I 

114TH CONGRESS 

1ST SESSION H. R. 3611 

To reauthorize and reform the Export-Import Bank of the United States, 

and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

SEPTEMBER 25, 2015 

Mr. FINCHER (for himself, Mr. KINZINGER of Illinois, Mr. COSTELLO of Pennsylvania, Mr. MICA, and Mr. CRAWFORD) introduced the following bill; 

which was referred to the Committee on Financial Services 

A BILL 

To reauthorize and reform the Export-Import Bank of the 

United States, and for other purposes. 

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; TABLE OF CONTENTS. 

4 (a) SHORT TITLE.—This Act may be cited as the 

5 ‘‘Export-Import Bank Reform and Reauthorization Act of 

6 2015’’. 

7 (b) TABLE OF CONTENTS.—The table of contents for 

8 this Act is as follows: 

Sec. 1. Short title; table of contents. 

TITLE I—TAXPAYER PROTECTION PROVISIONS AND INCREASED 

ACCOUNTABILITY 


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Sec. 101. Reduction in authorized amount of outstanding loans, guarantees, 

and insurance. 

Sec. 102. Increase in loss reserves. 

Sec. 103. Review of fraud controls. 

Sec. 104. Office of Ethics. 

Sec. 105. Chief Risk Officer. 

Sec. 106. Risk Management Committee. 

Sec. 107. Independent audit of bank portfolio. 

Sec. 108. Pilot program for reinsurance. 

TITLE II—PROMOTION OF SMALL BUSINESS EXPORTS 

Sec. 201. Increase in small business lending requirements. 

Sec. 202. Report on programs for small and medium-sized businesses. 

TITLE III—MODERNIZATION OF OPERATIONS 

Sec. 301. Electronic payments and documents. 

Sec. 302. Reauthorization of information technology updating. 

TITLE IV—GENERAL PROVISIONS 

Sec. 401. Extension of authority. 

Sec. 402. Certain updated loan terms and amounts. 

TITLE V—OTHER MATTERS 

Sec. 501. Prohibition on discrimination based on industry. 

Sec. 502. Negotiations to end export credit financing. 

Sec. 503. Study of financing for information and communications technology 

systems. 

1 TITLE I—TAXPAYER PROTEC2 TION PROVISIONS AND IN3 CREASED ACCOUNTABILITY 

4 SEC. 101. REDUCTION IN AUTHORIZED AMOUNT OF OUT5 STANDING LOANS, GUARANTEES, AND INSUR6 ANCE. 

7 Section 6(a) of the Export-Import Bank Act of 1945 

8 (12 U.S.C. 635e(a)) is amended— 

9 (1) by redesignating paragraph (3) as para10 graph (4); and 

11 (2) by striking paragraph (2) and inserting the 

12 following: 


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1 ‘‘(2) APPLICABLE AMOUNT DEFINED.—In this 

2 subsection, the term ‘applicable amount’, for each of 

3 fiscal years 2015 through 2019, means 

4 $135,000,000,000. 

5 ‘‘(3) FREEZING OF LENDING CAP IF DEFAULT

6 RATE IS 2 PERCENT OR MORE.—If the rate cal7 culated under section 8(g)(1) is 2 percent or more 

8 for a quarter, the Bank may not exceed the amount 

9 of loans, guarantees, and insurance outstanding on 

10 the last day of that quarter until the rate calculated 

11 under section 8(g)(1) is less than 2 percent.’’. 

12 SEC. 102. INCREASE IN LOSS RESERVES. 

13 (a) IN GENERAL.—Section 6 of the Export-Import 

14 Bank Act of 1945 (12 U.S.C. 635e) is amended— 

15 (1) by redesignating subsection (b) as sub16 section (c); and 

17 (2) by inserting after subsection (a) the fol18 lowing: 

19 ‘‘(b) RESERVE REQUIREMENT.—The Bank shall 

20 build to and hold in reserve, to protect against future 

21 losses, an amount that is not less than 5 percent of the 

22 aggregate amount of disbursed and outstanding loans, 

23 guarantees, and insurance of the Bank.’’. 


