IB 
Union Calendar No. 322 
109TH CONGRESS 
2D SESSION 
H. R. 5068 
[Report No. 109–566] 
To reauthorize the operations of the Export-Import Bank, and to reform 
certain operations of the Bank, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 30, 2006 
Ms. PRYCE of Ohio (for herself, Mr. OXLEY, Mr. FRANK of Massachusetts, 
Mrs. MALONEY, Mr. MANZULLO, Mrs. BIGGERT, and Ms. VELA´ZQUEZ) 
introduced the following bill; which was referred to the Committee on Fi-
nancial Services 
JULY 17, 2006 
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 March 30, 2006] 
A BILL 
To reauthorize the operations of the Export-Import Bank, 
and to reform certain operations of the Bank, and for 
other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
VerDate Aug 31 2005 
22:42 Jul 17, 2006
Jkt 049200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H5068.RH
H5068
wwhite on PROD1PC61 with BILLS
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Export-Import Bank 
Reauthorization Act of 2006’’. 
SEC. 2. TABLE OF CONTENTS. 
The table of contents of this Act is as follows: 
Sec. 1. Short title. 
Sec. 2. Table of contents. 
Sec. 3. Reauthorization. 
Sec. 4. Increasing exports by small businesses. 
Sec. 5. Office of financing for socially and economically disadvantaged small 
business concerns and small business concerns owned by women. 
Sec. 6. Sub-Saharan Africa. 
Sec. 7. Extension of authority. 
Sec. 8. Transparency initiatives. 
Sec. 9. Effect of the Bank on the budget of the United States. 
Sec. 10. Competitiveness initiatives. 
Sec. 11. Consideration of environmental matters by the Advisory Committee. 
Sec. 12. Study of how Export-Import Bank could assist United States exporters 
to meet import needs of new or impoverished democracies; re-
ports. 
Sec. 13. Review of environmental screening requirement. 
Sec. 14. Office of Renewable Energy Promotion. 
Sec. 15. Transparency. 
Sec. 16. Anti-circumvention. 
Sec. 17. Performance standards applicable to Bank assistance for small busi-
nesses, especially those owned by social and economically dis-
advantaged individuals and those owned by women. 
Sec. 18. Prohibition on assistance to develop or promote any rail connections or 
railway-related connections that traverse or connect Baku, Azer-
baijan, Tbilisi, Georgia, and Kars, Turkey, and that specifically 
exclude cities in Armenia. 
Sec. 19. Technical corrections. 
Sec. 20. Effective date. 
SEC. 3. REAUTHORIZATION. 
Section 7 of the Export-Import Bank Act of 1945 (12 
U.S.C. 635f) is amended by striking ‘‘2006’’ and inserting 
‘‘2011’’. 
SEC. 4. INCREASING EXPORTS BY SMALL BUSINESSES. 
(a) ESTABLISHMENT
OF
SMALL
BUSINESS
DIVI-
SION.— 
VerDate Aug 31 2005 
22:42 Jul 17, 2006
Jkt 049200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6203
E:\BILLS\H5068.RH
H5068
wwhite on PROD1PC61 with BILLS
(1) IN GENERAL.—Section 3 of the Export-Im-
port Bank Act of 1945 (12 U.S.C. 635a) is amended 
by adding at the end the following: 
‘‘(f) SMALL BUSINESS DIVISION.— 
‘‘(1) ESTABLISHMENT.—The President of the 
Bank shall establish and maintain a division of the 
Bank whose sole functions shall be to— 
‘‘(A) carry out subparagraphs (E) and (I) 
of section 2(b)(1), as such subparagraphs relate 
to outreach, feedback, product improvement, and 
transaction advocacy for small business concerns; 
‘‘(B) advise and seek feedback from small 
business concerns of the opportunities and bene-
fits for small business concerns in the financing 
products offered by the Bank, with particular 
emphasis on conducting outreach, better tai-
loring products to small business needs and in-
creasing loans to small business concerns em-
ploying fewer than 100 employees; and 
‘‘(C) maintain liaison with the Small Busi-
ness Administration and other departments and 
agencies in matters affecting small business con-
cerns. 
