Bank shall provide a notice and comment pe-
riod. 
‘‘(B) FINANCIAL THRESHOLD DETERMINA-
TIONS.—For purposes of determining whether 
the value of a proposed transaction exceeds the 
financial threshold set forth in subparagraph 
(A), the Bank shall aggregate the dollar 
amount of the proposed transaction and the 
dollar amounts of all long-term loans and guar-
antees, approved by the Bank in the preceding 
12-month period, that involved the same foreign 
entity and substantially the same product to be 
produced. 
‘‘(C) SPECIFIC REQUIREMENTS.— 
‘‘(i) IN GENERAL.—The Bank shall— 
‘‘(I) publish in the Federal Reg-
ister a notice of the application pro-
posing the transaction; 
‘‘(II) provide a period of not less 
than 25 days for the submission to 
the Bank of comments on the applica-
tion; and 
‘‘(III) notify the Committee on 
Banking, Housing, and Urban Affairs 
of the Senate, and the Committee on
Financial Services of the House of 
Representatives of the application, 
and seek comments on the application 
from the Department of Commerce 
and the Office of Management and 
Budget. 
‘‘(ii) CONTENT OF NOTICE.—The no-
tice published under clause (i)(I) with re-
spect to an application for a loan or finan-
cial guarantee shall include appropriate in-
formation about— 
‘‘(I) a brief non-proprietary de-
scription of the purposes of the trans-
action and the anticipated use of any 
item being exported, including, to the 
extent the Bank is reasonably aware, 
whether the item may be used to 
produce exports or provide services in 
competition with the exportation of 
goods or the provision of services by a 
United States industry; 
‘‘(II) the identities of the obligor, 
principal supplier, and guarantor; and 
‘‘(III) a description, such as type 
or model number, of any item with re-
spect to which Bank financing is 
being sought, but only to the extent 
the description does not disclose any 
information that is confidential or 
proprietary business information, that 
would violate the Trade Secrets Act, 
or that would jeopardize jobs in the 
United States by supplying informa-
tion which competitors could use to 
compete with companies in the United 
States. 
‘‘(D) PROCEDURE
REGARDING
MATERI-
ALLY CHANGED APPLICATIONS.— 
‘‘(i) IN
GENERAL.—If a material 
change is made to an application to which 
this paragraph applies, after a notice with 
respect to the application is published 
under subparagraph (C)(i)(I), the Bank 
shall publish in the Federal Register a re-
vised notice of the application and provide 
for an additional comment period as pro-
vided in subparagraph (C)(i)(II). 
‘‘(ii) MATERIAL CHANGE DEFINED.— 
In clause (i), the term ‘material change’, 
with respect to an application for a loan or
guarantee, includes an increase of at least 
25 percent in the amount of a loan or 
guarantee requested in the application. 
‘‘(E) REQUIREMENT
TO
ADDRESS
VIEWS 
OF COMMENTERS.—Before taking final action 
on an application to which this paragraph ap-
plies, the staff of the Bank shall provide in 
writing to the Board of Directors the views of 
any person who submitted comments on the ap-
plication pursuant to this paragraph. 
‘‘(F) PUBLICATION
OF
CONCLUSIONS.— 
Within 30 days after a final decision of the 
Board of Directors with respect to an applica-
tion to which this paragraph applies, the Bank 
shall provide to a commenter on the application 
or the decision who makes a request therefor, 
a non-confidential summary of the facts found 
and conclusions reached in any detailed analysis 
or similar study with respect to the loan or 
guarantee that is the subject of the application, 
that was submitted to the Board of Directors. 
Such summary should be sent within 30 days of 
the receipt of the written request or date of the 
final decision of the Board of Directors, which-
ever is later.
‘‘(G) RULE
OF
INTERPRETATION.—The 
obligations imposed by this paragraph shall not 
be interpreted to create, modify, or preclude 
any legal right of action.’’. 