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1 (b) EFFECTIVE DATE.—The amendment made by 

2 subsection (a) shall take effect on the date that is one 

3 year after the date of the enactment of this Act. 

4 SEC. 103. REVIEW OF FRAUD CONTROLS. 

5 Section 17(b) of the Export-Import Bank Reauthor6 ization Act of 2012 (12 U.S.C. 635a–6(b)) is amended 

7 to read as follows: 

8 ‘‘(b) REVIEW OF FRAUD CONTROLS.—Not later than 

9 4 years after the date of the enactment of the Export10 Import Bank Reform and Reauthorization Act of 2015, 

11 and every 4 years thereafter, the Comptroller General of 

12 the United States shall— 

13 ‘‘(1) review the adequacy of the design and ef14 fectiveness of the controls used by the Export-Im15 port Bank of the United States to prevent, detect, 

16 and investigate fraudulent applications for loans and 

17 guarantees and the compliance by the Bank with the 

18 controls, including by auditing a sample of Bank 

19 transactions; and 

20 ‘‘(2) submit a written report regarding the find21 ings of the review and providing such recommenda22 tions with respect to the controls described in para23 graph (1) as the Comptroller General deems appro24 priate to— 


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1 ‘‘(A) the Committee on Banking, Housing, 

2 and Urban Affairs and the Committee on Ap3 propriations of the Senate; and 

4 ‘‘(B) the Committee on Financial Services 

5 and the Committee on Appropriations of the 

6 House of Representatives.’’. 

7 SEC. 104. OFFICE OF ETHICS. 

8 Section 3 of the Export-Import Bank Act of 1945 

9 (12 U.S.C. 635a) is amended by adding at the end the 

10 following: 

11 ‘‘(k) OFFICE OF ETHICS.— 

12 ‘‘(1) ESTABLISHMENT.—There is established an 

13 Office of Ethics within the Bank, which shall oversee 

14 all ethics issues within the Bank. 

15 ‘‘(2) HEAD OF OFFICE.— 

16 ‘‘(A) IN GENERAL.—The head of the Of17 fice of Ethics shall be the Chief Ethics Officer, 

18 who shall report to the Board of Directors. 

19 ‘‘(B) APPOINTMENT.—Not later than 180 

20 days after the date of the enactment of the Ex21 port-Import Bank Reform and Reauthorization 

22 Act of 2015, the Chief Ethics Officer shall be— 

23 ‘‘(i) appointed by the President of the 

24 Bank from among persons— 


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1 ‘‘(I) with a background in law 

2 who have experience in the fields of 

3 law and ethics; and 

4 ‘‘(II) who are not serving in a po5 sition requiring appointment by the 

6 President of the United States before 

7 being appointed to be Chief Ethics 

8 Officer; and 

9 ‘‘(ii) approved by the Board. 

10 ‘‘(C) DESIGNATED AGENCY ETHICS OFFI11 CIAL.—The Chief Ethics Officer shall serve as 

12 the designated agency ethics official for the 

13 Bank pursuant to the Ethics in Government 

14 Act of 1978 (5 U.S.C. App. 101 et seq.). 

15 ‘‘(3) DUTIES.—The Office of Ethics has juris16 diction over all employees of, and ethics matters re17 lating to, the Bank. With respect to employees of the 

18 Bank, the Office of Ethics shall— 

19 ‘‘(A) recommend administrative actions to 

20 establish or enforce standards of official con21 duct; 

22 ‘‘(B) refer to the Office of the Inspector 

23 General of the Bank alleged violations of— 

24 ‘‘(i) the standards of ethical conduct 

25 applicable to employees of the Bank under 


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1 parts 2635 and 6201 of title 5, Code of 

2 Federal Regulations; 

3 ‘‘(ii) the standards of ethical conduct 

4 established by the Chief Ethics Officer; 

5 and 

6 ‘‘(iii) any other laws, rules, or regula7 tions governing the performance of official 

8 duties or the discharge of official respon9 sibilities that are applicable to employees 

10 of the Bank; 

11 ‘‘(C) report to appropriate Federal or 

12 State authorities substantial evidence of a viola13 tion of any law applicable to the performance of 

14 official duties that may have been disclosed to 

15 the Office of Ethics; and 

16 ‘‘(D) render advisory opinions regarding 

17 the propriety of any current or proposed con18 duct of an employee or contractor of the Bank, 

19 and issue general guidance on such matters as 

20 necessary.’’. 