VerDate Aug 31 2005 
22:42 Jul 17, 2006
Jkt 049200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6203
E:\BILLS\H5068.RH
H5068
wwhite on PROD1PC61 with BILLS
‘‘(2) MANAGEMENT.—The division shall be man-
aged by a Bank officer designated by the Board of Di-
rectors— 
‘‘(A) who shall have substantial recent expe-
rience in financing exports by small business 
concerns; 
‘‘(B) whose sole executive duty shall be to 
ensure that the division carries out the functions 
of the division; 
‘‘(C) who shall advise the Board, particu-
larly the Director appointed under section 
3(c)(8)(B) to represent the interests of small 
business, on matters of interest to, and concern 
for, small business; 
‘‘(D) who shall rank not lower than senior 
vice president of the Bank; and 
‘‘(E) who shall report directly to the Presi-
dent of the Bank. 
‘‘(3) RESOURCES.— 
‘‘(A) IN
GENERAL.—The President of the 
Bank shall ensure that the division has sufficient 
qualified staff and budgetary resources to carry 
out subparagraphs (E) and (I) of section 2(b)(1), 
as determined annually by the President of the 
Bank, after consultation with— 
VerDate Aug 31 2005 
22:42 Jul 17, 2006
Jkt 049200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6203
E:\BILLS\H5068.RH
H5068
wwhite on PROD1PC61 with BILLS
‘‘(i) the officer referred to in para-
graph (2) of this subsection; 
‘‘(ii) the Director appointed under sub-
section (c)(8)(B) of this section; 
‘‘(iii) the Committee on Financial 
Services of the House of Representatives; 
and 
‘‘(iv) the Committee on Banking, 
Housing, and Urban Affairs of the Senate. 
‘‘(B) USES.— 
‘‘(i) IN
GENERAL.—The President of 
the Bank shall ensure that the staff and 
budgetary resources of the division are de-
voted solely to carrying out the functions of 
the division. 
‘‘(ii) CERTAIN STAFF DUTIES.—The di-
vision shall include staff dedicated exclu-
sively to providing outreach, training, and 
advice to, seeking feedback from, and advo-
cating on behalf of small business concerns 
regarding Bank financing opportunities, 
products, and programs. 
‘‘(C) RULE OF INTERPRETATION.—Nothing 
in this Act shall be construed to prevent the dele-
gation to the division of any authority necessary 
VerDate Aug 31 2005 
22:42 Jul 17, 2006
Jkt 049200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6203
E:\BILLS\H5068.RH
H5068
wwhite on PROD1PC61 with BILLS
to carry out subparagraphs (E) and (I) of sec-
tion 2(b)(1). 
‘‘(4) SMALL BUSINESS CONCERN DEFINED.—In 
this subsection and subsections (g) and (h), the term 
‘small business concern’ shall have the meaning estab-
lished under section 3(a) of the Small Business Act. 
‘‘(g) HANDLING
OF APPLICATIONS
OF, AND PROC-
ESSING OF TRANSACTIONS INVOLVING SMALL BUSINESS 
CONCERNS.—Consistent with the requirement that the Bank 
obtain a reasonable assurance of repayment for each trans-
action the Bank supports, the Bank shall establish and 
maintain transaction standards tailored to the special cir-
cumstances of small business concerns and shall use the 
standards in evaluating applications by the concerns for 
Bank financing. The Bank shall ensure that each appro-
priate division of the Bank has staff dedicated to the proc-
essing of transactions involving small business concerns. 
‘‘(h) SMALL BUSINESS COMMITTEE.— 
‘‘(1) ESTABLISHMENT.—The Bank shall establish 
and maintain a committee to be known as the ‘Small 
Business Committee’. 
