II 

Calendar No. 275 

114TH CONGRESS 

1ST SESSION S. 2183 

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

and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

OCTOBER 19, 2015 

Mr. KIRK (for himself, Ms. HEITKAMP, Mr. GRAHAM, Mr. MANCHIN, Mr. 

BLUNT, Mr. DONNELLY, Ms. AYOTTE, and Mr. WARNER) introduced the 

following bill; which was read the first time 

OCTOBER 20, 2015 

Read the second time and placed on the calendar 

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’’. 


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

2 this Act is as follows: 

Sec. 1. Short title; table of contents. 

TITLE I—TAXPAYER PROTECTION PROVISIONS AND INCREASED 

ACCOUNTABILITY 

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. 

3 TITLE I—TAXPAYER PROTEC4 TION PROVISIONS AND IN5 CREASED ACCOUNTABILITY 

6 SEC. 101. REDUCTION IN AUTHORIZED AMOUNT OF OUT7 STANDING LOANS, GUARANTEES, AND INSUR8 ANCE. 

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

10 (12 U.S.C. 635e(a)) is amended— 


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1 (1) by redesignating paragraph (3) as para2 graph (4); and 

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

4 following: 

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

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

7 fiscal years 2015 through 2019, means 

8 $135,000,000,000. 

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

10 RATE IS 2 PERCENT OR MORE.—If the rate cal11 culated under section 8(g)(1) is 2 percent or more 

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

13 of loans, guarantees, and insurance outstanding on 

14 the last day of that quarter until the rate calculated 

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

16 SEC. 102. INCREASE IN LOSS RESERVES. 

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

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

19 (1) by redesignating subsection (b) as sub20 section (c); and 

21 (2) by inserting after subsection (a) the fol22 lowing: 

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

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

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


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1 aggregate amount of disbursed and outstanding loans, 

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

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

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

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

6 SEC. 103. REVIEW OF FRAUD CONTROLS. 

7 Section 17(b) of the Export-Import Bank Reauthor8 ization Act of 2012 (12 U.S.C. 635a–6(b)) is amended 

9 to read as follows: 

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

11 4 years after the date of the enactment of the Export12 Import Bank Reform and Reauthorization Act of 2015, 

13 and every 4 years thereafter, the Comptroller General of 

14 the United States shall— 

15 ‘‘(1) review the adequacy of the design and ef16 fectiveness of the controls used by the Export-Im17 port Bank of the United States to prevent, detect, 

18 and investigate fraudulent applications for loans and 

19 guarantees and the compliance by the Bank with the 

20 controls, including by auditing a sample of Bank 

21 transactions; and 

22 ‘‘(2) submit a written report regarding the find23 ings of the review and providing such recommenda24 tions with respect to the controls described in paraVerDate Sep 11 2014 21:01 Oct 20, 2015 Jkt 059200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\S2183.PCS S2183

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1 graph (1) as the Comptroller General deems appro2 priate to— 

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

4 and Urban Affairs and the Committee on Ap5 propriations of the Senate; and 

6 ‘‘(B) the Committee on Financial Services 

7 and the Committee on Appropriations of the 

8 House of Representatives.’’. 

9 SEC. 104. OFFICE OF ETHICS. 

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

11 (12 U.S.C. 635a) is amended by adding at the end the 

12 following: 

13 ‘‘(k) OFFICE OF ETHICS.— 

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

15 Office of Ethics within the Bank, which shall oversee 

16 all ethics issues within the Bank. 

17 ‘‘(2) HEAD OF OFFICE.— 

18 ‘‘(A) IN GENERAL.—The head of the Of19 fice of Ethics shall be the Chief Ethics Officer, 

20 who shall report to the Board of Directors. 

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

22 days after the date of the enactment of the Ex23 port-Import Bank Reform and Reauthorization 

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


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

2 Bank from among persons— 

3 ‘‘(I) with a background in law 

4 who have experience in the fields of 

5 law and ethics; and 

6 ‘‘(II) who are not serving in a po7 sition requiring appointment by the 

8 President of the United States before 

9 being appointed to be Chief Ethics 

10 Officer; and 

11 ‘‘(ii) approved by the Board. 