21 SEC. 105. CHIEF RISK OFFICER. 

22 Section 3 of the Export-Import Bank Act of 1945 

23 (12 U.S.C. 635a), as amended by section 104, is further 

24 amended by adding at the end the following: 

25 ‘‘(l) CHIEF RISK OFFICER.— 


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1 ‘‘(1) IN GENERAL.—There shall be a Chief Risk 

2 Officer of the Bank, who shall— 

3 ‘‘(A) oversee all issues relating to risk 

4 within the Bank; and 

5 ‘‘(B) report to the President of the Bank. 

6 ‘‘(2) APPOINTMENT.—Not later than 180 days 

7 after the date of the enactment of the Export-Im8 port Bank Reform and Reauthorization Act of 2015, 

9 the Chief Risk Officer shall be— 

10 ‘‘(A) appointed by the President of the 

11 Bank from among persons— 

12 ‘‘(i) with a demonstrated ability in the 

13 general management of, and knowledge of 

14 and extensive practical experience in, fi15 nancial risk evaluation practices in large 

16 governmental or business entities; and 

17 ‘‘(ii) who are not serving in a position 

18 requiring appointment by the President of 

19 the United States before being appointed 

20 to be Chief Risk Officer; and 

21 ‘‘(B) approved by the Board. 

22 ‘‘(3) DUTIES.—The duties of the Chief Risk Of23 ficer are— 

24 ‘‘(A) to be responsible for all matters re25 lated to managing and mitigating all risk to 


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1 which the Bank is exposed, including the pro2 grams and operations of the Bank; 

3 ‘‘(B) to establish policies and processes for 

4 risk oversight, the monitoring of management 

5 compliance with risk limits, and the manage6 ment of risk exposures and risk controls across 

7 the Bank; 

8 ‘‘(C) to be responsible for the planning and 

9 execution of all Bank risk management activi10 ties, including policies, reporting, and systems 

11 to achieve strategic risk objectives; 

12 ‘‘(D) to develop an integrated risk manage13 ment program that includes identifying, 

14 prioritizing, measuring, monitoring, and man15 aging internal control and operating risks and 

16 other identified risks; 

17 ‘‘(E) to ensure that the process for risk as18 sessment and underwriting for individual trans19 actions considers how each such transaction 

20 considers the effect of the transaction on the 

21 concentration of exposure in the overall port22 folio of the Bank, taking into account fees, 

23 collateralization, and historic default rates; and 


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1 ‘‘(F) to review the adequacy of the use by 

2 the Bank of qualitative metrics to assess the 

3 risk of default under various scenarios.’’. 

4 SEC. 106. RISK MANAGEMENT COMMITTEE. 

5 (a) IN GENERAL.—Section 3 of the Export-Import 

6 Bank Act of 1945 (12 U.S.C. 635a), as amended by sec7 tions 104 and 105, is further amended by adding at the 

8 end the following: 

9 ‘‘(m) RISK MANAGEMENT COMMITTEE.— 

10 ‘‘(1) ESTABLISHMENT.—There is established a 

11 management committee to be known as the ‘Risk 

12 Management Committee’. 

13 ‘‘(2) MEMBERSHIP.—The membership of the 

14 Risk Management Committee shall be the members 

15 of the Board of Directors, with the President and 

16 First Vice President of the Bank serving as ex offi17 cio members. 

18 ‘‘(3) DUTIES.—The duties of the Risk Manage19 ment Committee shall be— 

20 ‘‘(A) to oversee, in conjunction with the 

21 Office of the Chief Financial Officer of the 

22 Bank— 

23 ‘‘(i) periodic stress testing on the en24 tire Bank portfolio, reflecting different 

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1 narios, and consistent with common prac2 tices of commercial and multilateral devel3 opment banks; and 

4 ‘‘(ii) the monitoring of industry, geo5 graphic, and obligor exposure levels; and 

6 ‘‘(B) to review all required reports on the 

7 default rate of the Bank before submission to 

8 Congress under section 8(g).’’. 

9 (b) TERMINATION OF AUDIT COMMITTEE.—Not later 

10 than 180 days after the date of the enactment of this Act, 

11 the Board of Directors of the Export-Import Bank of the 

12 United States shall revise the bylaws of the Bank to termi13 nate the Audit Committee established by section 7 of the 

14 bylaws. 

