Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the ‘‘Se-
curing American Jobs Through Exports Act of 2011’’. 
(b) TABLE OF CONTENTS.—The table of contents of this 
Act is as follows: 
Sec. 1. Short title; table of contents. 
Sec. 2. Findings; statement of purpose. 
Sec. 3. Extension of authority. 
Sec. 4. Limitations on outstanding loans, guarantees, and insurance. 
Sec. 5. Content guidelines for the provision of bank financing. 
Sec. 6. Improvement of method for calculating the effects of Bank financing on 
job creation and maintenance in the United States. 
Sec. 7. Biennial audits of Bank transactions. 
Sec. 8. Use of portion of Bank surplus to update information technology systems. 
Sec. 9. Monitoring of default rates on Bank financing; reports on default rates. 
Sec. 10. Sense of the Congress regarding Bank accountability. 
Sec. 11. Sub-saharan africa advisory committee. 
Sec. 12. 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. 13. Elimination of obsolete provisions. 
Sec. 14. Examination of bank support for small business. 
Sec. 15. Categorization of purpose of loans and long-term guarantees in annual 
report. 
Sec. 16. Disclosure requirement for board meetings. 
Sec. 17. Modifications relating to the advisory committee. 
Sec. 18. Financing for goods manufactured in the United States used in global 
textile and apparel supply chains. 
Sec. 19. Prohibition on Bank assistance for project to be participated in by an 
entity that has recently engaged in certain prohibited activities 
with respect to Iran. 
Sec. 20. Effective date. 
SEC. 2. FINDINGS; STATEMENT OF PURPOSE. 
(a) FINDINGS.—The Congress finds as follows: 
(1) Export sales by United States companies are 
critical to national economic growth. 
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(2) Increased demand for United States exports 
in emerging markets will help small and large com-
panies maintain and create United States jobs. 
(3) The Export-Import Bank contributes to a 
stronger national economy by financing the export of 
United States goods and services in markets where 
private capital is limited or unavailable. 
(4) The Export-Import Bank of the United 
States does not compete with private sector lenders. 
(5) The Export-Import Bank of the United 
States helps finance United States exports to 183 
countries. 
(6) A large percentage of global growth will be 
centered in markets served by the Export-Import 
Bank of the United States, and the Bank will be crit-
ical to helping United States companies compete for 
these opportunities. 
(7) Through its support for exports, in fiscal 
year 2010 the Export-Import Bank of the United 
States supported 227,000 American jobs at over 3,300 
companies. 
(8) The Export-Import Bank of the United 
States helps to level the playing field for United 
States exporters by matching the financing that other 
governments provide to their exporters. 
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(9) All the leading exporting nations have offi-
cial export credit agencies that are used actively to 
support their exporters. 
(10) Through its insurance, loan, and loan guar-
antee products, the Export-Import Bank of the United 
States supports the promotion and maintenance of 
high levels of employment and real income and in-
creased development of the productive resources of the 
United States. 
(11) The Export-Import Bank of the United 
States requires reasonable assurance of repayment for 
the transactions it authorizes, and the Bank closely 
monitors credit and other risks in its portfolio. The 
Bank prices transactions based on its risk assessment 
of the buyers. 
(12) Since 1934, the net loss rate for all long-, 
medium-, and short-term loans made by the Export- 
Import Bank of the United States is 1.5 percent. 
(13) The Export-Import Bank of the United 
States has been a self-sustaining institution since fis-
cal year 2008, and surpluses of the Bank are remitted 
to the United States Treasury. From fiscal years 2008 
through 2010, the Bank generated a surplus of 
$551,000,000. 
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(14) In fiscal year 2010, the Export-Import 
Bank of the United States provided a record 
$5,000,000,000 directly supporting United States 
small business exporters through 3,091 transactions, 
representing 20 percent of the total value of the 
Bank’s authorizations and nearly 88 percent of the 
total number of the Bank’s authorizations. 
(b) STATEMENT OF PURPOSE.—The purpose of this 
Act is to reauthorize the activities and operations of the 
Export-Import Bank of the United States to ensure that 
the Bank provides financing, when commercial banks are 
unable or unwilling to do so, competitive with the financing 
provided by foreign export credit agencies, in order to en-
able United States companies to contribute to a stronger 
national economy by maintaining or increasing the em-
ployment of workers in the United States through the export 
of goods and services. 
