In the House of Representatives, U. S.,

December 6, 2006.

Resolved, That the bill from the Senate (S. 3938) entitled ‘‘An Act to reauthorize the Export-Import Bank of the 

United States.’’, do pass with the following

AMENDMENT:

Strike out all after the enacting clause and insert:

1 SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 

2 (a) SHORT TITLE.—This Act may be cited as the ‘‘Ex3 port-Import Bank Reauthorization Act of 2006’’. 

4 (b) TABLE OF CONTENTS.—

Sec. 1. Short title; table of contents. 

Sec. 2. Extension of authority. 

Sec. 3. Sub-Saharan Africa Advisory Committee. 

Sec. 4. Extension of authority to provide financing for the export of nonlethal defense articles or services the primary end use of which will be 

for civilian purposes. 

Sec. 5. Designation of sensitive commercial sectors and products. 

Sec. 6. Increasing exports by small business. 

Sec. 7. Anti-circumvention. 

Sec. 8. Transparency. 

Sec. 9. Aggregate loan, guarantee, and insurance authority. 

Sec. 10. Tied aid credit program. 

Sec. 11. Prohibition on assistance to develop or promote certain railway connections and railway-related connections. 

Sec. 12. Process for notifying applicants of application status; implementation of 

Ex-Im Online. 

Sec. 13. Competitiveness initiatives. 

Sec. 14. Office of financing for socially and economically disadvantaged small 

business concerns and small business concerns owned by women. 

Sec. 15. Governance. 

Sec. 16. Sense of Congress regarding multi-buyer insurance and capital guarantee programs. 

Sec. 17. Sense of Congress regarding office of renewable energy promotion. 

Sec. 18. Environmental matters. 
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Sec. 19. Government Accountability Office study of bank performance standards 

for assistance to small businesses, especially those owned by social and economically disadvantaged individuals and those 

owned by women. 

Sec. 20. Reports. 

Sec. 21. Study of how Export-Import Bank could assist United States exporters 

to meet import needs of new or impoverished democracies; report.

1 SEC. 2. EXTENSION OF AUTHORITY. 

2 Section 7 of the Export-Import Bank Act of 1945 (12 

3 U.S.C. 635f) is amended by striking ‘‘2006’’ and inserting 

4 ‘‘2011’’. 

5 SEC. 3. SUB-SAHARAN AFRICA ADVISORY COMMITTEE. 

6 (a) EXTENSION OF AUTHORITY.—Section 

7 2(b)(9)(B)(iii) of the Export-Import Bank Act of 1945 (12 

8 U.S.C. 635(b)(9)(B)(iii)) is amended by striking ‘‘2006’’ 

9 and inserting ‘‘2011’’. 

10 (b) IMPROVED LIAISON WITH AFRICAN REGIONAL FI11 NANCIAL INSTITUTIONS.—

12 (1) MASTER GUARANTEE AGREEMENTS.—Within 

13 1 year after the date of the enactment of this Act, the 

14 Export-Import Bank of the United States shall seek 

15 to ensure that there is in effect a contract between 

16 each approved lender in Africa and the Bank, which 

17 sets forth the Bank’s guarantee undertakings and re18 lated obligations between the Bank and each lender. 

19 (2) REPORT ON WORKING RELATIONSHIPS WITH

20 THE AFRICAN DEVELOPMENT BANK, THE AFRICAN EX21 PORT-IMPORT BANK, AND OTHER INSTITUTIONS.—Sec-
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1 tion 2(b)(9) of such Act (12 U.S.C. 635(b)(9)) is 

2 amended by adding at the end the following: 

3 ‘‘(C) The Bank shall include in the annual report to 

4 the Congress submitted under section 8(a) a separate section 

5 that contains a report on the efforts of the Bank to—

6 ‘‘(i) improve its working relationships with the 

7 African Development Bank, the African Export-Im8 port Bank, and other institutions in the region that 

9 are relevant to the purposes of subparagraph (A) of 

10 this paragraph; and 

11 ‘‘(ii) coordinate closely with the United States 

12 Foreign Service and Foreign Commercial Service, 

13 and with the overall strategy of the United States 

14 Government for economic engagement with Africa 

15 pursuant to the African Growth and Opportunity 

16 Act.’’. 

17 (c) INCREASING THE NUMBER OF QUALIFIED AFRICAN

18 ENTITIES.—Section 2(b)(9) of such Act (12 U.S.C. 

19 635(b)(9)), as amended by subsection (b), is amended by 

20 adding at the end the following: 

21 ‘‘(D) Consistent with the requirement that the Bank 

22 obtain a reasonable assurance of repayment in connection 

23 with each transaction the Bank supports, the Bank shall, 

24 in consultation with the entities described in subparagraph 
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1 (C), seek to qualify a greater number of appropriate African 

2 entities for participation in programs of the Bank.’’. 

3 SEC. 4. EXTENSION OF AUTHORITY TO PROVIDE FINANCING 

4 FOR THE EXPORT OF NONLETHAL DEFENSE 

5 ARTICLES OR SERVICES THE PRIMARY END 

6 USE OF WHICH WILL BE FOR CIVILIAN PUR7 POSES. 

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

9 note; 108 Stat. 4376) is amended by striking ‘‘2001’’ and 

10 inserting ‘‘2011’’. 

11 SEC. 5. DESIGNATION OF SENSITIVE COMMERCIAL SEC12 TORS AND PRODUCTS. 

13 Section 2(e) of the Export-Import Bank Act of 1945 

14 (12 U.S.C. 635(e)) is amended by adding at the end the 

15 following new paragraph: 

16 ‘‘(5) DESIGNATION OF SENSITIVE COMMERCIAL

17 SECTORS AND PRODUCTS.—Not later than 120 days 

18 after the date of the enactment of this Act, the Bank 

19 shall submit a list to the Committee on Banking, 

20 Housing, and Urban Affairs of the Senate and the 

21 Committee on Financial Services of the House of Rep22 resentatives, which designates sensitive commercial 

23 sectors and products with respect to which the provi24 sion of financing support by the Bank is deemed un25 likely by the President of the Bank due to the signifi-
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1 cant potential for a determination that such financ2 ing support would result in an adverse economic im3 pact on the United States. The President of the Bank 

4 shall review on an annual basis thereafter the list of 

5 sensitive commercial sectors and products and the 

6 Bank shall submit an updated list to the Committee 

7 on Banking, Housing, and Urban Affairs of the Sen8 ate and the Committee on Financial Services of the 