(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) shall take effect 60 days after the date of 
the enactment of this Act. 
SEC. 10. CATEGORIZATION OF PURPOSE OF LOANS AND 
LONG-TERM GUARANTEES IN ANNUAL RE-
PORT. 
Section 8 of the Export-Import Bank Act of 1945 
(12 U.S.C. 635g), as amended by section 6 of this Act, 
is amended by adding at the end the following: 
‘‘(h) CATEGORIZATION OF PURPOSE OF LOANS AND 
LONG-TERM GUARANTEES.—In the annual report of the 
Bank under subsection (a), the Bank shall categorize each 
loan and long-term guarantee made by the Bank in the 
fiscal year covered by the report, and according to the fol-
lowing purposes: 
‘‘(1) ‘To assume commercial or political risk 
that exporter or private financial institutions are un-
willing or unable to undertake’. 
‘‘(2) ‘To overcome maturity or other limitations 
in private sector export financing’.
‘‘(3) ‘To meet competition from a foreign, offi-
cially sponsored, export credit competition’. 
‘‘(4) ‘Not identified’, and the reason why the 
purpose is not identified.’’. 
SEC. 11. NEGOTIATIONS TO END EXPORT CREDIT FINANC-
ING. 
(a) IN GENERAL.—The Secretary of the Treasury (in 
this section referred to as the ‘‘Secretary’’) shall initiate 
and pursue negotiations— 
(1) with other major exporting countries, in-
cluding members of the Organisation for Economic 
Co-operation and Development (OECD) and non- 
OECD members, to substantially reduce, with the 
ultimate goal of eliminating, subsidized export fi-
nancing programs and other forms of export sub-
sidies; and 
(2) with all countries that finance air carrier 
aircraft with funds from a state-sponsored entity, to 
substantially reduce, with the ultimate goal of elimi-
nating, aircraft export credit financing for all air-
craft covered by the 2007 Sector Understanding on 
Export Credits for Civil Aircraft (in this section re-
ferred to as the ‘‘ASU’’), including any modification 
thereof, and all of the following types of aircraft:
(A) Heavy aircraft that are capable of a 
takeoff weight of 300,000 pounds or more, 
whether or not operating at such a weight dur-
ing a particular phase of flight. 
(B) Large aircraft that are capable of a 
takeoff weight of more than 41,000 pounds, 
and have a maximum certificated takeoff weight 
of not more than 300,000 pounds. 
(C) Small aircraft that have a maximum 
certificated takeoff weight of 41,000 pounds or 
less. 
(b) ANNUAL REPORTS ON PROGRESS OF NEGOTIA-
TIONS.—Not later than 180 days after the date of the en-
actment of this Act, and annually thereafter, the Secretary 
shall submit to the Committee on Banking, Housing, and 
Urban Affairs of the Senate and the Committee on Finan-
cial Services of the House of Representatives— 
(1) a report on the progress of any negotiations 
described in subsection (a)(1), until the Secretary 
certifies in writing to the committees that all coun-
tries that support subsidized export financing pro-
grams have agreed to end the support; and 
(2) a report on the progress of any negotiations 
described in subsection (a)(2), including the progress 
of any negotiations with respect to each classifica-
tion of aircraft set forth in subsection (a)(2), until 
the Secretary certifies in writing to the committees 
that all countries that support subsidized export fi-
nancing programs have agreed to end the support of 
aircraft covered by the ASU. 
SEC. 12. PUBLICATION OF GUIDELINES FOR ECONOMIC IM-
PACT ANALYSES AND DOCUMENTATION OF 
SUCH ANALYSES. 
(a) PUBLICATION OF GUIDELINES.—Not later than 
180 days after the date of the enactment of this Act, the 
Export-Import Bank of the United States shall develop 
and make publicly available methodological guidelines to 
be used by the Bank in conducting economic impact anal-
yses or similar studies under section 2(e) of the Export- 
Import Bank Act of 1945. In developing the guidelines, 
the Bank shall take into consideration any relevant guid-
ance from the Office of Management and Budget. 