‘‘(2) PRINCIPAL PURPOSE.—The principal pur-
pose of the Small Business Committee shall be to 
focus on small business concerns and coordinate the 
efforts of the Bank with respect to small business con-
VerDate Aug 31 2005 
22:42 Jul 17, 2006
Jkt 049200
PO 00000
Frm 00006
Fmt 6652
Sfmt 6203
E:\BILLS\H5068.RH
H5068
wwhite on PROD1PC61 with BILLS
cerns, including the timely processing of small busi-
ness product applications and the evolution of new or 
improved Bank products to better serve small business 
needs. 
‘‘(3) COMPOSITION.— 
‘‘(A) CHAIRMAN.—The chairman of the 
Small Business Committee shall be the Senior 
Vice President of the Bank who is responsible for 
management of the Small Business Division of 
the Bank. 
‘‘(B) OTHER MEMBERS.—The President of 
the Bank shall ensure that the committee is com-
prised of officers and employees throughout the 
Bank that have responsibility for outreach and 
processing transactions involving small business 
concerns. 
‘‘(4) REPORTS.—The Small Business Committee 
shall report to the President of the Bank.’’. 
(2) COORDINATION
IN
FINANCING
OF
SMALL 
BUSINESS
EXPORTS.—Section 2(b)(1)(E)(vii)(I) of 
such Act (12 U.S.C. 635(b)(1)(E)(vii)(I)) is amended 
by adding at the end the following: ‘‘The Bank shall 
work in coordination with the entities described in 
the preceding sentence to streamline the processing of 
applications for Bank financing from small business 
VerDate Aug 31 2005 
22:42 Jul 17, 2006
Jkt 049200
PO 00000
Frm 00007
Fmt 6652
Sfmt 6203
E:\BILLS\H5068.RH
H5068
wwhite on PROD1PC61 with BILLS
concerns and to provide training and advice as re-
quired on the needs and benefits of export financing 
for small business concerns.’’ 
(b) REPORT
ON FEES CHARGED
TO, AND TRANS-
ACTIONS COSTS INCURRED BY, SMALL AND MEDIUM BUSI-
NESS FOR BANK SERVICES.—Section 8 of such Act (12 
U.S.C. 635g) is amended by adding at the end the following: 
‘‘(f) REPORT ON FEES CHARGED TO, AND TRANS-
ACTIONS COSTS INCURRED BY, SMALL AND MEDIUM BUSI-
NESS FOR BANK SERVICES.—The Bank shall submit to the 
Congress annually, and include in a separate section of the 
annual report to the Congress under subsection (a) of this 
section, a report on— 
‘‘(1) with respect to each type of transaction, the 
interest and fees charged by the Bank to exporters 
(including a description of fees and interest, if any, 
charged to small business concerns), buyers, and other 
applicants in connection with each financing pro-
gram of the Bank, and the highest, lowest, and aver-
age fees charged by the Bank for short term insurance 
transactions; 
‘‘(2) the effects of the fees on the ability of the 
Bank to achieve the objectives of the Bank relating to 
small business; and 
VerDate Aug 31 2005 
22:42 Jul 17, 2006
Jkt 049200
PO 00000
Frm 00008
Fmt 6652
Sfmt 6203
E:\BILLS\H5068.RH
H5068
wwhite on PROD1PC61 with BILLS
‘‘(3) the fee structure of the Bank as compared 
with that of other foreign export credit agencies.’’. 