9 House of Representatives of such sectors and prod10 ucts.’’. 

11 SEC. 6. INCREASING EXPORTS BY SMALL BUSINESS. 

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

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

14 at the end the following: 

15 ‘‘(f) SMALL BUSINESS DIVISION.—

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

17 Small Business Division (in this subsection referred 

18 to as the ‘Division’) within the Bank in order to—

19 ‘‘(A) carry out the provisions of subpara20 graphs (E) and (I) of section 2(b)(1) relating to 

21 outreach, feedback, product improvement, and 

22 transaction advocacy for small business concerns 

23 (as defined in section 3(a) of the Small Business 

24 Act); 
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1 ‘‘(B) advise and seek feedback from small 

2 business concerns on the opportunities and bene3 fits for small business concerns in the financing 

4 products offered by the Bank, with particular 

5 emphasis on conducting outreach, enhancing the 

6 tailoring of products to small business needs and 

7 increasing loans to small business concerns; 

8 ‘‘(C) maintain liaison with the Small Busi9 ness Administration and other departments and 

10 agencies in matters affecting small business con11 cerns; and 

12 ‘‘(D) provide oversight of the development, 

13 implementation, and operation of technology im14 provements to strengthen small business out15 reach, including the technology improvement re16 quired by section 2(b)(1)(E)(x). 

17 ‘‘(2) MANAGEMENT.—The President of the Bank 

18 shall appoint an officer, who shall rank not lower 

19 than senior vice president and whose sole executive 

20 function shall be to manage the Division. The officer 

21 shall—

22 ‘‘(A) have substantial recent experience in 

23 financing exports by small business concerns; 

24 and 
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1 ‘‘(B) advise the Board, particularly the di2 rector appointed under section 3(c)(8)(B) to rep3 resent the interests of small business, on matters 

4 of interest to, and concern for, small business. 

5 ‘‘(g) SMALL BUSINESS SPECIALISTS.—

6 ‘‘(1) DEDICATED PERSONNEL.—The President of 

7 the Bank shall ensure that each operating division 

8 within the Bank has staff that specializes in proc9 essing transactions that primarily benefit small busi10 ness concerns (as defined in section 3(a) of the Small 

11 Business Act). 

12 ‘‘(2) RESPONSIBILITIES.—The small business 

13 specialists shall be involved in all aspects of proc14 essing applications for loans, guarantees, and insur15 ance to support exports by small business concerns, 

16 including the approval or disapproval, or staff rec17 ommendations of approval or disapproval, as appli18 cable, of such applications. In carrying out these re19 sponsibilities, the small business specialists shall con20 sider the unique business requirements of small busi21 nesses and shall develop exporter performance criteria 

22 tailored to small business exporters. 

23 ‘‘(3) APPROVAL AUTHORITY.—In an effort to 

24 maximize the speed and efficiency with which the 

25 Bank processes transactions primarily benefitting 
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1 small business concerns, the small business specialists 

2 shall be authorized to approve applications for work3 ing capital loans and guarantees, and insurance in 

4 accordance with policies and procedures established 

5 by the Board. It is the sense of Congress that the poli6 cies and procedures should not prohibit, where appro7 priate, small business specialists from approving ap8 plications for working capital loans and guarantees, 

9 and for insurance, in support of exports which have 

10 a value of less than $10,000,000. 

11 ‘‘(4) IDENTIFICATION.—The Bank shall promi12 nently identify the small business specialists on its 

13 website and in promotional material. 

14 ‘‘(5) EMPLOYEE EVALUATIONS.—The evaluation 

15 of staff designated by the President of the Bank under 

16 paragraph (1), including annual reviews of perform17 ance of duties related to transactions in support of ex18 ports by small business concerns, and any resulting 

19 recommendations for salary adjustments, promotions, 

20 and other personnel actions, shall address the criteria 

21 established pursuant to subsection (h)(2)(B)(iii) and 

22 shall be conducted by the manager of the relevant op23 erating division following consultation with the offi24 cer appointed to manage the Small Business Division 

25 pursuant to subsection (f)(2). 
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1 ‘‘(6) STAFF RECOMMENDATIONS.—Staff rec2 ommendations of denial or withdrawal for medium3 term applications, exporter held multi-buyer policies, 

4 single buyer policies, and working capital applica5 tions processed by the Bank shall be transmitted to 

6 the officer appointed to manage the Small Business 

7 Division pursuant to subsection (f)(2) not later than 

8 2 business days before a final decision. 

9 ‘‘(7) RULE OF INTERPRETATION.—Nothing in 

10 this Act shall be construed to prevent the delegation 

11 to the Division of any authority necessary to carry 

12 out subparagraphs (E) and (I) of section 2(b)(1). 

13 ‘‘(h) SMALL BUSINESS COMMITTEE.—

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

15 management committee to be known as the ‘Small 

16 Business Committee’. 

17 ‘‘(2) PURPOSE AND DUTIES.—

18 ‘‘(A) PURPOSE.—The purpose of the Small 

19 Business Committee shall be to coordinate the 

20 Bank’s initiatives and policies with respect to 

21 small business concerns (as defined in section 

22 3(a) of the Small Business Act), including the 

23 timely processing and underwriting of trans24 actions involving direct exports by small busi25 ness concerns, and the development and coordi-
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1 nation of efforts to implement new or enhanced 

2 Bank products and services pertaining to small 

3 business concerns. 

4 ‘‘(B) DUTIES.—The duties of the Small 

5 Business Committee shall be determined by the 

6 President of the Bank and shall include the fol7 lowing: 

8 ‘‘(i) Assisting in the development of the 

9 Bank’s small business strategic plans, in10 cluding the Bank’s plans for carrying out 

11 section 2(b)(1)(E) (v) and (x), and meas12 uring and reporting in writing to the Presi13 dent of the Bank, at least once a year, on 

14 the Bank’s progress in achieving the goals 

15 set forth in the plans. 

16 ‘‘(ii) Evaluating and reporting in 

17 writing to the President of the Bank, at 

18 least once a year, with respect to—

19 ‘‘(I) the performance of each oper20 ating division of the Bank in serving 

21 small business concerns; 

22 ‘‘(II) the impact of processing and 

23 underwriting standards on trans24 actions involving direct exports by 

25 small business concerns; and 
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1 ‘‘(III) the adequacy of the staffing 

2 and resources of the Small Business 

3 Division. 

4 ‘‘(iii) Establishing criteria for evalu5 ating the performance of staff designated by 

6 the President of the Bank under subsection 

7 (g)(1). 