SEC. 3. EXTENSION OF AUTHORITY. 
Section 7 of the Export-Import Bank Act of 1945 (12 
U.S.C. 635f) is amended by striking ‘‘2011’’ and inserting 
‘‘2015’’. 
SEC. 4. LIMITATIONS ON OUTSTANDING LOANS, GUARAN-
TEES, AND INSURANCE. 
Section 6(a)(2) of the Export-Import Bank Act of 1945 
(12 U.S.C. 635e(a)(2)) is amended— 
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(1) in subparagraph (D), by striking ‘‘and’’; 
(2) in subparagraph (E), by striking the comma 
at the end and inserting a semicolon; and 
(3) by adding at the end the following: 
‘‘(F) 
during 
fiscal 
year 
2012, 
$120,000,000,000; 
‘‘(G) 
during 
fiscal 
year 
2013, 
$140,000,000,000; and 
‘‘(H) during fiscal year 2014 and each fis-
cal year thereafter, $160,000,000,000.’’. 
SEC. 5. CONTENT GUIDELINES FOR THE PROVISION OF 
BANK FINANCING. 
Section 2 of the Export-Import Bank Act of 1945 (12 
U.S.C. 635) is amended by adding at the end the following: 
‘‘(i) CONTENT GUIDELINES FOR THE PROVISION OF 
FINANCING.— 
‘‘(1) IN GENERAL.—The Bank shall, after notice 
and comment and Board approval, establish clear 
and comprehensive guidelines with respect to the con-
tent of the goods and services involved in a trans-
action for which the Bank will provide financing, 
which shall be aimed at ensuring that the Bank en-
ables companies with operations in the United States 
to maintain and create jobs in the United States and 
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contribute to a stronger national economy through the 
export of their goods and services. 
‘‘(2) REQUIRED
CONSIDERATIONS.—In estab-
lishing the guidelines, the Bank shall take into ac-
count such considerations as the Bank deems relevant 
to meet the purposes described in paragraph (1), in-
cluding the following: 
‘‘(A) The needs of different industry sectors 
to obtain financing from the Bank for exporting 
their products or services in order to create and 
maintain jobs in the United States. 
‘‘(B) The ability of companies with oper-
ations in the United States to compete effectively 
for export opportunities that will create and 
maintain jobs in the United States, particularly 
with respect to the Bank’s content requirements 
and co-financing arrangements. 
‘‘(C) The totality of support, including fi-
nancing and subsidies, extended by export credit 
agencies to support the exports of goods and serv-
ices, as well as key differences in, types of trade- 
offs among, and national trade promotion strate-
gies of OECD member countries and of non- 
OECD member countries. 
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‘‘(D) Recommendations from the advisory 
committee established under section 3(d), includ-
ing any dissenting views. 
‘‘(E) Any findings or recommendations of 
the Government Accountability Office pertaining 
to the ability of the Bank to provide financing 
that is competitive with the financing provided 
by foreign export credit agencies, to enable com-
panies with operations in the United States to 
contribute to a stronger United States economy 
by maintaining or increasing the employment of 
workers in the United States through the export 
of goods and services. 
‘‘(F) The effects of the guidelines on the 
manufacturing workforce and service workforce 
of the United States. 
‘‘(G) The effect of changes to current Bank 
content requirements on the incentive for compa-
nies to create and maintain operations in the 
United States in order to increase the employ-
ment of workers in the United States. 
‘‘(3) SEPARATE GUIDELINES.— 
‘‘(A) The Bank may establish separate 
guidelines under this subsection for services and 
for goods. 
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‘‘(B) The Bank may establish separate 
guidelines under this subsection for small busi-
ness concerns (as defined in section 3(a) of the 
Small Business Act). 
‘‘(C) The Bank may continue separate 
guidelines under this subsection with respect to 
different terms and products. 