12 ‘‘(C) DESIGNATED AGENCY ETHICS OFFI13 CIAL.—The Chief Ethics Officer shall serve as 

14 the designated agency ethics official for the 

15 Bank pursuant to the Ethics in Government 

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

17 ‘‘(3) DUTIES.—The Office of Ethics has juris18 diction over all employees of, and ethics matters re19 lating to, the Bank. With respect to employees of the 

20 Bank, the Office of Ethics shall— 

21 ‘‘(A) recommend administrative actions to 

22 establish or enforce standards of official con23 duct; 

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

25 General of the Bank alleged violations of— 


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1 ‘‘(i) the standards of ethical conduct 

2 applicable to employees of the Bank under 

3 parts 2635 and 6201 of title 5, Code of 

4 Federal Regulations; 

5 ‘‘(ii) the standards of ethical conduct 

6 established by the Chief Ethics Officer; 

7 and 

8 ‘‘(iii) any other laws, rules, or regula9 tions governing the performance of official 

10 duties or the discharge of official respon11 sibilities that are applicable to employees 

12 of the Bank; 

13 ‘‘(C) report to appropriate Federal or 

14 State authorities substantial evidence of a viola15 tion of any law applicable to the performance of 

16 official duties that may have been disclosed to 

17 the Office of Ethics; and 

18 ‘‘(D) render advisory opinions regarding 

19 the propriety of any current or proposed con20 duct of an employee or contractor of the Bank, 

21 and issue general guidance on such matters as 

22 necessary.’’. 


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1 SEC. 105. CHIEF RISK OFFICER. 

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

3 (12 U.S.C. 635a), as amended by section 104, is further 

4 amended by adding at the end the following: 

5 ‘‘(l) CHIEF RISK OFFICER.— 

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

7 Officer of the Bank, who shall— 

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

9 within the Bank; and 

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

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

12 after the date of the enactment of the Export-Im13 port Bank Reform and Reauthorization Act of 2015, 

14 the Chief Risk Officer shall be— 

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

16 Bank from among persons— 

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

18 general management of, and knowledge of 

19 and extensive practical experience in, fi20 nancial risk evaluation practices in large 

21 governmental or business entities; and 

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

23 requiring appointment by the President of 

24 the United States before being appointed 

25 to be Chief Risk Officer; and 

26 ‘‘(B) approved by the Board. 


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1 ‘‘(3) DUTIES.—The duties of the Chief Risk Of2 ficer are— 

3 ‘‘(A) to be responsible for all matters re4 lated to managing and mitigating all risk to 

5 which the Bank is exposed, including the pro6 grams and operations of the Bank; 

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

8 risk oversight, the monitoring of management 

9 compliance with risk limits, and the manage10 ment of risk exposures and risk controls across 

11 the Bank; 

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

13 execution of all Bank risk management activi14 ties, including policies, reporting, and systems 

15 to achieve strategic risk objectives; 

16 ‘‘(D) to develop an integrated risk manage17 ment program that includes identifying, 

18 prioritizing, measuring, monitoring, and man19 aging internal control and operating risks and 

20 other identified risks; 

21 ‘‘(E) to ensure that the process for risk as22 sessment and underwriting for individual trans23 actions considers how each such transaction 

24 considers the effect of the transaction on the 

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1 folio of the Bank, taking into account fees, 

2 collateralization, and historic default rates; and 

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

4 the Bank of qualitative metrics to assess the 

5 risk of default under various scenarios.’’. 