8 ‘‘(iv) Coordinating the provision of 

9 services with other United States Govern10 ment departments and agencies to small 

11 business concerns. 

12 ‘‘(3) COMPOSITION.—

13 ‘‘(A) CHAIRPERSON.—The Chairperson of 

14 the Small Business Committee shall be the officer 

15 appointed to manage the Small Business Divi16 sion pursuant to subsection (f)(2). The Chair17 person shall have the authority to call meetings 

18 of the Small Business Committee, set the agenda 

19 for Committee meetings, and request policy rec20 ommendations from the Committee’s members. 

21 ‘‘(B) OTHER MEMBERS.—Except as other22 wise provided in this subsection, the President of 

23 the Bank shall determine the composition of the 

24 Small Business Committee, and shall appoint or 

25 remove the members of the Small Business Com-
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1 mittee. In making such appointments, the Presi2 dent of the Bank shall ensure that the Small 

3 Business Committee is comprised of—

4 ‘‘(i) the senior managing officers re5 sponsible for underwriting and processing 

6 transactions; and 

7 ‘‘(ii) other officers and employees of the 

8 Bank with responsibility for outreach to 

9 small business concerns and underwriting 

10 and processing transactions that involve 

11 small business concerns. 

12 ‘‘(4) REPORTING.—The Chairperson shall pro13 vide to the President of the Bank minutes of each 

14 meeting of the Small Business Committee, including 

15 any recommendations by the Committee or its indi16 vidual members.’’. 

17 (b) ENHANCE DELEGATED LOAN AUTHORITY FOR ME18 DIUM TERM TRANSACTIONS.—

19 (1) IN GENERAL.—The Export-Import Bank of 

20 the United States shall seek to expand the exercise of 

21 authority under section 2(b)(1)(E)(vii) of the Export22 Import Bank Act of 1945 (12 U.S.C. 

23 635(b)(1)(E)(vii)) with respect to medium term trans24 actions for small business concerns. 
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1 (2) CONFORMING AMENDMENT.—Section 

2 2(b)(1)(E)(vii)(III) of the Export-Import Bank Act of 

3 1945 (12 U.S.C. 635(b)(1)(E)(vii)(III)) is amended 

4 by inserting ‘‘or other financing institutions or enti5 ties’’ after ‘‘consortia’’. 

6 (3) DEADLINE.—Not later than 180 days after 

7 the date of the enactment of this Act, the Export-Im8 port Bank of the United States shall make available 

9 lines of credit and guarantees to carry out section 

10 2(b)(1)(E)(vii) of the Export-Import Bank Act of 

11 1945 pursuant to policies and procedures established 

12 by the Board of Directors of the Export-Import Bank 

13 of the United States. 

14 SEC. 7. ANTI-CIRCUMVENTION. 

15 Section 2(e) of the Export-Import Bank Act of 1945 

16 (12 U.S.C. 635(e)), as amended by section 5 of this Act, 

17 is amended—

18 (1) by inserting after paragraph (1), the fol19 lowing flush paragraph: 

20 ‘‘In making the determination under subparagraph 

21 (B), the Bank shall determine whether the facility 

22 that would benefit from the extension of a credit or 

23 guarantee is reasonably likely to produce a com24 modity in addition to, or other than, the commodity 

25 specified in the application and whether the produc-
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1 tion of the additional commodity may cause substan2 tial injury to United States producers of the same, or 

3 a similar or competing, commodity.’’; 

4 (2) in paragraph (2), by adding at the end the 

5 following: 

6 ‘‘(E) ANTI-CIRCUMVENTION.—The Bank 

7 shall not provide a loan or guarantee if the Bank 

8 determines that providing the loan or guarantee 

9 will facilitate circumvention of an order or de10 termination referred to in subparagraph (A).’’; 

11 and 

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

13 ‘‘(6) FINANCIAL THRESHOLD DETERMINA14 TIONS.—For purposes of determining whether a pro15 posed transaction exceeds a financial threshold under 

16 this subsection or under the procedures or rules of the 

17 Bank, the Bank shall aggregate the dollar amount of 

18 the proposed transaction and the dollar amounts of 

19 all loans and guarantees, approved by the Bank in 

20 the preceding 24-month period, that involved the same 

21 foreign entity and substantially the same product to 

22 be produced.’’. 

23 SEC. 8. TRANSPARENCY. 

24 (a) IN GENERAL.—Section 2(e) of the Export-Import 

25 Bank Act of 1945 (12 U.S.C. 635(e)), as amended by sec-
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1 tions 5 and 7 of this Act, is amended by adding at the 

2 end the following: 

3 ‘‘(7) PROCEDURES TO REDUCE ADVERSE EF4 FECTS OF LOANS AND GUARANTEES ON INDUSTRIES

5 AND EMPLOYMENT IN UNITED STATES.—

6 ‘‘(A) CONSIDERATION OF ECONOMIC EF7 FECTS OF PROPOSED TRANSACTIONS.—If, in 

8 making a determination under this paragraph 

9 with respect to a loan or guarantee, the Bank 

10 conducts a detailed economic impact analysis or 

11 similar study, the analysis or study, as the case 

12 may be, shall include consideration of—

13 ‘‘(i) the factors set forth in subpara14 graphs (A) and (B) of paragraph (1); and 

15 ‘‘(ii) the views of the public and inter16 ested parties. 

