Calendar No. 554
103D CONGRESS
2D SESSION
H. R. 4455
AN ACT
To authorize the Export-Import Bank of the Unit-
ed States to provide financing for the export of
nonlethal defense articles and defense services
the primary end use of which will be for civilian
purposes.
AUGUST 10 (legislative day, AUGUST 8), 1994
Read twice and ordered placed on the calendar
II
Calendar No. 554
103D CONGRESS
2D SESSION
H. R. 4455
IN THE SENATE OF THE UNITED STATES
AUGUST 10 (legislative day, AUGUST 8), 1994
Received
AUGUST 10 (legislative day, AUGUST 8), 1994
Read twice and ordered placed on the calendar
AN ACT
To authorize the Export-Import Bank of the United States
to provide financing for the export of nonlethal defense
articles and defense services the primary end use of
which will be for civilian purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. AUTHORITY TO PROVIDE FINANCING FOR THE
EXPORT OF NONLETHAL DEFENSE ARTICLES
OR SERVICES THE PRIMARY END USE OF
WHICH WILL BE FOR CIVILIAN PURPOSES.
Section 2(b)(6) of the Export-Import Bank Act of
1945 (12 U.S.C. 635(b)(6)) is amended by adding at the
end the following:
‘‘(I)(i) Subparagraph (A) shall not apply to a trans-
action involving defense articles or services if—
‘‘(I) the Bank determines that—
‘‘(aa) the defense articles or services are
nonlethal; and
‘‘(bb) the primary end use of the defense
articles or services will be for civilian purposes;
and
‘‘(II) at least 15 calendar days before the date
the Board of Directors of the Bank gives final ap-
proval to Bank participation in the transaction, the
Bank provides notice of the transaction to the Com-
mittees on Banking, Finance and Urban Affairs and
on Appropriations of the House of Representatives
and the Committees on Banking, Housing, and
Urban Affairs and on Appropriations of the Senate.
The preceding sentence shall not apply after September
30, 1997.
‘‘(ii) Not more than 10 percent of the loan, guaran-
tee, and insurance authority available to the Bank for a
fiscal year may be used by the Bank to support the sale
of defense articles or services to which subparagraph (A)
does not apply by reason of clause (i) of this subpara-
graph.
‘‘(iii) Not later than September 1 of each fiscal year,
the Comptroller General of the United States, in consulta-
tion with the Bank, shall submit to the Committees on
Banking, Finance and Urban Affairs and on Appropria-
tions of the House of Representatives and the Committees
on Banking, Housing, and Urban Affairs and on Appro-
priations of the Senate a report on the end uses of any
defense articles or services described in clause (i) with re-
spect to which the Bank provided support during the 2nd
preceding fiscal year.’’.
SEC. 2. REPORT TO THE CONGRESS.
Section 2(b)(6)(H) of the Export-Import Bank Act
of 1945 (12 U.S.C. 635(b)(6)(H)) is amended by inserting
‘‘or described in subparagraph (I)(i)’’ before the period at
the end of the 1st sentence.
SEC. 3. PROMOTION OF EXPORTS OF ENVIRONMENTALLY
BENEFICIAL GOODS AND SERVICES.
(a) IN GENERAL.—The 1st section 11(b) of the Ex-
port-Import Bank Act of 1945 (12 U.S.C. 635i–5(b)) is
amended—
(1) by inserting before ‘‘The Bank shall’’ the
following:
‘‘(1) IN GENERAL.—’’;
(2) by inserting ‘‘(such as by encouraging envi-
ronmentally sustainable development, promoting effi-
cient use of resources, and promoting energy effi-
ciency)’’ before the period at the end of the 1st sen-
tence; and
(3) by adding after and below the end the fol-
lowing:
‘‘(2) LIMITATIONS ON AUTHORIZATION OF AP-
PROPRIATIONS.—In addition to other funds available
to support the export of goods and services described
in paragraph (1), there are authorized to be appro-
priated to the Bank not more than $35,000,000 for
the cost (as defined in section 502(5) of the Federal
Credit Reform Act of 1990) of supporting such ex-
ports.’’.