6 SEC. 106. RISK MANAGEMENT COMMITTEE. 

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

8 Bank Act of 1945 (12 U.S.C. 635a), as amended by sec9 tions 104 and 105, is further amended by adding at the 

10 end the following: 

11 ‘‘(m) RISK MANAGEMENT COMMITTEE.— 

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

13 management committee to be known as the ‘Risk 

14 Management Committee’. 

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

16 Risk Management Committee shall be the members 

17 of the Board of Directors, with the President and 

18 First Vice President of the Bank serving as ex offi19 cio members. 

20 ‘‘(3) DUTIES.—The duties of the Risk Manage21 ment Committee shall be— 

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

23 Office of the Chief Financial Officer of the 

24 Bank— 


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1 ‘‘(i) periodic stress testing on the en2 tire Bank portfolio, reflecting different 

3 market, industry, and macroeconomic sce4 narios, and consistent with common prac5 tices of commercial and multilateral devel6 opment banks; and 

7 ‘‘(ii) the monitoring of industry, geo8 graphic, and obligor exposure levels; and 

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

10 default rate of the Bank before submission to 

11 Congress under section 8(g).’’. 

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

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

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

15 United States shall revise the bylaws of the Bank to termi16 nate the Audit Committee established by section 7 of the 

17 bylaws. 

18 SEC. 107. INDEPENDENT AUDIT OF BANK PORTFOLIO. 

19 (a) AUDIT.—The Inspector General of the Export20 Import Bank of the United States shall conduct an audit 

21 or evaluation of the portfolio risk management procedures 

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

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

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

25 as amended by section 105. 


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

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

3 every 3 years thereafter, the Inspector General shall sub4 mit to the Committee on Banking, Housing, and Urban 

5 Affairs of the Senate and the Committee on Financial 

6 Services of the House of Representatives a written report 

7 containing all findings and determinations made in car8 rying out subsection (a). 

9 SEC. 108. PILOT PROGRAM FOR REINSURANCE. 

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

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

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

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

14 pilot program under which the Bank may enter into con15 tracts and other arrangements to share risks associated 

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

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

18 under that Act. 

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

20 (1) PER CONTRACT OR OTHER ARRANGE21 MENT.—The aggregate amount of liability the Bank 

22 may transfer through risk-sharing pursuant to a 

23 contract or other arrangement entered into under 

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


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1 (2) PER YEAR.—The aggregate amount of li2 ability the Bank may transfer through risk-sharing 

3 during a fiscal year pursuant to contracts or other 

4 arrangements entered into under subsection (a) dur5 ing that fiscal year may not exceed 

6 $10,000,000,000. 

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

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

9 thereafter through 2019, the Bank shall submit to Con10 gress a written report that contains a detailed analysis of 

11 the use of the pilot program carried out under subsection 

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

13 (d) RULE OF CONSTRUCTION.—Nothing in this sec14 tion shall be construed to affect, impede, or revoke any 

15 authority of the Bank. 

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

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

18 2019. 

19 TITLE II—PROMOTION OF 

20 SMALL BUSINESS EXPORTS 

21 SEC. 201. INCREASE IN SMALL BUSINESS LENDING RE22 QUIREMENTS. 

23 (a) IN GENERAL.—Section 2(b)(1)(E)(v) of the Ex24 port-Import Bank Act of 1945 (12 U.S.C. 


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

2 inserting ‘‘25 percent’’. 

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

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

5 and each fiscal year thereafter. 

6 SEC. 202. REPORT ON PROGRAMS FOR SMALL AND ME7 DIUM-SIZED BUSINESSES. 

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

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

10 at the end the following: 

11 ‘‘(k) REPORT ON PROGRAMS FOR SMALL AND ME12 DIUM-SIZED BUSINESSES.—The Bank shall include in its 

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

14 on the programs of the Bank for United States businesses 

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

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

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

18 Export-Import Bank of the United States submitted to 

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

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

21 after the date of the enactment of this Act. 


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1 TITLE III—MODERNIZATION OF 

2 OPERATIONS 

3 SEC. 301. ELECTRONIC PAYMENTS AND DOCUMENTS. 

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

5 1945 (12 U.S.C. 635(b)(1)) is amended by adding at the 

6 end the following: 

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

8 enactment of the Export-Import Bank Reform and Reau9 thorization Act of 2015, the Bank shall implement poli10 cies— 

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

12 to transactions whenever possible, including copies of 

13 bills of lading, certifications, and compliance docu14 ments, in such manner so as not to undermine any 

15 potential civil or criminal enforcement related to the 

16 transactions; and 

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

18 programs.’’. 