17 ‘‘(B) NOTICE AND COMMENT REQUIRE18 MENTS.—

19 ‘‘(i) IN GENERAL.—If, in making a de20 termination under this subsection with re21 spect to a loan or guarantee, the Bank in22 tends to conduct a detailed economic impact 

23 analysis or similar study, the Bank shall 

24 publish in the Federal Register a notice of 

25 the intent, and provide a period of not less 
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1 than 14 days (which, on request by any af2 fected party, shall be extended to a period of 

3 not more than 30 days) for the submission 

4 to the Bank of comments on the economic ef5 fects of the provision of the loan or guar6 antee, including comments on the factors set 

7 forth in subparagraphs (A) and (B) of 

8 paragraph (1). In addition, the Bank shall 

9 seek comments on the economic effects from 

10 the Department of Commerce, the Office of 

11 Management and Budget, the Committee on 

12 Banking, Housing, and Urban Affairs of 

13 the Senate, and the Committee on Financial 

14 Services of the House of Representatives. 

15 ‘‘(ii) CONTENT OF NOTICE.—The notice 

16 shall include appropriate, nonproprietary 

17 information about—

18 ‘‘(I) the country to which the 

19 goods involved in the transaction will 

20 be shipped; 

21 ‘‘(II) the type of goods being ex22 ported; 

23 ‘‘(III) the amount of the loan or 

24 guarantee involved; 
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1 ‘‘(IV) the goods that would be pro2 duced as a result of the provision of the 

3 loan or guarantee; 

4 ‘‘(V) the amount of increased pro5 duction that will result from the trans6 action; 

7 ‘‘(VI) the potential sales market 

8 for the resulting goods; and 

9 ‘‘(VII) the value of the trans10 action. 

11 ‘‘(iii) PROCEDURE REGARDING MATE12 RIALLY CHANGED APPLICATIONS.—

13 ‘‘(I) IN GENERAL.—If a material 

14 change is made to an application for a 

15 loan or guarantee from the Bank after 

16 a notice with respect to the intent de17 scribed in clause (i) is published under 

18 this subparagraph, the Bank shall pub19 lish in the Federal Register a revised 

20 notice of the intent, and shall provide 

21 for a comment period, as provided in 

22 clauses (i) and (ii). 

23 ‘‘(II) MATERIAL CHANGE DE24 FINED.—As used in subclause (I), the 
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1 term ‘material change’, with respect to 

2 an application, includes—

3 ‘‘(aa) a change of at least 25 

4 percent in the amount of a loan 

5 or guarantee requested in the ap6 plication; and 

7 ‘‘(bb) a change in the prin8 cipal product to be produced as a 

9 result of any transaction that 

10 would be facilitated by the provi11 sion of the loan or guarantee. 

12 ‘‘(C) REQUIREMENT TO ADDRESS VIEWS OF

13 ADVERSELY AFFECTED PERSONS.—Before taking 

14 final action on an application for a loan or 

15 guarantee to which this section applies, the staff 

16 of the Bank shall provide in writing to the 

17 Board of Directors the views of any person who 

18 submitted comments pursuant to subparagraph 

19 (B). 

20 ‘‘(D) PUBLICATION OF CONCLUSIONS.—

21 Within 30 days after a party affected by a final 

22 decision of the Board of Directors with respect to 

23 a loan or guarantee makes a written request 

24 therefor, the Bank shall provide to the affected 

25 party a non-confidential summary of the facts 
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1 found and conclusions reached in any detailed 

2 economic impact analysis or similar study con3 ducted pursuant to subparagraph (B) with re4 spect to the loan or guarantee, that were sub5 mitted to the Board of Directors. 

6 ‘‘(E) RULE OF INTERPRETATION.—This 

7 paragraph shall not be construed to make sub8 chapter II of chapter 5 of title 5, United States 

9 Code, applicable to the Bank. 

10 ‘‘(F) REGULATIONS.—The Bank shall im11 plement such regulations and procedures as may 

12 be appropriate to carry out this paragraph.’’. 

13 (b) CONFORMING AMENDMENT.—Section 2(e)(2)(C) of 

14 such Act (12 U.S.C. 635(e)(2)(C)) is amended by inserting 

15 ‘‘of not less than 14 days (which, on request of any affected 

16 party, shall be extended to a period of not more than 30 

17 days)’’ after ‘‘comment period’’. 

18 SEC. 9. AGGREGATE LOAN, GUARANTEE, AND INSURANCE 

19 AUTHORITY. 

20 Subparagraph (E) of section 6(a)(2) of the Export-Im21 port Bank Act of 1945 (12 U.S.C. 635e(a)(2)) is amended 

22 to read as follows: 

23 ‘‘(E) during fiscal year 2006, and each fis24 cal year thereafter through fiscal year 2011,’’. 
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1 SEC. 10. TIED AID CREDIT PROGRAM. 

2 (a) IN GENERAL.—Section 10(b)(5)(B)(ii) of the Ex3 port-Import Bank Act of 1945 (12 U.S.C. 635i–

4 3(b)(5)(B)(ii)) is amended to read as follows: 

5 ‘‘(ii) PROCESS.—In handling indi6 vidual applications involving the use or po7 tential use of the Tied Aid Credit Fund the 

8 following process shall exclusively apply 

9 pursuant to subparagraph (A): 

10 ‘‘(I) The Bank shall process an 

11 application for tied aid in accordance 

12 with the principles and standards de13 veloped pursuant to subparagraph (A) 

14 and clause (i) of this subparagraph. 

15 ‘‘(II) Twenty days prior to the 

16 scheduled meeting of the Board of Di17 rectors at which an application will be 

18 considered (unless the Bank determines 

19 that an earlier discussion is appro20 priate based on the facts of a par21 ticular financing), the Bank shall brief 

22 the Secretary on the application and 

23 deliver to the Secretary such docu24 ments, information, or data as may 

25 reasonably be necessary to permit the 

26 Secretary to review the application to 
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1 determine if the application complies 

2 with the principles and standards de3 veloped pursuant to subparagraph (A) 

4 and clause (i) of this subparagraph. 

5 ‘‘(III) The Secretary may request 

6 a single postponement of the consider7 ation by the Board of Directors of the 

8 application for up to 14 days to allow 

9 the Secretary to submit to the Board of 

10 Directors a memorandum objecting to 

11 the application. 

12 ‘‘(IV) Case-by-case decisions on 

13 whether to approve the use of the Tied 

14 Aid Credit Fund shall be made by the 

15 Board of Directors, except that the ap16 proval of the Board of Directors (or a 

17 commitment letter based on that ap18 proval) shall not become final (except 

19 as provided in subclause (V)), if the 

20 Secretary indicates to the President of 

21 the Bank in writing the Secretary’s in22 tention to appeal the decision of the 

23 Board of Directors to the President of 

24 the United States and makes the ap25 peal in writing not later than 20 days 
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1 after the meeting at which the Board of 

2 Directors considered the application. 

3 ‘‘(V) The Bank shall not grant 

4 final approval of an application for 

5 any tied aid credit (or a commitment 

6 letter based on that approval) if the 

7 President of the United States, after 

8 consulting with the President of the 

9 Bank and the Secretary, determines 

10 within 30 days of an appeal by the 

11 Secretary under subclause (IV) that the 

12 extension of the tied aid credit would 

13 materially impede achieving the pur14 poses described in subsection (a)(6). If 

15 no such Presidential determination is 

16 made during the 30-day period, the 

17 approval by the Bank of the applica18 tion (or related commitment letter) 

19 that was the subject of such appeal 

20 shall become final.’’. 