(c) REPORT ON FINANCING DIRECTED TOWARD SMALL 
BUSINESS.—Section 8 of such Act (12 U.S.C. 635g), as 
amended by subsection (b) of this section, is amended by 
adding at the end the following: 
‘‘(g) REPORT
ON FINANCING DIRECTED TOWARD 
SMALL BUSINESS.—The Bank shall submit annually to the 
Committees on Financial Services and on Small Business 
of the House of Representatives— 
‘‘(1) a report on the extent to which the Bank 
has been able to use the authorities referred to in sec-
tion 2(b)(1)(E)(iv), and, to the extent the Bank has 
been unable to fully do so, a report on the obstacles 
to doing so and on what the Bank is doing to over-
come the obstacles; 
‘‘(2) a report on the extent to which financing 
has been made available to small business concerns to 
enable them to participate in exports by major con-
tractor, including through access to the supply chains 
of the contractors through direct or indirect funding; 
and 
‘‘(3) a strategic plan of action describing how, in 
the upcoming year, the Bank will take specific meas-
ures to achieve the small business objectives of the 
VerDate Aug 31 2005 
22:42 Jul 17, 2006
Jkt 049200
PO 00000
Frm 00009
Fmt 6652
Sfmt 6203
E:\BILLS\H5068.RH
H5068
wwhite on PROD1PC61 with BILLS
Bank, including expanded outreach, product improve-
ments, and related actions.’’. 
(d) CONFORMING AMENDMENTS.— 
(1) IN GENERAL.— 
(A) Section 2(b)(1)(E) of such Act (12 
U.S.C. 635(b)(1)(E)), as amended by subsection 
(a)(2) of this section, is amended— 
(i) in clause (i)(II), by striking ‘‘gives 
fair consideration to making loans and pro-
viding’’ and inserting ‘‘make loans and pro-
vide’’; 
(ii) by striking clause (iii); 
(iii) in clause (iv), by striking ‘‘clauses 
(ii) and (iii) of this subparagraph’’ and in-
serting ‘‘clause (ii)’’; 
(iv) in clause (vi)— 
(I) by striking ‘‘clause (v) of this 
subparagraph’’ 
and 
insert 
‘‘clause 
(iv)’’; and 
(II) by striking ‘‘clause (vi)’’ and 
inserting ‘‘clause’’; 
(v) in clause (vii)— 
(I) in subclause (I), by striking 
‘‘(v)’’ and inserting ‘‘(iv)’’; and 
VerDate Aug 31 2005 
22:42 Jul 17, 2006
Jkt 049200
PO 00000
Frm 00010
Fmt 6652
Sfmt 6203
E:\BILLS\H5068.RH
H5068
wwhite on PROD1PC61 with BILLS
(II) in each of subclauses (II), 
(III), and (IV), by striking ‘‘clause 
(vii)’’ and inserting ‘‘clause’’; and 
(vi) by redesignating clauses (iv) 
through (x) as clauses (iii) through (ix), re-
spectively. 
(B) Section 8 of such Act (12 U.S.C. 635g) 
is amended— 
(i) in subsection (b)(2)(B), by striking 
‘‘2(b)(1)(E)(vii)’’ 
and 
inserting 
‘‘2(b)(1)(E)(vi)’’; and 
(ii) in subsection (c), by striking 
‘‘(E)(x)’’ and inserting ‘‘(E)(ix)’’. 
(2) UNIFORM MEANING OF SMALL BUSINESS.— 
Section 
2(b)(1)(E) 
of 
such 
Act 
(12 
U.S.C. 
635(b)(1)(E)), as amended by subsection (a)(2) of this 
section and paragraph (1) of this subsection, is 
amended— 
(A) in clause (i)(II), by striking ‘‘busi-
nesses’’ and inserting ‘‘business concerns’’; 
(B) in clause (iv), by striking ‘‘(as defined 
under section 3 of the Small Business Act)’’; 
(C) in each of clauses (v), (vi) and (vii), by 
striking ‘‘small business exports’’ each place it 
VerDate Aug 31 2005 
22:42 Jul 17, 2006
Jkt 049200
PO 00000
Frm 00011
Fmt 6652
Sfmt 6203
E:\BILLS\H5068.RH
H5068
wwhite on PROD1PC61 with BILLS
appears and inserting ‘‘exports by small business 
concerns’’; and 
(D) by adding at the end the following: 
‘‘(x) In this subparagraph, the term ‘small business 
concern’ shall have the meaning established under section 
3(a) of the Small Business Act.’’. 