19 SEC. 302. REAUTHORIZATION OF INFORMATION TECH20 NOLOGY UPDATING. 

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

22 U.S.C. 635a(j)) is amended— 

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

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

25 2014’’ and inserting ‘‘2015 through 2019’’; 


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

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

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

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

5 TITLE IV—GENERAL 

6 PROVISIONS 

7 SEC. 401. EXTENSION OF AUTHORITY. 

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

9 Bank Act of 1945 (12 U.S.C. 635f) is amended by strik10 ing ‘‘2014’’ and inserting ‘‘2019’’. 

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

12 Law 103–428 (12 U.S.C. 635 note) is amended by strik13 ing ‘‘September 30, 2014’’ and inserting ‘‘the date on 

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

15 United States expires under section 7 of the Export-Im16 port Bank Act of 1945 (12 U.S.C. 635f)’’. 

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

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

19 1945 (12 U.S.C. 635(b)(9)(B)(iii)) is amended by striking 

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

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

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

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

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


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

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

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

4 1945 (12 U.S.C. 635(a)(2)(A)) is amended— 

5 (1) in clause (i), by striking ‘‘; and’’ and insert6 ing a semicolon; and 

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

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

9 than $25,000,000; and’’. 

10 (b) COMPETITIVE OPPORTUNITIES RELATING TO IN11 SURANCE.—Section 2(d)(2) of the Export-Import Bank 

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

13 ‘‘$10,000,000’’ and inserting ‘‘$25,000,000’’. 

14 (c) EXPORT AMOUNTS FOR SMALL BUSINESS

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

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

17 ‘‘$10,000,000’’ and inserting ‘‘$25,000,000’’. 

18 (d) CONSIDERATION OF ENVIRONMENTAL EF19 FECTS.—Section 11(a)(1)(A) of the Export-Import Bank 

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

21 striking ‘‘$10,000,000 or more’’ and inserting the fol22 lowing: ‘‘$25,000,000 (or, if less than $25,000,000, the 

23 threshold established pursuant to international agree24 ments, including the Common Approaches for Officially 

25 Supported Export Credits and Environmental and Social 

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1 nomic Co-operation and Development Council on June 28, 

2 2012, and the risk-management framework adopted by fi3 nancial institutions for determining, assessing, and man4 aging environmental and social risk in projects (commonly 

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

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

7 this section shall apply with respect to fiscal year 2016 

8 and each fiscal year thereafter. 

9 TITLE V—OTHER MATTERS 

10 SEC. 501. PROHIBITION ON DISCRIMINATION BASED ON IN11 DUSTRY. 

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

13 (6 U.S.C. 635 et seq.) is amended by adding at the end 

14 the following: 

15 ‘‘(k) PROHIBITION ON DISCRIMINATION BASED ON

16 INDUSTRY.— 

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

18 Act, the Bank may not— 

19 ‘‘(A) deny an application for financing 

20 based solely on the industry, sector, or business 

21 that the application concerns; or 

22 ‘‘(B) promulgate or implement policies that 

23 discriminate against an application based solely 

24 on the industry, sector, or business that the ap25 plication concerns. 


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

2 paragraph (1) apply only to applications for financ3 ing by the Bank for projects concerning the explo4 ration, development, production, or export of energy 

5 sources and the generation or transmission of elec6 trical power, or combined heat and power, regardless 

7 of the energy source involved.’’. 

