I

104TH CONGRESS

2D SESSION H. R. 3759

To extend the authority of the Overseas Private Investment Corporation,

and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

JULY 9, 1996

Mr. ROTH (for himself, Mr. GILMAN, Mr. HAMILTON, Mr. GEJDENSON, Mr.

LEACH, Mr. BEREUTER, Mrs. MEYERS of Kansas, Mr. MANZULLO, Mr.

GALLEGLY, Mr. JOHNSTON of Florida, Mr. MARTINEZ, and Mr.

TORRICELLI) introduced the following bill; which was referred to the

Committee on International Relations

A BILL

To extend the authority of the Overseas Private Investment

Corporation, 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.

4 This Act may be cited as the ‘‘Exports, Jobs, and

5 Growth Act of 1996’’.
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1 TITLE I—OVERSEAS PRIVATE

2 INVESTMENT CORPORATION

3 SEC. 101. INCOME LEVELS.

4 Section 231 of the Foreign Assistance Act of 1961

5 (22 U.S.C. 2191) is amended in paragraph (2) of the sec6 ond undesignated paragraph—

7 (1) by striking ‘‘$984 or less in 1986 United

8 States dollars’’ and inserting ‘‘$1,280 or less in

9 1994 United States dollars’’; and

10 (2) by striking ‘‘$4,269 or more in 1986 United

11 States dollars’’ and inserting ‘‘$5,556 or more in

12 1994 United States dollars’’.

13 SEC. 102. CEILING ON INVESTMENT INSURANCE.

14 Section 235(a)(1) of the Foreign Assistance Act of

15 1961 (22 U.S.C. 2195(a)(1)) is amended by striking

16 ‘‘$13,500,000,000’’ and inserting ‘‘$25,000,000,000’’.

17 SEC. 103. CEILING ON FINANCING.

18 Section 235(a)(2) of the Foreign Assistance Act of

19 1961 (22 U.S.C. 2195(a)(2)) is amended by striking

20 ‘‘$9,500,000,000’’ and inserting ‘‘$20,000,000,000’’.

21 SEC. 104. ISSUING AUTHORITY.

22 Section 235(a)(3) of the Foreign Assistance Act of

23 1961 (22 U.S.C. 2195(a)(3)) is amended by striking

24 ‘‘1996’’ and inserting ‘‘2000’’.
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1 SEC. 105. POLICY GUIDANCE.

2 Section 231 of the Foreign Assistance Act of 1961

3 (22 U.S.C. 2191) is amended in the first paragraph—

4 (1) by striking ‘‘To mobilize’’ and inserting ‘‘To

5 increase United States exports to, and to mobilize’’;

6 (2) by striking ‘‘of less developed’’ and insert7 ing ‘‘of, less developed’’; and

8 (3) by inserting ‘‘trade policy and’’ after ‘‘com9 plementing the’’.

10 SEC. 106. BOARD OF DIRECTORS.

11 Section 233(b) of the Foreign Assistance Act of 1962

12 (22 U.S.C. 2183(b)) is amended—

13 (1) by striking the second and third sentences;

14 (2) in the fourth sentence by striking ‘‘(other

15 than the President of the Corporation, appointed

16 pursuant to subsection (c) who shall serve as a Di17 rector, ex-officio)’’;

18 (3) in the second undesignated paragraph—

19 (A) by inserting ‘‘the President of the Cor20 poration, the Administrator of the Agency for

21 International Development, the United States

22 Trade Representative, and’’ after ‘‘including’’;

23 and

24 (B) by adding at the end the following:

25 ‘‘The United States Trade Representative may

26 designate a Deputy United States Trade Rep-
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1 resentative to serve on the Board in place of the

2 United States Trade Representative.’’; and

3 (3) by inserting after the second undesignated

4 paragraph the following:

5 ‘‘There shall be Chairman and a Vice Chairman of

6 the Board, both of whom shall be designated by the Presi7 dent of the United States from among the Directors of

8 the Board other than those appointed under the second

9 sentence of the first paragraph of this subsection.’’.

10 TITLE II—TRADE AND

11 DEVELOPMENT AGENCY

12 SEC. 201. TRADE AND DEVELOPMENT AGENCY AUTHORIZA13 TION.

14 Section 661(f)(1)(A) of the Foreign Assistance Act

15 of 1961 (22 U.S.C. 2191(f)(1)(A)) is amended to read as

16 follows:

17 ‘‘(1) AUTHORIZATION.—(A) There are author18 ized to be appropriated for purposes of this section,

19 in addition to funds otherwise available for such pur20 poses, $40,000,000 for fiscal 1997, and such sums

21 as are necessary for fiscal year 1998.’’.
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1 TITLE III—EXPORT PROMOTION

2 PROGRAMS WITHIN THE

3 INTERNATIONAL TRADE AD4 MINISTRATION

5 SEC. 301. EXPORT PROMOTION AUTHORIZATION.

6 Section 202 of the Export Administration Amend7 ments Act of 1985 (15 U.S.C. 4052) is amended to read

8 as follows:

9 ‘‘SEC. 202. AUTHORIZATION OF APPROPRIATIONS.

10 ‘‘There are authorized to be appropriated to the De11 partment of Commerce to carry out export promotion pro12 grams $240,000,000 for fiscal year 1997 and such sums

13 as are necessary for fiscal year 1998.’’.

14 TITLE IV—TRADE PROMOTION

15 COORDINATING COMMITTEE

16 SEC. 401. STRATEGIC EXPORT PLAN.

17 Section 2312(c) of the Export Enhancement Act of

18 1988 (15 U.S.C. 4727) is amended—

19 (1) by striking ‘‘and’’ at the end of paragraph

20 (4);

21 (2) by striking the period at the end of para22 graph (5) and inserting ‘‘; and’’; and

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

24 ‘‘(6) identify means for providing more coordi25 nated and comprehensive export promotion services
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1 to, and in behalf of, small and medium-sized busi2 ness.’’.

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