II 

Calendar No. 502 

113TH CONGRESS 

2D SESSION S. 2709 

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

and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

JULY 30, 2014 

Mr. MANCHIN (for himself, Mr. KIRK, Mr. BLUNT, Mr. DONNELLY, Mr. WARNER, Ms. CANTWELL, Mr. JOHNSON of South Dakota, and Mr. KAINE) 

introduced the following bill; which was read the first time 

JULY 31, 2014 

Read the second time and placed on the calendar 

A BILL 

To extend and reauthorize 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 Reauthorization Act of 2014’’. 

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

7 this Act is as follows: 


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Sec. 1. Short title; table of contents. 

Sec. 2. Extension of authority. 

Sec. 3. Information technology systems. 

Sec. 4. Sub-Saharan Africa advisory committee. 

Sec. 5. Limitations on loans, guarantees, and insurance. 

Sec. 6. Dual-use exports. 

Sec. 7. Exposure limit business plan. 

Sec. 8. Government Accountability Office study on medium-term financing programs. 

1 SEC. 2. EXTENSION OF AUTHORITY. 

2 Section 7 of the Export-Import Bank Act of 1945 

3 (12 U.S.C. 635f) is amended by striking ‘‘2014’’ and in4 serting ‘‘2019’’. 

5 SEC. 3. INFORMATION TECHNOLOGY SYSTEMS. 

6 Section 3(j) of the Export-Import Bank Act of 1945 

7 (12 U.S.C 635a(j)) is amended by striking ‘‘2012, 2013, 

8 and 2014’’ each place it appears and inserting ‘‘2015, 

9 2016, 2017, 2018, and 2019’’. 

10 SEC. 4. SUB-SAHARAN AFRICA ADVISORY COMMITTEE. 

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

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

13 striking ‘‘2014’’ and inserting ‘‘2019’’. 

14 SEC. 5. LIMITATIONS ON LOANS, GUARANTEES, AND INSUR15 ANCE. 

16 Section 6(a)(2) of the Export-Import Bank Act of 

17 1945 (12 U.S.C. 635e(a)(2)) is amended— 

18 (1) by striking subparagraphs (A) through (E); 

19 (2) by redesignating subparagraph (F) as sub20 paragraph (A); 


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1 (3) in subparagraph (A), as redesignated by 

2 paragraph (2)— 

3 (A) in the matter preceding clause (i), by 

4 striking ‘‘fiscal year 2012 and each succeeding 

5 fiscal year’’ and inserting ‘‘fiscal years 2012, 

6 2013, and 2014’’; and 

7 (B) in clause (ii)(III), by striking the pe8 riod at the end and inserting ‘‘; and’’; and 

9 (4) by adding at the end the following: 

10 ‘‘(B) during fiscal year 2015 and each fis11 cal year thereafter, $145,000,000,000, except 

12 that— 

13 ‘‘(i) the applicable amount for fiscal 

14 year 2016 shall be $150,000,000,000 if— 

15 ‘‘(I) the Bank submitted the re16 port required by section 7(a) of the 

17 Export-Import Bank Reauthorization 

18 Act of 2014; 

19 ‘‘(II) the Secretary of the Treas20 ury submitted the report required to 

21 be submitted during the preceding fis22 cal year under section 11(b) of the 

23 Export-Import Bank Reauthorization 

24 Act of 2012 (12 U.S.C. 635a–5(b)); 

25 and 


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1 ‘‘(III) the rate calculated under 

2 section 8(g)(1) of this Act is less than 

3 2 percent for the quarter ending with 

4 the beginning of the fiscal year, or for 

5 any quarter in the fiscal year; and 

6 ‘‘(ii) the applicable amount for fiscal 

7 year 2017 shall be $155,000,000,000, and 

8 the applicable amount for fiscal year 2018 

9 and each fiscal year thereafter shall be 

10 $160,000,000,000, if— 

11 ‘‘(I) the Secretary of the Treas12 ury submitted the report required to 

13 be submitted during the preceding fis14 cal year under section 11(b) of the 

15 Export-Import Bank Reauthorization 

16 Act of 2012 (12 U.S.C. 635a–5(b)); 

17 and 

18 ‘‘(II) the rate calculated under 

19 section 8(g)(1) of this Act is less than 

20 2 percent for the quarter ending with 

21 the beginning of the fiscal year, or for 

22 any quarter in the fiscal year.’’. 