15 SEC. 107. INDEPENDENT AUDIT OF BANK PORTFOLIO. 

16 (a) AUDIT.—The Inspector General of the Export17 Import Bank of the United States shall conduct an audit 

18 or evaluation of the portfolio risk management procedures 

19 of the Bank, including a review of the implementation by 

20 the Bank of the duties assigned to the Chief Risk Officer 

21 under section 3(l) of the Export-Import Bank Act of 1945, 

22 as amended by section 105. 

23 (b) REPORT.—Not later than one year after the date 

24 of the enactment of this Act, and not less frequently than 

25 every 3 years thereafter, the Inspector General shall subVerDate Sep 11 2014 01:27 Sep 29, 2015 Jkt 049200 PO 00000 Frm 00011 Fmt 6652 Sfmt 6201 E:\BILLS\H3611.IH H3611

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1 mit to the Committee on Banking, Housing, and Urban 

2 Affairs of the Senate and the Committee on Financial 

3 Services of the House of Representatives a written report 

4 containing all findings and determinations made in car5 rying out subsection (a). 

6 SEC. 108. PILOT PROGRAM FOR REINSURANCE. 

7 (a) IN GENERAL.—Notwithstanding any provision of 

8 the Export-Import Bank Act of 1945 (12 U.S.C. 635 et 

9 seq.), the Export-Import Bank of the United States (in 

10 this section referred to as the ‘‘Bank’’) may establish a 

11 pilot program under which the Bank may enter into con12 tracts and other arrangements to share risks associated 

13 with the provision of guarantees, insurance, or credit, or 

14 the participation in the extension of credit, by the Bank 

15 under that Act. 

16 (b) LIMITATIONS ON AMOUNT OF RISK-SHARING.— 

17 (1) PER CONTRACT OR OTHER ARRANGE18 MENT.—The aggregate amount of liability the Bank 

19 may transfer through risk-sharing pursuant to a 

20 contract or other arrangement entered into under 

21 subsection (a) may not exceed $1,000,000,000. 

22 (2) PER YEAR.—The aggregate amount of li23 ability the Bank may transfer through risk-sharing 

24 during a fiscal year pursuant to contracts or other 

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1 ing that fiscal year may not exceed 

2 $10,000,000,000. 

3 (c) ANNUAL REPORTS.—Not later than one year 

4 after the date of the enactment of this Act, and annually 

5 thereafter through 2019, the Bank shall submit to Con6 gress a written report that contains a detailed analysis of 

7 the use of the pilot program carried out under subsection 

8 (a) during the year preceding the submission of the report. 

9 (d) RULE OF CONSTRUCTION.—Nothing in this sec10 tion shall be construed to affect, impede, or revoke any 

11 authority of the Bank. 

12 (e) TERMINATION.—The pilot program carried out 

13 under subsection (a) shall terminate on September 30, 

14 2019. 

15 TITLE II—PROMOTION OF 

16 SMALL BUSINESS EXPORTS 

17 SEC. 201. INCREASE IN SMALL BUSINESS LENDING RE18 QUIREMENTS. 

19 (a) IN GENERAL.—Section 2(b)(1)(E)(v) of the Ex20 port-Import Bank Act of 1945 (12 U.S.C. 

21 635(b)(1)(E)(v)) is amended by striking ‘‘20 percent’’ and 

22 inserting ‘‘25 percent’’. 

23 (b) EFFECTIVE DATE.—The amendment made by 

24 subsection (a) shall apply with respect to fiscal year 2016 

25 and each fiscal year thereafter. 


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1 SEC. 202. REPORT ON PROGRAMS FOR SMALL AND ME2 DIUM-SIZED BUSINESSES. 