(b) MAINTENANCE
OF DOCUMENTATION.—Section 
2(e)(7) of the Export-Import Bank Act of 1945 (12 
U.S.C. 635(e)(7)) is amended by redesignating subpara-
graphs (E) and (F) as subparagraphs (F) and (G), respec-
tively, and inserting after subparagraph (D) the following: 
‘‘(E) 
MAINTENANCE
OF
DOCUMENTA-
TION.—The Bank shall maintain documentation 
relating to economic impact analyses and simi-
lar studies conducted under this subsection in a 
manner consistent with the Standards for Inter-
nal Control of the Federal Government issued 
by the Comptroller General of the United 
States.’’. 
SEC. 13. REPORT ON IMPLEMENTATION OF RECOMMENDA-
TIONS 
OF 
THE 
GOVERNMENT 
ACCOUNT-
ABILITY OFFICE. 
Not later than 180 days after the date of the enact-
ment of this Act, the Export-Import Bank of the United 
States shall submit to the Committee on Banking, Hous-
ing, and Urban Affairs of the Senate and the Committee 
on Financial Services of the House of Representatives a 
report on the implementation or rejection by the Bank of 
the recommendations contained in the report of the Gov-
ernment Accountability Office entitled ‘‘Export-Import 
Bank: Improvements Needed in Assessment of Economic 
Impact’’, dated September 12, 2007 (GAO–07–1071), 
that includes— 
(1) a detailed description of the progress made 
in implementing each such recommendation; and 
(2) for any such recommendation that has not 
yet been implemented, an explanation of the reasons 
the recommendation has not been implemented.
SEC. 14. EXAMINATION OF BANK SUPPORT FOR SMALL 
BUSINESS. 
Within 180 days after the date of the enactment of 
this Act, the Export-Import Bank of the United States 
shall examine and report to Congress on its current pro-
grams, products, and polices with respect to the implemen-
tation of its export credit insurance program, delegated 
lending authority, and direct loans, and any other pro-
grams, products, and policies established to support ex-
ports from small businesses in the United States, and de-
termine the extent to which those policies adequately meet 
the needs of the small businesses in obtaining Bank fi-
nancing to support the maintenance or creation of jobs 
in the United States through exports, consistent with the 
requirement that the Bank obtain a reasonable assurance 
of repayment. 
SEC. 15. REVIEW AND REPORT ON DOMESTIC CONTENT 
POLICY. 
(a) IN GENERAL.—The Export-Import Bank of the 
United States shall conduct a review of its domestic con-
tent policy for medium- and long-term transactions. The 
review shall examine and evaluate the effectiveness of the 
Bank’s policy— 
(1) in maintaining and creating jobs in the 
United States; and
(2) in contributing to a stronger national econ-
omy through the export of goods and services. 
(b) FACTORS TO CONSIDER.—In conducting the re-
view under subsection (a), the Bank shall consider the fol-
lowing: 
(1) Whether the domestic content policy accu-
rately captures the costs of United States production 
of goods and services, including the direct and indi-
rect costs of manufacturing costs, parts, compo-
nents, materials and supplies, research, planning en-
gineering, design, development, production, return 
on investment, marketing and other business costs 
and the effect of such policy on the maintenance and 
creation of jobs in the United States. 
(2) The ability of the Bank to provide financing 
that is competitive with the financing provided by 
foreign export credit agencies and the impact that 
such financing has in enabling companies with oper-
ations in the United States to contribute to a 
stronger United States economy by increasing em-
ployment through the export of goods and services. 
(3) The effects of the domestic content policy 
on the manufacturing and service workforce of the 
United States.
(4) Any recommendations the members of the 
Bank’s Advisory Committee have regarding the 
Bank’s domestic content policy. 