21 (b) CLARIFICATION OF USE OF TIED AID CREDIT

22 FUND TO MATCH.—Section 10 of the Export-Import Bank 

23 Act of 1945 (12 U.S.C. 635i–3) is amended—

24 (1) in subsection (a), in paragraph (6)—
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1 (A) in the matter preceding subparagraph 

2 (A), by inserting ‘‘, including those that are not 

3 a party to the Arrangement,’’ after ‘‘countries’’; 

4 (B) in subparagraph (B), by adding ‘‘and’’ 

5 at the end; and 

6 (C) by inserting after subparagraph (B) the 

7 following: 

8 ‘‘(C) promoting compliance with Arrange9 ment rules among foreign export credit agencies 

10 that are not a party to the Arrangement;’’; and 

11 (2) in subsection (b), in paragraph (5)(B)—

12 (A) in clause (i)—

13 (i) in subclause (I), by striking ‘‘and’’ 

14 and by inserting ‘‘, and to seek compliance 

15 by those countries that are not a party to 

16 the Arrangement’’ before the period; and 

17 (ii) in subclause (III), by adding at 

18 the end the following: ‘‘In cases where infor19 mation about a specific offer of foreign tied 

20 aid (or untied aid used to promote exports 

21 as if it were tied aid) is not available in a 

22 timely manner, or is unavailable because 

23 the foreign export credit agency involved is 

24 not subject to the reporting requirements 

25 under the Arrangement, then the Bank may 
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1 decide to use the Tied Aid Credit Fund 

2 based on credible evidence of a history of 

3 such offers under similar circumstances or 

4 other forms of credible evidence.’’. 

5 SEC. 11. PROHIBITION ON ASSISTANCE TO DEVELOP OR 

6 PROMOTE CERTAIN RAILWAY CONNECTIONS 

7 AND RAILWAY-RELATED CONNECTIONS. 

8 Section 2(b) of the Export-Import Act of 1945 (12 

9 U.S.C. 635(b)) is amended by adding at the end the fol10 lowing new paragraph: 

11 ‘‘(13) PROHIBITION ON ASSISTANCE TO DEVELOP OR

12 PROMOTE CERTAIN RAILWAY CONNECTIONS AND RAILWAY13 RELATED CONNECTIONS.—The Bank shall not guarantee, 

14 insure, or extend (or participate in the extension of) credit 

15 in connection with the export of any good or service relating 

16 to the development or promotion of any railway connection 

17 or railway-related connection that does not traverse or con18 nect with Armenia and does traverse or connect Baku, Azer19 baijan, Tbilisi, Georgia, and Kars, Turkey.’’. 

20 SEC. 12. PROCESS FOR NOTIFYING APPLICANTS OF APPLI21 CATION STATUS; IMPLEMENTATION OF EX-IM 

22 ONLINE. 

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

24 U.S.C. 635) is amended by adding at the end the following: 
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1 ‘‘(g) PROCESS FOR NOTIFYING APPLICANTS OF APPLI2 CATION STATUS.—The Bank shall establish and adhere to 

3 a clearly defined process for—

4 ‘‘(1) acknowledging receipt of applications; 

5 ‘‘(2) informing applicants that their applica6 tions are complete or, if incomplete or containing a 

7 minor defect, of the additional material or changes 

8 that, if supplied or made, would make the application 

9 eligible for consideration; and 

10 ‘‘(3) keeping applicants informed of the status of 

11 their applications, including a clear and timely noti12 fication of approval or disapproval, and, in the case 

13 of disapproval, the reason for disapproval, as appro14 priate. 

15 ‘‘(h) RESPONSE TO APPLICATION FOR FINANCING; IM16 PLEMENTATION OF ONLINE LOAN REQUEST AND TRACKING

17 PROCESS.—

18 ‘‘(1) RESPONSE TO APPLICATIONS.—Within 5 

19 days after the Bank receives an application for fi20 nancing, the Bank shall notify the applicant that the 

21 application has been received, and shall include in 

22 the notice—

23 ‘‘(A) a request for such additional informa24 tion as may be necessary to make the applica25 tion complete; 
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1 ‘‘(B) the name of a Bank employee who 

2 may be contacted with questions relating to the 

3 application; and 

4 ‘‘(C) a unique identification number which 

5 may be used to review the status of the applica6 tion at a website established by the Bank. 

7 ‘‘(2) WEBSITE.—Not later than September 1, 

8 2007, the Bank shall exercise the authority granted by 

9 subparagraphs (E)(x) and (J) of subsection (b)(1) to 

10 establish, and thereafter to maintain, a website 

11 through which—

12 ‘‘(A) Bank products may be applied for; 

13 and 

14 ‘‘(B) information may be obtained with re15 spect to—

16 ‘‘(i) the status of any such application; 

17 ‘‘(ii) the Small Business Division of 

18 the Bank; and 

19 ‘‘(iii) incentives, preferences, targets, 

20 and goals relating to small business con21 cerns (as defined in Section 3(a) of the 

22 Small Business Act), including small busi23 ness concerns exporting to Africa.’’. 
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1 SEC. 13. COMPETITIVENESS INITIATIVES. 

2 (a) EXPANSION OF SCOPE OF ANNUAL COMPETITIVE3 NESS REPORT.—The Export-Import Bank Act of 1945 (12 

4 U.S.C. 635 et seq.) is amended by inserting after section 

5 8 the following: 

6 ‘‘SEC. 8A. ANNUAL COMPETITIVENESS REPORT. 