(e) ENHANCE DELEGATED LOAN AUTHORITY FOR ME-
DIUM TERM TRANSACTIONS.— 
(1) IN GENERAL.—The Export-Import Bank of 
the United States shall seek to expand the exercise of 
authority under section 2(b)(1)(E)(vi) of the Export- 
Import Bank Act of 1945 (as so redesignated by sub-
section (d)(1)(A)(vi) of this section) with respect to 
medium term transactions for small business concerns 
(as defined under section 3(a) of the Small Business 
Act). 
(2) 
CONFORMING
AMENDMENT.—Section 
2(b)(1)(E)(vi)(III) of the Export-Import Bank Act of 
1945 (12 U.S.C. 635(b)(1)(E)(vi)(III)), as so redesig-
nated by subsection (d)(1)(A)(vi) of this section, is 
amended by striking ‘‘To the maximum extent prac-
ticable, the’’ and inserting ‘‘The’’. 
(3) DEADLINE.—Within 180 days after the date 
of the enactment of this Act, the Export-Import Bank 
of the United States shall make available lines of 
VerDate Aug 31 2005 
22:42 Jul 17, 2006
Jkt 049200
PO 00000
Frm 00012
Fmt 6652
Sfmt 6203
E:\BILLS\H5068.RH
H5068
wwhite on PROD1PC61 with BILLS
credit 
and 
guarantees 
to 
carry 
out 
section 
2(b)(1)(E)(vi) of the Export-Import Bank Act of 1945 
(as so redesignated by subsection (d)(1)(A)(vi) of this 
section), pursuant to policies and procedures estab-
lished by the Board of Directors of the Export-Import 
Bank of the United States. 
SEC. 5. OFFICE OF FINANCING FOR SOCIALLY AND ECO-
NOMICALLY DISADVANTAGED SMALL BUSI-
NESS CONCERNS AND SMALL BUSINESS CON-
CERNS OWNED BY WOMEN. 
(a) IN GENERAL.—Section 3(f) of the Export-Import 
Bank Act of 1945 (12 U.S.C. 635a(f)), as added by section 
4(a) of this Act, is amended by redesignating paragraph 
(4) as paragraph (5) and by inserting after paragraph (3) 
the following: 
‘‘(4) OFFICE OF FINANCING FOR SOCIALLY AND 
ECONOMICALLY
DISADVANTAGED
SMALL
BUSINESS 
CONCERNS AND SMALL BUSINESS CONCERNS OWNED 
BY WOMEN.— 
‘‘(A) ESTABLISHMENT.—The President of 
the Bank shall establish in the division an office 
whose sole functions shall be to continue and en-
hance the outreach activities of the Bank with re-
spect to, and increase the total amount of loans, 
guarantees, and insurance provided by the Bank 
VerDate Aug 31 2005 
22:42 Jul 17, 2006
Jkt 049200
PO 00000
Frm 00013
Fmt 6652
Sfmt 6203
E:\BILLS\H5068.RH
H5068
wwhite on PROD1PC61 with BILLS
to support exports by, socially and economically 
disadvantaged small business concerns (as de-
fined in section 8(a)(4) of the Small Business 
Act) and small business concerns owned by 
women. 
‘‘(B) MANAGEMENT.—The office shall be 
managed by a Bank officer of appropriate rank 
who shall report to the Bank officer designated 
under section 3(f)(2). 
‘‘(C) STAFFING.—To the maximum extent 
practicable, the President of the Bank shall en-
sure that qualified minority and women appli-
cants are considered when filling any position in 
the office.’’. 
(b) FINANCING DIRECTED TOWARD SMALL BUSI-
NESSES OWNED
BY MINORITIES
OR WOMEN.—Section 
2(b)(1)(E)(iv) of such Act (12 U.S.C. 635(b)(1)(E)(iv)), as 
so redesignated by section 4(d)(1)(A)(vi) of this Act, is 
amended by adding at the end the following: ‘‘From the 
amount made available under the preceding sentence, it 
shall be a goal of the Bank to make available not less than 
15 percent of the amount to finance exports directly by 
small business concerns referred to in section 3(f)(4)(A).’’. 