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1 SEC. 6. DUAL-USE EXPORTS. 

2 Section 1(c) of Public Law 103–428 (12 U.S.C. 635 

3 note) is amended by striking ‘‘2014’’ and inserting 

4 ‘‘2019’’. 

5 SEC. 7. EXPOSURE LIMIT BUSINESS PLAN. 

6 (a) IN GENERAL.—Not later than 180 days after the 

7 date of the enactment of this Act, the Export-Import 

8 Bank of the United States shall submit to Congress and 

9 the Comptroller General of the United States a report that 

10 contains the following: 

11 (1) A business plan that includes— 

12 (A) an estimate by the Bank of the appro13 priate exposure limits of the Bank for fiscal 

14 years 2015 through 2019; 

15 (B) a justification for the estimate; and 

16 (C) an estimate of any anticipated growth 

17 of the Bank during fiscal years 2015 through 

18 2019, disaggregated by— 

19 (i) industry sector; 

20 (ii) whether the products involved are 

21 short-term loans, medium-term loans, long22 term loans, insurance, medium-term guar23 antees, or long-term guarantees; and 

24 (iii) key market. 

25 (2) An analysis of the potential for increased or 

26 decreased risk of loss to the Bank as a result of the 


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1 estimated exposure limit, including an analysis of in2 creased or decreased risks associated with changes 

3 in the composition of Bank exposure, disaggregated 

4 by industry sector, product offered, and key market. 

5 (3) An analysis of the ability of the Bank to 

6 meet its mandates with respect to small business 

7 and sub-Saharan Africa and comply with its carbon 

8 policy mandate under the proposed exposure limit, 

9 and an analysis of any increased or decreased risk 

10 of loss associated with meeting or complying with 

11 the mandates under the proposed exposure limit. 

12 (4) An analysis of the adequacy of the re13 sources of the Bank to effectively process, approve, 

14 and monitor authorizations, including the conducting 

15 of required economic impact analyses, under the pro16 posed exposure limit. 

17 (b) REVIEW OF REPORT AND BUSINESS PLAN BY

18 GOVERNMENT ACCOUNTABILITY OFFICE.—Not later than 

19 180 days after receiving the report and business plan sub20 mitted under subsection (a), the Comptroller General of 

21 the United States shall submit to Congress a report ana22 lyzing the report and business plan. The report of the 

23 Comptroller General shall include such recommendations 

24 with respect to the report and business plan as the Comp25 troller General considers appropriate. 


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1 SEC. 8. GOVERNMENT ACCOUNTABILITY OFFICE STUDY ON 

2 MEDIUM-TERM FINANCING PROGRAMS. 

3 (a) STUDY.—The Comptroller General of the United 

4 States shall conduct a study of the medium-term financing 

5 programs of the Export-Import Bank of the United 

6 States— 

7 (1) to identify practices that may pose risks to 

8 the taxpayer, the soundness of such programs, or 

9 compliance with Bank policies; 

10 (2) to identify practices that may limit the use 

11 of such programs by businesses qualified for such 

12 programs; and 

13 (3) to assess any steps the Bank has taken to 

14 address practices identified under paragraph (1) or 

15 (2). 

16 (b) CONSIDERATION OF PAST FINDINGS.—In con17 ducting the study required by subsection (a), the Comp18 troller General shall consider past findings by the Inspec19 tor General of the Export-Import Bank of the United 

20 States on the matters covered by the study. 

21 (c) REPORT.—Not later than one year after the date 

22 of the enactment of this Act, the Comptroller General shall 

23 submit to the Committee on Banking, Housing, and 

24 Urban Affairs of the Senate and the Committee on Finan25 cial Services of the House of Representatives a report on 

26 the results of the study required by subsection (a). The 


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1 report shall include such recommendations for additional 

2 action as the Comptroller General considers appropriate. 


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Calendar No. 502 

113TH CONGRESS 

2D SESSION S. 2709 

A BILL 

To extend and reauthorize the Export-Import Bank 

of the United States, and for other purposes. 

JULY 31, 2014 

Read the second time and placed on the calendar 


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