7 ‘‘(a) IN GENERAL.—Not later than June 30 of each 

8 year, the Bank shall submit to the appropriate congres9 sional committees a report that includes the following: 

10 ‘‘(1) ACTIONS OF BANK IN PROVIDING FINANCING

11 ON A COMPETITIVE BASIS, AND TO MINIMIZE COM12 PETITION IN GOVERNMENT-SUPPORTED EXPORT FI13 NANCING.—A description of the actions of the Bank in 

14 complying with the second and third sentences of sec15 tion 2(b)(1)(A). In this part of the report, the Bank 

16 shall include a survey of all other major export-fi17 nancing facilities available from other governments 

18 and government-related agencies through which for19 eign exporters compete with United States exporters 

20 (including through use of market windows (as defined 

21 pursuant to section 10(h)(7))) and, to the extent such 

22 information is available to the Bank, indicate in spe23 cific terms the ways in which the Bank’s rates, terms, 

24 and other conditions compare with those offered from 

25 such other governments directly or indirectly. With 

26 respect to the preceding sentence, the Bank shall use 
28

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1 all available information to estimate the annual 

2 amount of export financing available from each such 

3 government and government-related agency. In this 

4 part of the report, the Bank shall include a survey of 

5 a representative number of United States exporters 

6 and United States commercial lending institutions 

7 which provide export credit on the experience of the 

8 exporters and institutions in meeting financial com9 petition from other countries whose exporters compete 

10 with United States exporters. 

11 ‘‘(2) ROLE OF BANK IN IMPLEMENTING STRA12 TEGIC PLAN PREPARED BY THE TRADE PROMOTION

13 COORDINATING COMMITTEE.—A description of the role 

14 of the Bank in implementing the strategic plan pre15 pared by the Trade Promotion Coordinating Com16 mittee in accordance with section 2312 of the Export 

17 Enhancement Act of 1988. 

18 ‘‘(3) TIED AID CREDIT PROGRAM AND FUND.—

19 The report required by section 10(g). 

20 ‘‘(4) PURPOSE OF ALL BANK TRANSACTIONS.—A 

21 description of all Bank transactions which shall be 

22 classified according to their principal purpose, such 

23 as to correct a market failure or to provide matching 

24 support. 
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1 ‘‘(5) EFFORTS OF BANK TO PROMOTE EXPORT OF

2 GOODS AND SERVICES RELATED TO RENEWABLE EN3 ERGY SOURCES.—A description of the activities of the 

4 Bank with respect to financing renewable energy 

5 projects undertaken under section 2(b)(1)(K), and an 

6 analysis comparing the level of credit extended by the 

7 Bank for renewable energy projects with the level of 

8 credit so extended for the preceding fiscal year. 

9 ‘‘(6) SIZE OF BANK PROGRAM ACCOUNT.—A sep10 arate section which—

11 ‘‘(A) compares, to the extent practicable, the 

12 size of the Bank program account with the size 

13 of the program accounts of the other major ex14 port-financing facilities referred to in paragraph 

15 (1); and 

16 ‘‘(B) makes recommendations, if appro17 priate, with respect to the relative size of the 

18 Bank program account, based on factors includ19 ing whether the size differences are in the best 

20 interests of the United States taxpayer. 

21 ‘‘(7) CO-FINANCING PROGRAMS OF THE BANK

22 AND OF OTHER EXPORT CREDIT AGENCIES.—A de23 scription of the co-financing programs of the Bank 

24 and of the other major export-financing facilities re25 ferred to in paragraph (1), which includes a list of 
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1 countries with which the United States has in effect 

2 a memorandum of understanding relating to export 

3 credit agency co-financing and, if such a memo4 randum is not in effect with any country with a 

5 major export credit-financing facility, an explanation 

6 of why such a memorandum is not in effect. 

7 ‘‘(8) SERVICES SUPPORTED BY THE BANK AND

8 BY OTHER EXPORT CREDIT AGENCIES.—A separate 

9 section which describes the participation of the Bank 

10 in providing funding, guarantees, or insurance for 

11 services, which shall include appropriate information 

12 on the involvement of the other major export-financ13 ing facilities referred to in paragraph (1) in pro14 viding such support for services, and an explanation 

15 of any differences among the facilities in providing 

16 the support. 

17 ‘‘(9) EXPORT FINANCE CASES NOT IN COMPLI18 ANCE WITH THE ARRANGEMENT.—Detailed informa19 tion on cases reported to the Bank of export financing 

20 that appear not to comply with the Arrangement (as 

21 defined in section 10(h)(3)) or that appear to exploit 

22 loopholes in the Arrangement for the purpose of ob23 taining a commercial competitive advantage. The 

24 President of the Bank, in consultation with the Sec25 retary of the Treasury, may provide to the appro-
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1 priate congressional committees the information re2 quired by this subsection in a separate and confiden3 tial report, instead of providing such information in 

4 the report required by this subsection. 

5 ‘‘(10) FOREIGN EXPORT CREDIT AGENCY ACTIVI6 TIES NOT CONSISTENT WITH THE WTO AGREEMENT

7 ON SUBSIDIES AND COUNTERVAILING MEASURES.—A 

8 description of the extent to which the activities of for9 eign export credit agencies and other entities spon10 sored by a foreign government, particularly those that 

11 are not members of the Arrangement (as defined in 

12 section 10(h)(3)), appear not to comply with the Ar13 rangement and appear to be inconsistent with the 

14 terms of the Agreement on Subsidies and Counter15 vailing Measures referred to in section 101(d)(12) of 

16 the Uruguay Round Agreements Act (19 U.S.C. 

17 3511(d)(12)), and a description of the actions taken 

18 by the United States Government to address the ac19 tivities. The President of the Bank, in consultation 

20 with the Secretary of the Treasury, may provide to 

21 the appropriate congressional committees, the infor22 mation required by this subsection in a separate and 

23 confidential report, instead of providing such infor24 mation in the report required by this subsection. 
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1 ‘‘(b) INCLUSION OF ADDITIONAL COMMENTS.—The re2 port required by subsection (a) shall include such addi3 tional comments as any member of the Board of Directors 

4 may submit to the Board for inclusion in the report. 

5 ‘‘(c) APPROPRIATE CONGRESSIONAL COMMITTEES.—

6 The term ‘appropriate congressional committees’ means the 

7 Committee on Financial Services of the House of Represent8 atives and the Committee on Banking, Housing, and Urban 

9 Affairs of the Senate.’’. 

10 (b) CONFORMING AMENDMENT.—Section 2(b)(1)(A) of 

11 such Act (12 U.S.C. 635(b)(1)(A)) is amended by striking 

12 all that follows the third sentence. 