(c) REPORT ON FINANCING DIRECTED TOWARD SMALL 
BUSINESSES OWNED BY MINORITIES OR WOMEN.—Section 
VerDate Aug 31 2005 
22:42 Jul 17, 2006
Jkt 049200
PO 00000
Frm 00014
Fmt 6652
Sfmt 6203
E:\BILLS\H5068.RH
H5068
wwhite on PROD1PC61 with BILLS
8(g)(1) of such Act (12 U.S.C. 635g(g)(1)), as added by sec-
tion 4(c) of this Act, is amended by inserting ‘‘and to fi-
nance exports by small business concerns referred to in sec-
tion 3(f)(4)(A),’’ before ‘‘and, to the extent’’. 
(d) REPORT ON BANK EFFORTS TO SUPPORT EXPORTS 
BY SOCIALLY AND ECONOMICALLY DISADVANTAGED SMALL 
BUSINESS CONCERNS AND SMALL BUSINESS CONCERNS 
OWNED BY WOMEN.—Section 8 of such Act (12 U.S.C. 
635g), as amended by section 4 of this Act, is amended by 
adding at the end the following: 
‘‘(h) REPORT ON EFFORTS TO SUPPORT EXPORTS BY 
SMALL- AND
MEDIUM-SIZED
BUSINESSES
OWNED
BY 
WOMEN OR MINORITIES.—Not later than March 1 of each 
year, the Director appointed under section 3(c)(8)(B) of this 
Act shall prepare and submit to the Committee on Finan-
cial Services of the House of Representatives and the Com-
mittee on Banking, Housing, and Urban Affairs of the Sen-
ate, and the Bank shall include in a separate section of 
the annual report submitted pursuant to subsection (a) of 
this section, a written report that describes the progress 
made by the Bank in supporting exports by socially and 
economically disadvantaged small business concerns (as de-
fined in section 8(a)(4) of the Small Business Act) and 
small business concerns owned by women.’’. 
VerDate Aug 31 2005 
22:42 Jul 17, 2006
Jkt 049200
PO 00000
Frm 00015
Fmt 6652
Sfmt 6203
E:\BILLS\H5068.RH
H5068
wwhite on PROD1PC61 with BILLS
SEC. 6. SUB-SAHARAN AFRICA. 
(a) EXTENSION OF 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 ‘‘2006’’ 
and inserting ‘‘2011’’. 
(b) IMPROVED LIAISON WITH AFRICAN REGIONAL FI-
NANCIAL INSTITUTIONS.— 
(1) MASTER GUARANTEE AGREEMENTS.—Within 
1 year after the date of the enactment of this Act, the 
Export-Import Bank of the United States shall seek 
to ensure that there is in effect a contract between 
each approved lender in Africa and the Bank, which 
sets forth the Bank’s guarantee undertakings and re-
lated obligations between the Bank and the lender. 
(2) REPORT ON WORKING RELATIONSHIPS WITH 
THE AFRICAN DEVELOPMENT BANK, THE AFRICA EX-
PORT-IMPORT BANK, AND OTHER INSTITUTIONS.—Sec-
tion 2(b)(9) of such Act (12 U.S.C. 635(b)(9)) is 
amended by adding at the end the following: 
‘‘(C) The Bank shall include in the annual report to 
the Congress submitted under section 8(a) a separate section 
that contains a report on the efforts of the Bank to improve 
working relationships with the African Development Bank, 
the Africa Export-Import Bank, and other institutions in 
the region that are relevant to the purposes of subparagraph 
(A) of this paragraph.’’. 
VerDate Aug 31 2005 
22:42 Jul 17, 2006
Jkt 049200
PO 00000
Frm 00016
Fmt 6652
Sfmt 6203
E:\BILLS\H5068.RH
H5068
wwhite on PROD1PC61 with BILLS