3 (a) IN GENERAL.—Section 8 of the Export-Import 

4 Bank Act of 1945 (12 U.S.C. 635g) is amended by adding 

5 at the end the following: 

6 ‘‘(k) REPORT ON PROGRAMS FOR SMALL AND ME7 DIUM-SIZED BUSINESSES.—The Bank shall include in its 

8 annual report to Congress under subsection (a) a report 

9 on the programs of the Bank for United States businesses 

10 with less than $250,000,000 in annual sales.’’. 

11 (b) EFFECTIVE DATE.—The amendment made by 

12 subsection (a) shall apply with respect to the report of the 

13 Export-Import Bank of the United States submitted to 

14 Congress under section 8 of the Export-Import Bank Act 

15 of 1945 (12 U.S.C. 635g) for the first year that begins 

16 after the date of the enactment of this Act. 

17 TITLE III—MODERNIZATION OF 

18 OPERATIONS 

19 SEC. 301. ELECTRONIC PAYMENTS AND DOCUMENTS. 

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

21 1945 (12 U.S.C. 635(b)(1)) is amended by adding at the 

22 end the following: 

23 ‘‘(M) Not later than 2 years after the date of the 

24 enactment of the Export-Import Bank Reform and Reau25 thorization Act of 2015, the Bank shall implement poli26 cies— 


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1 ‘‘(i) to accept electronic documents with respect 

2 to transactions whenever possible, including copies of 

3 bills of lading, certifications, and compliance docu4 ments, in such manner so as not to undermine any 

5 potential civil or criminal enforcement related to the 

6 transactions; and 

7 ‘‘(ii) to accept electronic payments in all of its 

8 programs.’’. 

9 SEC. 302. REAUTHORIZATION OF INFORMATION TECH10 NOLOGY UPDATING. 

11 Section 3(j) of the Export-Import Act of 1945 (12 

12 U.S.C. 635a(j)) is amended— 

13 (1) in paragraph (1), in the matter preceding 

14 subparagraph (A), by striking ‘‘2012, 2013, and 

15 2014’’ and inserting ‘‘2015 through 2019’’; 

16 (2) in paragraph (2)(B), by striking ‘‘(I) the 

17 funds’’ and inserting ‘‘(i) the funds’’; and 

18 (3) in paragraph (3), by striking ‘‘2012, 2013, 

19 and 2014’’ and inserting ‘‘2015 through 2019’’. 

20 TITLE IV—GENERAL 

21 PROVISIONS 

22 SEC. 401. EXTENSION OF AUTHORITY. 

23 (a) IN GENERAL.—Section 7 of the Export-Import 

24 Bank Act of 1945 (12 U.S.C. 635f) is amended by strik25 ing ‘‘2014’’ and inserting ‘‘2019’’. 


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1 (b) DUAL-USE EXPORTS.—Section 1(c) of Public 

2 Law 103–428 (12 U.S.C. 635 note) is amended by strik3 ing ‘‘September 30, 2014’’ and inserting ‘‘the date on 

4 which the authority of the Export-Import Bank of the 

5 United States expires under section 7 of the Export-Im6 port Bank Act of 1945 (12 U.S.C. 635f)’’. 

7 (c) SUB-SAHARAN AFRICA ADVISORY COMMITTEE.— 

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

9 1945 (12 U.S.C. 635(b)(9)(B)(iii)) is amended by striking 

10 ‘‘September 30, 2014’’ and inserting ‘‘the date on which 

11 the authority of the Bank expires under section 7’’. 

12 (d) EFFECTIVE DATE.—The amendments made by 

13 this section shall take effect on the earlier of the date of 

14 the enactment of this Act or June 30, 2015. 

15 SEC. 402. CERTAIN UPDATED LOAN TERMS AND AMOUNTS. 

16 (a) LOAN TERMS FOR MEDIUM-TERM FINANCING.— 

17 Section 2(a)(2)(A) of the Export-Import Bank Act of 

18 1945 (12 U.S.C. 635(a)(2)(A)) is amended— 

19 (1) in clause (i), by striking ‘‘; and’’ and insert20 ing a semicolon; and 

21 (2) by adding at the end the following: 

22 ‘‘(iii) with principal amounts of not more 

23 than $25,000,000; and’’. 