13 (c) EXPANSION OF COUNTRIES IN COMPETITION WITH

14 WHICH THE BANK IS TO PROVIDE EXPORT FINANCING.—

15 Section 2(b)(1)(A) of such Act (12 U.S.C. 635(b)(1)(A)) is 

16 amended in the second sentence by inserting ‘‘, including 

17 countries the governments of which are not members of the 

18 Arrangement (as defined in section 10(h)(3))’’ before the pe19 riod. 

20 (d) SENSE OF CONGRESS REGARDING NEGOTIATION

21 OF THE OECD ARRANGEMENT.—It is the sense of Congress 

22 that in the negotiation of the Arrangement (as defined in 

23 section 10(h)(3) of the Export-Import Bank Act of 1945) 

24 the goals of the United States include the following: 
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1 (1) Seeking compliance with the Arrangement 

2 among countries with significant export credit pro3 grams who are not members of the Arrangement. 

4 (2) Seeking to identify within the World Trade 

5 Organization the extent to which countries that are 

6 not a party to the Arrangement are not in compli7 ance with the terms of the Agreement on Subsidies 

8 and Countervailing Measures referred to in section 

9 101(d)(12) of the Uruguay Round Agreements Act (19 

10 U.S.C. 3511(d)(12)) with respect to export finance, 

11 and seeking appropriate action within the World 

12 Trade Organization for each country that is not in 

13 such compliance. 

14 (3) Implementing new disciplines on the use of 

15 untied aid, market windows, and other forms of ex16 port finance that seek to exploit loopholes in the Ar17 rangement for purposes of obtaining a commercial 

18 competitive advantage. 

19 SEC. 14. OFFICE OF FINANCING FOR SOCIALLY AND ECO20 NOMICALLY DISADVANTAGED SMALL BUSI21 NESS CONCERNS AND SMALL BUSINESS CON22 CERNS OWNED BY WOMEN. 

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

24 Bank Act of 1945 (12 U.S.C. 635a), as added by section 

25 6, is amended by adding at the end the following: 
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1 ‘‘(i) OFFICE OF FINANCING FOR SOCIALLY AND ECO2 NOMICALLY DISADVANTAGED SMALL BUSINESS CONCERNS

3 AND SMALL BUSINESS CONCERNS OWNED BY WOMEN.—

4 ‘‘(1) ESTABLISHMENT.—The President of the 

5 Bank shall establish in the Small Business Division 

6 an office whose sole functions shall be to continue and 

7 enhance the outreach activities of the Bank with re8 spect to, and increase the total amount of loans, guar9 antees, and insurance provided by the Bank to sup10 port exports by, socially and economically disadvan11 taged small business concerns (as defined in section 

12 8(a)(4) of the Small Business Act) and small business 

13 concerns owned by women. 

14 ‘‘(2) MANAGEMENT.—The office shall be managed 

15 by a Bank officer of appropriate rank who shall re16 port to the Bank officer designated under subsection 

17 (f)(2). 

18 ‘‘(3) STAFFING.—To the maximum extent prac19 ticable, the President of the Bank shall ensure that 

20 qualified minority and women applicants are consid21 ered when filling any position in the office.’’. 

22 (b) FINANCING DIRECTED TOWARD SMALL BUSI23 NESSES OWNED BY MINORITIES OR WOMEN.—Section 

24 2(b)(1)(E)(v) of such Act (12 U.S.C. 635(b)(1)(E)(v)) is 

25 amended by adding at the end the following: ‘‘From the 
35

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1 amount made available under the preceding sentence, it 

2 shall be a goal of the Bank to increase the amount made 

3 available to finance exports directly by small business con4 cerns referred to in section 3(i)(1).’’. 

5 SEC. 15. GOVERNANCE. 

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

7 (12 U.S.C. 635a(c)) is amended by adding at the end the 

8 following: 

9 ‘‘(9) At the request of any 2 members of the Board 

10 of Directors, the Chairman of the Board shall place an item 

11 pertaining to the policies or procedures of the Bank on the 

12 agenda for discussion by the Board. Within 30 days after 

13 the date such a request is made, the Chairman shall hold 

14 a meeting of the Board at which the item shall be dis15 cussed.’’. 

16 SEC. 16. SENSE OF CONGRESS REGARDING MULTI-BUYER 

17 INSURANCE AND WORKING CAPITAL GUAR18 ANTEE PROGRAMS. 

19 It is the sense of Congress that the Export-Import 

20 Bank of the United States should seek to expand the number 

21 and size of the regional multi-buyer insurance programs 

22 and working capital guarantee programs operated by, 

23 through, or in conjunction with the Bank. 
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1 SEC. 17. SENSE OF CONGRESS REGARDING AN OFFICE OF 

2 RENEWABLE ENERGY PROMOTION. 

3 It is the sense of Congress that—

4 (1) the Export-Import Bank of the United States 

5 should establish, within 2 years of the date of the en6 actment of this Act, an Office of Renewable Energy 

7 Promotion staffed by individuals with appropriate 

8 expertise in renewable energy technologies to 

9 proactively identify new opportunities for renewable 

10 energy financing and to carry out section 2(b)(1)(K) 

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

12 635(b)(1)(K)); 

13 (2) in carrying out the purposes of such an Of14 fice of Renewable Energy Promotion, the head of such 

15 Office should consider the recommendations of the Re16 newable Energy Exports Advisory Committee of the 

17 Bank to promote renewable energy technologies; and 

18 (3) the Bank should include in its annual report 

19 a description of the activities carried out by such an 

20 Office of Renewable Energy Promotion, including for 

21 each year a description of the amount of credit ex22 tended by the Bank for renewable energy technologies 

23 during that year and a comparison between that 

24 amount and the amount of such credit extended by 

25 the Bank in previous years. 
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1 SEC. 18. ENVIRONMENTAL MATTERS. 

2 (a) ENVIRONMENTAL REPRESENTATIVES ON THE AD3 VISORY COMMITTEE.—Section 3(d) of the Export-Import 

4 Bank Act of 1945 (12 U.S.C. 635a(d)) is amended—

5 (1) in paragraph (1)—

6 (A) in subparagraph (A), by striking ‘‘15’’ 

7 and inserting ‘‘17’’; and 

8 (B) in subparagraph (B), by inserting ‘‘en9 vironment,’’ before ‘‘production,’’; and 

10 (2) in paragraph (2), by adding at the end the 

11 following: 

12 ‘‘(C) Not less than 2 members appointed to the 

13 Advisory Committee shall be representative of the en14 vironmental nongovernmental organization commu15 nity, except that no 2 of the members shall be from 

16 the same environmental organization.’’. 

