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[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 2289 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 2289

  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.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                July 15 (legislative day, July 11), 1994

  Mr. D'Amato introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL

 
  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.

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

SECTION 1. AUTHORITY TO PROVIDE FINANCING FOR THE EXPORT OF NONLETHAL 
              DEFENSE ARTICLES AND DEFENSE SERVICES THE PRIMARY END USE 
              OF WHICH WILL BE FOR CIVILIAN PURPOSES.

    Section 2(b)(6) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635(b)(6)) is amended by adding at the end the following:
                    ``(I)(i) Subparagraph (A) shall not apply to a sale 
                of defense articles or services if--
                            ``(I) the Bank determines that--
                                    ``(aa) the defense articles or 
                                services are nonlethal; and
                                    ``(bb) the primary end use of the 
                                defense articles or services will be 
                                for civilian purposes; and
                            ``(II) not less than 15 calendar days 
                        before the date on which the Board of Directors 
                        of the Bank gives final approval to Bank 
                        participation in the transaction, the Bank 
                        provides notice of the transaction to the 
                        Committees on Banking, Finance and Urban 
                        Affairs and on Appropriations of the House of 
                        Representatives and the Committees on Banking, 
                        Housing, and Urban Affairs and on 
                        Appropriations of the Senate.
                    ``(ii) Not more than 10 percent of the loan, 
                guarantee, and insurance authority available to the 
                Bank for a fiscal year may be used by the Bank to 
                support the sale of defense articles or services to 
                which subparagraph (A) does not apply by reason of 
                clause (i) of this subparagraph.
                    ``(iii) Not later than September 1 of each fiscal 
                year, the Comptroller General of the United States, in 
                consultation with the Bank, shall submit to the 
                Committees on Banking, Finance and Urban Affairs and on 
                Appropriations of the House of Representatives and the 
                Committees on Banking, Housing, and Urban Affairs and 
                on Appropriations of the Senate, a report on the end 
                uses of any defense articles or services described in 
                clause (i) with respect to which the Bank provided 
                support during the fiscal year ending 1 year before 
                that September 1.
                    ``(iv) The provisions of clause (i) shall not apply 
                after September 30, 1997.''.

SEC. 2. REPORT TO THE CONGRESS.

    The first sentence of section 2(b)(6)(H) of the Export-Import Bank 
Act of 1945 (12 U.S.C. 635(b)(6)(H)) is amended by inserting before the 
period ``, or any sale of defense articles or services as described in 
subparagraph (I)(i)''.

SEC. 3. PROMOTION OF EXPORTS OF ENVIRONMENTALLY BENEFICIAL GOODS AND 
              SERVICES.

    (a) In General.--Section 11(b) of the Export-Import Bank Act of 
1945, the first place it appears (12 U.S.C. 635i-5(b)), is amended--
            (1) by striking ``The Bank'' and inserting the following:
            ``(1) In general.--The Bank'';
            (2) in the first sentence, by inserting before the period 
        ``(such as by encouraging environmentally sustainable 
        development, promoting efficient use of resources, and 
        promoting energy efficiency)''; and
            (3) by adding at the end the following new paragraph:
            ``(2) Authorization of funds.--In addition to other funds 
        available to support the export of goods and services described 
        in paragraph (1), there are authorized to be appropriated to 
        the Bank not more than $35,000,000 for the cost (as defined in 
        section 502(5) of the Federal Credit Reform Act of 1990) of 
        supporting such exports.''.
    (b) Technical Correction.--The Export-Import Bank Act of 1945 (12 
U.S.C. 635 et seq.) is amended by redesignating section 11, the second 
place it appears (12 U.S.C. 635i-8), as section 14.
                                 <all>
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