(5) The effect that changes to the Bank’s do-
mestic content requirements would have in providing 
companies an incentive to create and maintain oper-
ations in the United States and to increase jobs in 
the United States. 
(c) REPORT.—Not later than 1 year after the date 
of the enactment of this Act, the Bank shall submit a re-
port on the results of the review conducted under this sec-
tion to the Committee on Banking, Housing, and Urban 
Affairs of the Senate, and the Committee on Financial 
Services of the House of Representatives. 
SEC. 16. IMPROVEMENT OF METHOD FOR CALCULATING 
THE EFFECTS OF BANK FINANCING ON JOB 
CREATION 
AND 
MAINTENANCE 
IN 
THE 
UNITED STATES. 
(a) GAO STUDY.—The Comptroller General of the 
United States shall conduct a study of the process and 
methodology used by the Export-Import Bank of the 
United States (in this section referred to as the ‘‘Bank’’) 
to calculate the effects of the provision of financing by 
the Bank on the creation and maintenance of employment 
in the United States, determine and assess the basis on
which the Bank has so used the methodology, and make 
any recommendations the Comptroller General deems ap-
propriate. 
(b) REPORT.—Within 1 year after the date of the en-
actment of this Act, the Comptroller General shall submit 
to the Congress and the Bank the results of the study 
required by subsection (a). 
(c) IMPLEMENTATION
OF RECOMMENDATIONS.—If 
the report submitted pursuant to subsection (b) includes 
recommendations, the Bank may establish a more accu-
rate methodology of the kind described in subsection (a) 
based on the recommendations. 
SEC. 17. PERIODIC AUDITS OF BANK TRANSACTIONS. 
(a) IN GENERAL.—Within 2 years after the date of 
the enactment of this Act, and periodically (but not less 
frequently than every 4 years) thereafter, the Comptroller 
General of the United States shall conduct an audit of 
the loan and guarantee transactions of the Export-Import 
Bank of the United States to determine the compliance 
of the Bank with the underwriting guidelines, lending poli-
cies, due diligence procedures, and content guidelines of 
the Bank. 
(b) REVIEW
OF FRAUD CONTROLS.—The Comp-
troller General of the United States shall review the ade-
quacy of the design and effectiveness of the controls used
by the Export-Import Bank of the United States to pre-
vent, detect, and investigate fraudulent applications for 
loans and guarantees, including by auditing a sample of 
Bank transactions, and submit to the Congress a written 
report which contains such recommendations with respect 
to the controls as the Comptroller General deems appro-
priate. 
SEC. 18. PROHIBITIONS ON FINANCING FOR CERTAIN PER-
SONS INVOLVED IN SANCTIONABLE ACTIVI-
TIES WITH RESPECT TO IRAN. 
(a) PROHIBITION
ON FINANCING
FOR PERSONS 
THAT
ENGAGE
IN
CERTAIN
SANCTIONABLE
ACTIVI-
TIES.— 
(1) IN GENERAL.—Beginning on the date that 
is 180 days after the date of the enactment of this 
Act, the Board of Directors of the Export-Import 
Bank of the United States may not approve any 
transaction that is subject to approval by the Board 
with respect to the provision by the Bank of any 
guarantee, insurance, or extension of credit, or the 
participation by the Bank in any extension of credit, 
to a person in connection with the exportation of any 
good or service unless the person makes the certifi-
cation described in paragraph (2).
(2) CERTIFICATION
DESCRIBED.—The certifi-
cation described in this paragraph is a certification 
by a person— 
(A) that neither the person nor any other 
person owned or controlled by the person— 
(i) engages in any activity described 
in section 5(a) of the Iran Sanctions Act 
of 1996 (Public Law 104–172; 50 U.S.C. 