17 (b) PUBLIC DISCLOSURE OF CERTAIN DOCUMENTS.—

18 Section 11(a)(1) of the Export-Import Bank of 1945 (12 

19 U.S.C. 635i-5(a)(1)) is amended by inserting after the first 

20 sentence the following: ‘‘Such procedures shall provide for 

21 the public disclosure of environmental assessments and sup22 plemental environmental reports required to be submitted 

23 to the Bank, including remediation or mitigation plans and 

24 procedures, and related monitoring reports. The preceding 

25 sentence shall not be interpreted to require the public disclo-
38

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1 sure of any information described in section 1905 of title 

2 18, United States Code.’’. 

3 SEC. 19. GOVERNMENT ACCOUNTABILITY OFFICE STUDY OF 

4 BANK PERFORMANCE STANDARDS FOR AS5 SISTANCE TO SMALL BUSINESSES, ESPE6 CIALLY THOSE OWNED BY SOCIALLY AND 

7 ECONOMICALLY DISADVANTAGED INDIVID8 UALS AND THOSE OWNED BY WOMEN. 

9 (a) PERFORMANCE STANDARDS.—The Bank shall de10 velop a set of performance standards for determining the 

11 extent to which the Bank has carried out successfully sub12 paragraphs (E) and (I) of section 2(b)(1) of the Export13 Import Bank Act of 1945, and the functions described in 

14 subsections (f)(1), (g)(1), (h)(1), and (i)(1) of section 3 of 

15 such Act. 

16 (b) ASSESSMENT OF STANDARDS.—Within 18 months 

17 after the date of the enactment of this Act, the Comptroller 

18 General of the United States shall transmit to the Com19 mittee on Financial Services of the House of Representa20 tives and the Committee on Banking, Housing, and Urban 

21 Affairs of the Senate—

22 (1) an assessment of the performance standards 

23 developed by the Bank pursuant to subsection (a); 

24 and 
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1 (2) using the performance standards developed 

2 pursuant to subsection (a), an assessment of the 

3 Bank’s efforts to carry out subparagraphs (E) and (I) 

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

5 1945, and the functions described in subsections 

6 (f)(1), (g)(1), (h)(1), and (i)(1) of section 3 of such 

7 Act. 

8 SEC. 20. REPORTS. 

9 Section 8 of the Export-Import Bank Act of 1945 (12 

10 U.S.C. 635g) is amended by adding at the end the following: 

11 ‘‘(f) ADDITIONAL REPORTS.—Not later than March 31 

12 of each year, the Bank shall submit to the Committee on 

13 Financial Services of the House of Representatives and the 

14 Committee on Banking, Housing, and Urban Affairs of the 

15 Senate reports on—

16 ‘‘(1) the extent to which the Bank has been able 

17 to use the authority provided, and has complied with 

18 the mandates contained, in section 2(b)(1)(E), and to 

19 the extent the Bank has been unable to fully use such 

20 authority and comply with such mandates, a report 

21 on the reasons for the Bank’s inability to do so and 

22 the steps the Bank is taking to remedy such inability; 

23 ‘‘(2) the extent to which financing has been made 

24 available to small business concerns (described in sub25 section (e)) to enable them to participate in exports 
40

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1 by major contractors, including through access to the 

2 supply chains of the contractors through direct or in3 direct funding; 

4 ‘‘(3) the specific measures the Bank will take in 

5 the upcoming year to achieve the small business objec6 tives of the Bank, including expanded outreach, prod7 uct improvements, and related actions; 

8 ‘‘(4) the progress made by the Bank in sup9 porting exports by socially and economically dis10 advantaged small business concerns (defined in sec11 tion 8(a)(4) of the Small Business Act) and small 

12 business concerns (as defined in section 3(a) of the 

13 Small Business Act) owned by women, including esti14 mates of the amounts made available to finance ex15 ports directly by such small business concerns, a com16 parison of these amounts with the amounts made 

17 available to all small business concerns, and a com18 parison of such amounts with the amounts so made 

19 available during the 2 preceding years; 

20 ‘‘(5) with respect to each type of transaction, the 

21 interest and fees charged by the Bank to exporters 

22 (including a description of fees and interest, if any, 

23 charged to small business concerns), buyers, and other 

24 applicants in connection with each financing pro25 gram of the Bank, and the highest, lowest, and aver-
41

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1 age fees charged by the Bank for short term insurance 

2 transactions; 

3 ‘‘(6) the effects of the fees on the ability of the 

4 Bank to achieve the objectives of the Bank relating to 

5 small business; 

6 ‘‘(7) the fee structure of the Bank as compared 

7 with those of foreign export credit agencies; and 

8 ‘‘(8)(A) the efforts made by the Bank to carry 

9 out subparagraphs (E)(x) and (J) of section 2(b)(1) 

10 of the Export-Import Bank Act of 1945, including the 

11 total amount expended by the Bank to do so; and 

12 ‘‘(B) if the Bank has been unable to comply with 

13 such subparagraphs—

14 ‘‘(i) an analysis of the reasons therefor; and 

15 ‘‘(ii) what the Bank is doing to achieve, and 

16 the date by which the Bank expects to have 

17 achieved, such compliance.’’. 

18 SEC. 21. STUDY OF HOW EXPORT-IMPORT BANK COULD AS19 SIST UNITED STATES EXPORTERS TO MEET 

20 IMPORT NEEDS OF NEW OR IMPOVERISHED 

21 DEMOCRACIES; REPORT. 

22 (a) STUDY.—The Export-Import Bank of the United 

23 States shall conduct a study designed to assess the needs 

24 of new or impoverished democracies, such as Liberia and 

25 Haiti, for imports from the United States, and shall deter-
42

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1 mine what role the Bank can play a role in helping United 

2 States exporters seize the opportunities presented by the 

3 need for such imports. 

4 (b) REPORT TO CONGRESS.—Within 12 months after 

5 the date of the enactment of this Act, the Bank shall submit 

6 to the Committee on Financial Services of the House of Rep7 resentatives and the Committee on Banking, Housing, and 

8 Urban Affairs of the Senate, in writing, a final report that 

9 contains the results of the study required by subsection (a).

Attest:

Clerk. 
109TH CONGRESS 

2D SESSION S. 3938

AMENDMENT