24 (b) COMPETITIVE OPPORTUNITIES RELATING TO IN25 SURANCE.—Section 2(d)(2) of the Export-Import Bank 


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1 Act of 1945 (12 U.S.C. 635(d)(2)) is amended by striking 

2 ‘‘$10,000,000’’ and inserting ‘‘$25,000,000’’. 

3 (c) EXPORT AMOUNTS FOR SMALL BUSINESS

4 LOANS.—Section 3(g)(3) of the Export-Import Bank Act 

5 of 1945 (12 U.S.C. 635a(g)(3)) is amended by striking 

6 ‘‘$10,000,000’’ and inserting ‘‘$25,000,000’’. 

7 (d) CONSIDERATION OF ENVIRONMENTAL EF8 FECTS.—Section 11(a)(1)(A) of the Export-Import Bank 

9 Act of 1945 (12 U.S.C. 635i–5(a)(1)(A)) is amended by 

10 striking ‘‘$10,000,000 or more’’ and inserting the fol11 lowing: ‘‘$25,000,000 (or, if less than $25,000,000, the 

12 threshold established pursuant to international agree13 ments, including the Common Approaches for Officially 

14 Supported Export Credits and Environmental and Social 

15 Due Diligence, as adopted by the Organisation for Eco16 nomic Co-operation and Development Council on June 28, 

17 2012, and the risk-management framework adopted by fi18 nancial institutions for determining, assessing, and man19 aging environmental and social risk in projects (commonly 

20 referred to as the ‘Equator Principles’)) or more’’. 

21 (e) EFFECTIVE DATE.—The amendments made by 

22 this section shall apply with respect to fiscal year 2016 

23 and each fiscal year thereafter. 


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1 TITLE V—OTHER MATTERS 

2 SEC. 501. PROHIBITION ON DISCRIMINATION BASED ON IN3 DUSTRY. 

4 Section 2 of the Export-Import Bank Act of 1945 

5 (6 U.S.C. 635 et seq.) is amended by adding at the end 

6 the following: 

7 ‘‘(k) PROHIBITION ON DISCRIMINATION BASED ON

8 INDUSTRY.— 

9 ‘‘(1) IN GENERAL.—Except as provided in this 

10 Act, the Bank may not— 

11 ‘‘(A) deny an application for financing 

12 based solely on the industry, sector, or business 

13 that the application concerns; or 

14 ‘‘(B) promulgate or implement policies that 

15 discriminate against an application based solely 

16 on the industry, sector, or business that the ap17 plication concerns. 

18 ‘‘(2) APPLICABILITY.—The prohibitions under 

19 paragraph (1) apply only to applications for financ20 ing by the Bank for projects concerning the explo21 ration, development, production, or export of energy 

22 sources and the generation or transmission of elec23 trical power, or combined heat and power, regardless 

24 of the energy source involved.’’. 


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1 SEC. 502. NEGOTIATIONS TO END EXPORT CREDIT FINANC2 ING. 

3 (a) IN GENERAL.—Section 11 of the Export-Import 

4 Bank Reauthorization Act of 2012 (12 U.S.C. 635a–5) 

5 is amended— 

6 (1) in subsection (a)— 

7 (A) in the matter preceding paragraph (1), 

8 by striking ‘‘Secretary of the Treasury (in this 

9 section referred to as the ‘Secretary’)’’ and in10 serting ‘‘President’’; and 

11 (B) in paragraph (1)— 

12 (i) by striking ‘‘(OECD)’’ and insert13 ing ‘‘(in this section referred to as the 

14 ‘OECD’)’’; and 

15 (ii) by striking ‘‘ultimate goal of elimi16 nating’’ and inserting ‘‘possible goal of 

17 eliminating, before the date that is 10 

18 years after the date of the enactment of 

19 the Export-Import Bank Reform and Re20 authorization Act of 2015,’’; 

21 (2) in subsection (b), by striking ‘‘Secretary’’ 

22 each place it appears and inserting ‘‘President’’; and 

23 (3) by adding at the end the following: 

24 ‘‘(c) REPORT ON STRATEGY.—Not later than 180 

25 days after the date of the enactment of the Export-Import 

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1 dent shall submit to Congress a proposal, and a strategy 

2 for achieving the proposal, that the United States Govern3 ment will pursue with other major exporting countries, in4 cluding OECD members and non-OECD members, to 

5 eliminate over a period of not more than 10 years sub6 sidized export-financing programs, tied aid, export credits, 

7 and all other forms of government-supported export sub8 sidies. 