1701 note) for which the person may be 
subject to sanctions under that Act; 
(ii) exports sensitive technology, as 
defined in section 106 of the Comprehen-
sive Iran Sanctions, Accountability, and 
Divestment Act of 2010 (22 U.S.C. 8515), 
to Iran; or 
(iii) engages in any activity prohibited 
by part 560 of title 31, Code of Federal 
Regulations (commonly known as the ‘‘Ira-
nian Transactions Regulations’’), unless 
the activity is disclosed to the Office of 
Foreign Assets Control of the Department 
of the Treasury when the activity is discov-
ered; or 
(B) if the person or any other person 
owned or controlled by the person has engaged
in an activity described in subparagraph (A), 
that— 
(i) in the case of an activity described 
in subparagraph (A)(i)— 
(I) the President has waived the 
imposition of sanctions with respect to 
the person that engaged in that activ-
ity pursuant to section 4(c), 6(b)(5), 
or 9(c) of the Iran Sanctions Act of 
1996 
(Public 
Law 
104–172; 
U.S.C. 1701 note); 
(II)(aa) the President has in-
voked the special rule described in 
section 4(e)(3) of that Act with re-
spect to the person that engaged in 
that activity; or 
(bb)(AA) the person that en-
gaged in that activity determines, 
based on its best knowledge and be-
lief, that the person meets the criteria 
described in subparagraph (A) of such 
section 4(e)(3) and has provided to 
the President the assurances de-
scribed in subparagraph (B) of that 
section; and
(BB) the Secretary of State has 
issued an advisory opinion to that per-
son that the person meets such cri-
teria and has provided to the Presi-
dent those assurances; or 
(III) the President has deter-
mined that the criteria have been met 
for the exception provided for under 
section 5(a)(3)(C) of the Iran Sanc-
tions Act of 1996 to apply with re-
spect to the person that engaged in 
that activity; or 
(ii) in the case of an activity described 
in subparagraph (A)(ii), the President has 
waived, pursuant to section 401(b)(1) of 
the Comprehensive Iran Sanctions, Ac-
countability, and Divestment Act of 2010 
(22 U.S.C. 8551(b)(1)), the application of 
the prohibition under section 106(a) of 
that Act (22 U.S.C. 8515(a)) with respect 
to that person. 
(b) PROHIBITION ON FINANCING.—Beginning on the 
date that is 180 days after the date of the enactment of 
this Act, the Board of Directors of the Export-Import 
Bank of the United States may not approve any trans-
action that is subject to approval by the Board with re-
spect to the provision by the Bank of any guarantee, in-
surance, or extension of credit, or the participation by the 
Bank in any extension of credit, in connection with a fi-
nancing in which a person that is a borrower or controlling 
sponsor, or a person that is owned or controlled by such 
borrower or controlling sponsor, is subject to sanctions 
under section 5(a) of the Iran Sanctions Act of 1996 
(Public Law 104–172; 50 U.S.C. 1701 note). 
(c) ADVISORY OPINIONS.— 
(1) AUTHORITY.—The Secretary of State is au-
thorized to issue advisory opinions described in sub-
section (a)(2)(B)(i)(II). 
(2) NOTICE TO CONGRESS.—If the Secretary 
issues an advisory opinion pursuant to paragraph 
(1), the Secretary shall notify the appropriate con-
gressional committees of the opinion not later than 
30 days after issuing the opinion. 
(d) DEFINITIONS.—In this section: 
(1) APPROPRIATE
CONGRESSIONAL
COMMIT-
TEES; PERSON.—The terms ‘‘appropriate congres-
sional committees’’ and ‘‘person’’ have the meanings 
given those terms in section 14 of the Iran Sanc-
tions Act of 1996 (Public Law 104–172; 50 U.S.C. 
1701 note).
(2) CONTROLLING SPONSOR.—The term ‘‘con-
trolling sponsor’’ means a person providing control-
ling direct private equity investment (excluding in-
vestments made through publicly held investment 
funds, publicly held securities, public offerings, or 
similar public market vehicles) in connection with a 
financing. 