8 SEC. 502. NEGOTIATIONS TO END EXPORT CREDIT FINANC9 ING. 

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

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

12 is amended— 

13 (1) in subsection (a)— 

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

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

16 section referred to as the ‘Secretary’)’’ and in17 serting ‘‘President’’; and 

18 (B) in paragraph (1)— 

19 (i) by striking ‘‘(OECD)’’ and insert20 ing ‘‘(in this section referred to as the 

21 ‘OECD’)’’; and 

22 (ii) by striking ‘‘ultimate goal of elimi23 nating’’ and inserting ‘‘possible goal of 

24 eliminating, before the date that is 10 

25 years after the date of the enactment of 


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1 the Export-Import Bank Reform and Re2 authorization Act of 2015,’’; 

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

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

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

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

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

8 Bank Reform and Reauthorization Act of 2015, the Presi9 dent shall submit to Congress a proposal, and a strategy 

10 for achieving the proposal, that the United States Govern11 ment will pursue with other major exporting countries, in12 cluding OECD members and non-OECD members, to 

13 eliminate over a period of not more than 10 years sub14 sidized export-financing programs, tied aid, export credits, 

15 and all other forms of government-supported export sub16 sidies. 

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

18 The President shall initiate and pursue negotiations with 

19 countries that are not OECD members to bring those 

20 countries into a multilateral agreement establishing rules 

21 and limitations on officially supported export credits. 

22 ‘‘(e) ANNUAL REPORTS ON PROGRESS OF NEGOTIA23 TIONS.—Not later than 180 days after the date of the en24 actment of the Export-Import Bank Reform and Reau25 thorization Act of 2015, and annually thereafter through 


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1 calendar year 2019, the President shall submit to the 

2 Committee on Banking, Housing, and Urban Affairs of 

3 the Senate and the Committee on Financial Services of 

4 the House of Representatives a report on the progress of 

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

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

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

8 respect to reports required to be submitted under section 

9 11(b) of the Export-Import Bank Reauthorization Act of 

10 2012 (12 U.S.C. 635a–5(b)) after the date of the enact11 ment of this Act. 

12 SEC. 503. STUDY OF FINANCING FOR INFORMATION AND 

13 COMMUNICATIONS TECHNOLOGY SYSTEMS. 

14 (a) ANALYSIS OF INFORMATION AND COMMUNICA15 TIONS TECHNOLOGY INDUSTRY USE OF BANK PROD16 UCTS.—The Export-Import Bank of the United States (in 

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

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

19 Bank are available and used by companies that export in20 formation and communications technology services and re21 lated goods. 

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

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

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

25 that are supported by the export of information and 


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1 communications technology services and related 

2 goods, and the degree to which access to financing 

3 will increase exports of such services and related 

4 goods. 

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

6 of exports of information and communications tech7 nology services from 2003 through 2014. 

8 (3) The activities of foreign export credit agen9 cies to facilitate the export of information and com10 munications technology services and related goods. 

11 (4) Specific proposals for how the Bank could 

12 provide additional financing for the exportation of 

13 information and communications technology services 

14 and related goods through risk-sharing with other 

15 export credit agencies and other third parties. 

16 (5) Proposals for new products the Bank could 

17 offer to provide financing for exports of information 

18 and communications technology services and related 

19 goods, including— 

20 (A) the extent to which the Bank is au21 thorized to offer new products; 

22 (B) the extent to which the Bank would 

23 need additional authority to offer new products 

24 to meet the needs of the information and com25 munications technology industry; 


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1 (C) specific proposals for changes in law 

2 that would enable the Bank to provide in3 creased financing for exports of information 

4 and communications technology services and re5 lated goods in compliance with the credit and 

6 risk standards of the Bank; 

7 (D) specific proposals that would enable 

8 the Bank to provide increased outreach to the 

9 information and communications technology in10 dustry about the products the Bank offers; and 

11 (E) specific proposals for changes in law 

12 that would enable the Bank to provide the fi13 nancing to build information and communica14 tions technology infrastructure, in compliance 

15 with the credit and risk standards of the Bank, 

16 to allow for market access opportunities for 

17 United States information and communications 

18 technology companies to provide services on the 

19 infrastructure being financed by the Bank. 

20 (c) REPORT.—Not later than 181 days after the date 

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

22 Congress a report that contains the results of the study 

23 required by subsection (a). 


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Calendar No. 275 

114TH CONGRESS 

1ST SESSION S. 2183 

A BILL 

To reauthorize and reform the Export-Import Bank 

of the United States, and for other purposes. 

OCTOBER 20, 2015 

Read the second time and placed on the calendar 


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