‘‘(4) CERTIFICATION THAT DOMESTIC CONTENT 
HAS NOT BEEN REDUCED BECAUSE OF THE GUIDE-
LINES.—In determining whether to provide financing 
for a proposed transaction, the exporter shall certify 
that the domestic content of a good has not been re-
duced solely as a result of the guidelines. 
‘‘(5) PROCEDURAL PROVISIONS.—Within 60 days 
after the date of the enactment of this Act, the Bank 
shall publish a notice with respect to the issuance or 
modification of guidelines under this subsection. 
Within 60 days after the end of the public comment 
period otherwise required by law with respect to the 
issuance or modification of the guidelines, the Bank 
shall submit to the Congress, for its review, the guide-
lines in proposed final form. At the end of the 60-day 
period that begins with the date the proposed final 
guidelines are so submitted, the proposed final guide-
lines shall be considered a final agency action for all 
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purposes and shall take effect and be implemented im-
mediately. 
‘‘(6) TERM.—Every 2 years, the Bank shall re-
view and, as appropriate, modify the guidelines, sub-
ject to paragraph (5). 
‘‘(7) REPORT
TO
CONGRESS.—Within 1 year 
after the implementation of new or modified guide-
lines under this subsection, the Inspector General of 
the Bank shall submit to the Congress a report evalu-
ating the guidelines, which shall include— 
‘‘(A) a discussion of the considerations re-
quired to be taken into account in establishing 
the guidelines, a comparison of how the guide-
lines reflect each consideration, and a descrip-
tion of the extent to which the guidelines enabled 
companies with operations in the United States 
who submitted an application for financing from 
the Bank to maintain and create jobs in the 
United States and contribute to a stronger na-
tional economy through the export of their goods 
and services; 
‘‘(B) a description of the effect of the guide-
lines on the number of domestic jobs to be sup-
ported, the kinds of domestic jobs to be sup-
ported, including their duration and geographic 
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location, and the existence and nature of any 
transfers of technology or production; and 
‘‘(C) recommendations for how the guide-
lines could be modified to better facilitate exports 
of goods and services from the United States in 
order to maintain and create jobs in the United 
States and contribute to a stronger national 
economy.’’. 
SEC. 6. IMPROVEMENT OF METHOD FOR CALCULATING THE 
EFFECTS OF BANK FINANCING ON JOB CRE-
ATION AND MAINTENANCE IN THE UNITED 
STATES. 
(a) GAO STUDY.—The Comptroller General of the 
United States shall conduct a study to analyze the method-
ology 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 cre-
ation and maintenance of employment in the United States, 
determine whether there is a more accurate methodology for 
calculating the effects, and if so, make recommendations 
with respect to the use of such a methodology. 
(b) REPORT.—Within 6 months after the date of the 
enactment of this Act, the Comptroller General shall submit 
to the Congress and the Bank the results of the study re-
quired by subsection (a). 
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nating subparagraphs (G) through (L) as subpara-
graphs (F) through (K), respectively. 
(2) CONFORMING AMENDMENTS.— 
(A) Section 2(h)(2) of such Act (12 U.S.C. 
635(h)(2)) is amended by striking ‘‘(J)’’ and in-
serting ‘‘(I)’’. 
(B) Section 3 of such Act (12 U.S.C. 635a) 
is amended in each of subsections (f)(1)(A) and 
(g)(7) by striking ‘‘(I)’’ and inserting ‘‘(H)’’. 
(C) Section 8 of such Act (12 U.S.C. 635g) 
is amended in each of subsections (c) and 
(f)(8)(A) by striking ‘‘(J)’’ and inserting ‘‘(I)’’. 
(D) Section 8A(a)(5) of such Act (12 U.S.C. 
635g-1(a)(5)) 
is 
amended 
by 
striking 
‘‘2(b)(1)(K)’’ and inserting ‘‘2(b)(1)(J)’’. 
(b) DEFINITION OF MARXIST-LENINIST COUNTRY.— 
Section 
2(b)(2)(B)(ii) 
of 
such 
Act 
(12 
U.S 
.C. 
635(b)(2)(B)(ii)) is amended by striking subclause (VII) 
and redesignating subclauses (VIII) and (IX) as subclauses 
(VII) and (VIII), respectively. 
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 ex-
amine and report to Congress on its current programs, 
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