SEC. 19. USE OF PORTION OF BANK SURPLUS TO UPDATE 
INFORMATION TECHNOLOGY SYSTEMS. 
Section 3 of the Export-Import Bank Act of 1945 
(12 U.S.C. 635a) is amended by adding at the end the 
following: 
‘‘(j) AUTHORITY TO USE PORTION OF BANK SUR-
PLUS
TO UPDATE INFORMATION TECHNOLOGY SYS-
TEMS.— 
‘‘(1) IN GENERAL.—Subject to paragraphs (3) 
and (4), the Bank may use an amount equal to 1.25 
percent of the surplus of the Bank during fiscal 
years 2012, 2013, and 2014 to— 
‘‘(A) seek to remedy any of the operational 
weakness and risk management vulnerabilities 
of the Bank which are the result of the infor-
mation technology system of the Bank;
‘‘(B) remedy data fragmentation, enhance 
information flow throughout the Bank, and 
manage data across the Bank; and 
‘‘(C) enhance the operational capacity and 
risk management capabilities of the Bank to 
better enable the Bank to increase exports and 
grow jobs while protecting the taxpayer. 
‘‘(2) SURPLUS.—In paragraph (1), the term 
‘surplus’ means the amount (if any) by which— 
‘‘(A) the sum of the interest and fees col-
lected by the Bank; exceeds 
‘‘(B) the sum of— 
‘‘(I) the funds set aside to cover ex-
pected losses on transactions financed by 
the Bank; and 
‘‘(ii) the costs incurred to cover the 
administrative expenses of the Bank. 
‘‘(3) 
LIMITATION.—The 
aggregate 
of 
the 
amounts used in accordance with paragraph (1) for 
fiscal years 2012, 2013, and 2014 shall not exceed 
$20,000,000. 
‘‘(4) SUBJECT TO APPROPRIATIONS.—The au-
thority provided by paragraph (1) may be exercised 
only to such extent and in such amounts as are pro-
vided in advance in appropriations Acts.’’.
SEC. 20. MODIFICATIONS RELATING TO THE ADVISORY 
COMMITTEE. 
(a) REPRESENTATION
OF
THE TEXTILE INDUS-
TRY.—Section 3(d)(1)(B) of the Export-Import Bank Act 
of 1945 (12 U.S.C. 635a(d)(1)(B)) is amended by striking 
‘‘and State government’’ inserting ‘‘State government, and 
the textile industry’’. 
(b) ACCESS TO BANK PRODUCTS BY THE TEXTILE 
INDUSTRY.— 
(1) 
CONSIDERATION
BY
ADVISORY
COM-
MITTEE.—Section 3(d) of such Act (12 U.S.C. 
635a(d)) is amended by adding at the end the fol-
lowing: 
‘‘(5) In carrying out paragraph (4), the Advisory 
Committee shall consider ways to promote the financing 
of Bank transactions for the textile industry, consistent 
with the requirement that the Bank obtain a reasonable 
assurance of repayment, and determine ways to— 
‘‘(A) increase Bank support for the exports of 
textile components or inputs made in the United 
States; and 
‘‘(B) support the maintenance, promotion and 
expansion of jobs in the United States that are crit-
ical to the manufacture of textile components and 
inputs.’’.
(2) ANNUAL REPORT TO CONGRESS ON ADVI-
SORY COMMITTEE DETERMINATIONS.—Section 8 of 
such Act (12 U.S.C. 635g), as amended by sections 
6 and 10 of this Act, is amended by adding at the 
end the following: 
‘‘(i) ACCESS TO BANK PRODUCTS BY THE TEXTILE 
INDUSTRY.—The Bank shall include in its annual report 
to the Congress under subsection (a) of this section a re-
port on the determinations made by the Advisory Com-
mittee under section 3(d)(5) in the year covered by the 
report.’’. 
SEC. 21. FINANCING FOR GOODS MANUFACTURED IN THE 
UNITED STATES USED IN GLOBAL TEXTILE 
AND APPAREL SUPPLY CHAINS. 
