Union Calendar No. 386

104TH CONGRESS

2D SESSION H. R. 3759

[Report No. 104–722]

A BILL

Investment Corporation, and for other purposes.

To extend the authority of the Overseas Private

JULY 30, 1996

Reported with an amendment, committed to the Commitordered to be printed tee of the Whole House on the State of the Union, and
IB

Union Calendar No. 386

104TH CONGRESS

2D SESSION H. R. 3759

[Report No. 104–722]

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

JULY 30, 1996

Reported with an amendment, committed to the Committee of the Whole

House on the State of the Union, and ordered to be printed

[Strike out all after the enacting clause and insert the part printed in italic]

[For text of introduced bill, see copy of bill as introduced on July 9, 1996]

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,
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1 SECTION 1. SHORT TITLE.

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

3 Growth Act of 1996’’.

4 TITLE I—OVERSEAS PRIVATE

5 INVESTMENT CORPORATION

6 SEC. 101. INCOME LEVELS.

7 Section 231 of the Foreign Assistance Act of 1961 (22

8 U.S.C. 2191) is amended in paragraph (2) of the second

9 undesignated paragraph—

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

11 States dollars’’ and inserting ‘‘$1,280 or less in 1994

12 United States dollars’’; and

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

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

15 1994 United States dollars’’.

16 SEC. 102. CEILING ON INVESTMENT INSURANCE.

17 Section 235(a)(1) of the Foreign Assistance Act of 1961

18 (22 U.S.C. 2195(a)(1)) is amended by striking

19 ‘‘$13,500,000,000’’ and inserting ‘‘$25,000,000,000’’.

20 SEC. 103. CEILING ON FINANCING.

21 Section 235(a)(2)(A) of the Foreign Assistance Act of

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

23 ‘‘$9,500,000,000’’ and inserting ‘‘$20,000,000,000’’.
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1 SEC. 104. ISSUING AUTHORITY.

2 Section 235(a)(3) of the Foreign Assistance Act of 1961

3 (22 U.S.C. 2195(a)(3)) is amended by striking ‘‘1996’’ and

4 inserting ‘‘2001’’.

5 SEC. 105. POLICY GUIDANCE.

6 Section 231 of the Foreign Assistance Act of 1961 (22

7 U.S.C. 2191) is amended in the first paragraph—

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

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

10 (2) by striking ‘‘of less developed’’ and inserting

11 ‘‘of, less developed’’; and

12 (3) by inserting ‘‘trade policy and’’ after ‘‘com13 plementing the’’.

14 SEC. 106. BOARD OF DIRECTORS.

15 Section 233(b) of the Foreign Assistance Act of 1961

16 (22 U.S.C. 2193(b)) is amended—

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

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

19 than the President of the Corporation, appointed pur20 suant to subsection (c) who shall serve as a Director,

21 ex-officio)’’;

22 (3) in the second undesignated paragraph—

23 (A) by inserting ‘‘the President of the Cor24 poration, the Administrator of the Agency for

25 International Development, the United States
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1 Trade Representative, and’’ after ‘‘including’’;

2 and

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

4 ‘‘The United States Trade Representative may

5 designate a Deputy United States Trade Rep6 resentative to serve on the Board in place of the

7 United States Trade Representative.’’; and

8 (4) by inserting after the second undesignated

9 paragraph the following:

10 ‘‘There shall be Chairman and a Vice Chairman of the

11 Board, both of whom shall be designated by the President

12 of the United States from among the Directors of the Board

13 other than those appointed under the second sentence of the

14 first paragraph of this subsection.’’.

15 TITLE II—TRADE AND

16 DEVELOPMENT AGENCY

17 SEC. 201. TRADE AND DEVELOPMENT AGENCY AUTHORIZA18 TION.

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

20 1961 (22 U.S.C. 2191(f)(1)(A)) is amended to read as fol21 lows:

22 ‘‘(1) AUTHORIZATION.—(A) There are authorized

23 to be appropriated for purposes of this section, in ad24 dition to funds otherwise available for such purposes,
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1 $40,000,000 for fiscal 1997, and such sums as are

2 necessary for fiscal year 1998.’’.

3 TITLE III—EXPORT PROMOTION

4 PROGRAMS WITHIN THE

5 INTERNATIONAL TRADE AD6 MINISTRATION

7 SEC. 301. EXPORT PROMOTION AUTHORIZATION.

8 Section 202 of the Export Administration Amend9 ments Act of 1985 (15 U.S.C. 4052) is amended to read

10 as follows:

11 ‘‘SEC. 202. AUTHORIZATION OF APPROPRIATIONS.

12 ‘‘There are authorized to be appropriated to the De13 partment of Commerce to carry out export promotion pro14 grams $240,000,000 for fiscal year 1997 and such sums as

15 are necessary for fiscal year 1998.’’.

16 TITLE IV—TRADE PROMOTION

17 COORDINATING COMMITTEE

18 SEC. 401. STRATEGIC EXPORT PLAN.

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

20 1988 (15 U.S.C. 4727) is amended—

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

22 (4);

23 (2) by striking the period at the end of para24 graph (5) and inserting a semicolon; and

25 (3) by adding at the end the following:
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1 ‘‘(6) identify means for providing more coordi2 nated and comprehensive export promotion services

3 to, and in behalf of, small- and medium-sized busi4 nesses; and

5 ‘‘(7) establish a set of priorities to promote Unit6 ed States exports to, and free market reforms in, the

7 Middle East that are designed to stimulate job growth

8 both in the United States and the region.’’.

9 SEC. 402. IMPLEMENTATION OF PRIMARY OBJECTIVES.

10 The Trade Promotion Coordinating Committee shall—

11 (1) identify the areas of overlap and duplication

12 among Federal export promotion activities and report

13 on the actions taken or efforts currently underway to

14 eliminate such overlap and duplication;

15 (2) report on actions taken or efforts currently

16 underway to promote better coordination between

17 State, Federal, and private sector export promotion

18 activities, including co-location, cost-sharing between

19 Federal, State, and private sector export promotion

20 programs, and sharing of market research data; and

21 (3) by not later than September 30, 1997, in22 clude the matters addressed in paragraphs (1) and

23 (2) in the annual report required to be submitted

24 under section 2312(f) of the Export Enhancement Act

25 of 1988 (15 U.S.C. 4727(f)).
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1 SEC. 403. PRIVATE SECTOR DEVELOPMENT IN THE

2 UKRAINE.

3 The Trade Promotion Coordinating Committee shall

4 include in the annual report submitted in 1997 under sec5 tion 2312(f) of the Export Enhancement Act of 1988 (15

6 U.S.C. 4727(f)) a description of the activities of the depart7 ments and agencies of the Trade Promotion Coordinating

8 Committee to foster United States trade and investment

9 which facilitates private sector development in the Ukraine.