) to match financing terms and conditions

20 that are being offered by market windows on terms

21 that are inconsistent with those permitted under the

22 OECD Export Credit Arrangement, if—

23 ‘‘(A) matching such terms and conditions

24 advances the negotiations for multilateral dis25 ciplines and transparency within the OECD Ex26 port Credit Arrangement; or
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1 ‘‘(B) transparency verifies that the market

2 window financing is being offered on terms that

3 are more favorable than the terms and condi4 tions that are available from private financial

5 markets; and

6 ‘‘(2) when the foreign government-supported in7 stitution refuses to provide sufficient transparency

8 to permit the Bank to make a determination under

9 paragraph (1).

10 ‘‘(c) DEFINITION.—In this section, the term ‘OECD’

11 means the Organization for Economic Cooperation and

12 Development.’’.

Calendar No. 141

107TH CONGRESS

1ST SESSION S. 1372

[Report No. 107–52]

A BILL

To reauthorize the Export-Import Bank of the

United States.

AUGUST 3, 2001

Read twice and placed on the calendar