(a) ANALYSIS OF TEXTILE INDUSTRY USE OF BANK 
PRODUCTS.—The Export-Import Bank of the United 
States (in this section referred to as the ‘‘Bank’’) shall 
conduct a study of the extent to which the products of-
fered by the Bank are available and used by manufactur-
ers in the United States that export goods manufactured 
in the United States used as components in global textile 
and apparel supply chains. In conducting the study, the 
Bank shall examine the following: 
(1) Impediments to use of Bank products by 
such firms.
(2) The number of jobs in the United States 
that are supported by the export of such component 
parts and the degree to which access to financing 
will increase exports. 
(3) Specific proposals for how the Bank, using 
its authority and products, could provide the financ-
ing, including through risk-sharing with other export 
credit agencies and other third parties. 
(4) Ways in which the Bank can take into ac-
count the full global textile and apparel supply 
chain—in particular, the ultimate purchase, and ul-
timate United States-based purchaser, of the fin-
ished good, that would result from the supply 
chain—in making credit and risk determinations 
and the creditworthiness of the ultimate purchaser. 
(5) Proposals for new products the Bank could 
offer to provide the financing, including— 
(A) the extent to which the Bank is au-
thorized to offer new products; 
(B) the extent to which the Bank would 
need additional authority to offer the new prod-
ucts; and 
(C) specific proposals for changes in law 
that would enable the Bank to provide such fi-
nancing in compliance with the credit and risk 
standards of the Bank. 
(b) REPORT.—Within 180 days after the date of the 
enactment of this Act, the Bank shall submit to the Con-
gress a report that contains the results of the study re-
quired by subsection (a). 
(c) ANNUAL REPORTS.—Section 8 of the Export-Im-
port Bank Act of 1945 (12 U.S.C. 635g), as amended by 
sections 6, 10, and 20(b)(2) of this Act, is amended by 
adding at the end the following: 
‘‘(j) TEXTILE AND APPAREL SUPPLY CHAIN FINANC-
ING.—The Bank shall include in its annual report to the 
Congress under subsection (a) of this section a description 
of the success of the Bank in providing effective and rea-
sonably priced financing to the United States textile and 
apparel industry for exports of goods manufactured in the 
United States that are used as components in global tex-
tile and apparel supply chains in the year covered by the 
report, and steps the Bank has taken to increase the use 
of Bank products by such firms.’’. 
SEC. 22. TECHNICAL CORRECTION. 
Section 2(b)(2)(B)(ii) of the Export-Import Bank Act 
of 1945 (12 U.S.C. 635(b)(2)(B)(ii)) is amended by strik-
ing subclauses (I), (IV), and (VII) and by redesignating
subclauses (II), (III), (V), (VI), (VIII), and (IX) as sub-
clauses (I) through (VI), respectively. 
SEC. 23. SUB-SAHARAN AFRICA ADVISORY COMMITTEE. 
Section 2(b)(9)(B)(iii) of the Export-Import Bank 
Act of 1945 (12 U.S.C. 635(b)(9)(B)(iii)) is amended by 
striking ‘‘2011’’ and inserting ‘‘2014’’. 
SEC. 24. DUAL USE EXPORTS. 
Section 4 of Public Law 109–438 (12 U.S.C. 635 
note; 108 Stat. 4376) is amended by striking ‘‘2011’’ and 
inserting ‘‘2014’’. 
SEC. 25. EFFECTIVE DATE. 
Except as provided in section 9(b), this Act and the 
amendments made by this Act shall take effect on the ear-
lier of June 1, 2012, or the date of the enactment of this 
Act. 
Passed the House of Representatives May 9, 2012. 
Attest: 
Clerk.
112TH CONGRESS 
2D SESSION 
H. R. 2072 
AN ACT 
To reauthorize the Export-Import Bank of the 
United States, and for other purposes.