9 ‘‘(d) NEGOTIATIONS WITH NON-OECD MEMBERS.— 

10 The President shall initiate and pursue negotiations with 

11 countries that are not OECD members to bring those 

12 countries into a multilateral agreement establishing rules 

13 and limitations on officially supported export credits. 

14 ‘‘(e) ANNUAL REPORTS ON PROGRESS OF NEGOTIA15 TIONS.—Not later than 180 days after the date of the en16 actment of the Export-Import Bank Reform and Reau17 thorization Act of 2015, and annually thereafter through 

18 calendar year 2019, the President shall submit to the 

19 Committee on Banking, Housing, and Urban Affairs of 

20 the Senate and the Committee on Financial Services of 

21 the House of Representatives a report on the progress of 

22 any negotiations described in subsection (d).’’. 

23 (b) EFFECTIVE DATE.—The amendments made by 

24 paragraphs (1) and (2) of subsection (a) shall apply with 

25 respect to reports required to be submitted under section 


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1 11(b) of the Export-Import Bank Reauthorization Act of 

2 2012 (12 U.S.C. 635a–5(b)) after the date of the enact3 ment of this Act. 

4 SEC. 503. STUDY OF FINANCING FOR INFORMATION AND 

5 COMMUNICATIONS TECHNOLOGY SYSTEMS. 

6 (a) ANALYSIS OF INFORMATION AND COMMUNICA7 TIONS TECHNOLOGY INDUSTRY USE OF BANK PROD8 UCTS.—The Export-Import Bank of the United States (in 

9 this section referred to as the ‘‘Bank’’) shall conduct a 

10 study of the extent to which the products offered by the 

11 Bank are available and used by companies that export in12 formation and communications technology services and re13 lated goods. 

14 (b) ELEMENTS.—In conducting the study required by 

15 subsection (a), the Bank shall examine the following: 

16 (1) The number of jobs in the United States 

17 that are supported by the export of information and 

18 communications technology services and related 

19 goods, and the degree to which access to financing 

20 will increase exports of such services and related 

21 goods. 

22 (2) The reduction in the financing by the Bank 

23 of exports of information and communications tech24 nology services from 2003 through 2014. 


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1 (3) The activities of foreign export credit agen2 cies to facilitate the export of information and com3 munications technology services and related goods. 

4 (4) Specific proposals for how the Bank could 

5 provide additional financing for the exportation of 

6 information and communications technology services 

7 and related goods through risk-sharing with other 

8 export credit agencies and other third parties. 

9 (5) Proposals for new products the Bank could 

10 offer to provide financing for exports of information 

11 and communications technology services and related 

12 goods, including— 

13 (A) the extent to which the Bank is au14 thorized to offer new products; 

15 (B) the extent to which the Bank would 

16 need additional authority to offer new products 

17 to meet the needs of the information and com18 munications technology industry; 

19 (C) specific proposals for changes in law 

20 that would enable the Bank to provide in21 creased financing for exports of information 

22 and communications technology services and re23 lated goods in compliance with the credit and 

24 risk standards of the Bank; 


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1 (D) specific proposals that would enable 

2 the Bank to provide increased outreach to the 

3 information and communications technology in4 dustry about the products the Bank offers; and 

5 (E) specific proposals for changes in law 

6 that would enable the Bank to provide the fi7 nancing to build information and communica8 tions technology infrastructure, in compliance 

9 with the credit and risk standards of the Bank, 

10 to allow for market access opportunities for 

11 United States information and communications 

12 technology companies to provide services on the 

13 infrastructure being financed by the Bank. 

14 (c) REPORT.—Not later than 180 days after the date 

15 of the enactment of this Act, the Bank shall submit to 

16 Congress a report that contains the results of the study 

17 required by subsection (a). 

Æ 


emcdonald on DSK67QTVN1PROD with BILLS