‘‘(n) PROHIBITIONS ON FINANCING FOR CERTAIN 
PERSONS INVOLVED IN SANCTIONABLE ACTIVITIES.— 
‘‘(1) 
PERSONS
NOT
PROVIDING
CERTIFI-
CATION.— 
‘‘(A) IN GENERAL.—Beginning on the date 
that is 180 days after the date of the enact-
ment of this subsection, the Board of Directors 
of the Agency may not approve any transaction 
that is subject to approval by the Board with 
respect to the provision by the Agency of any 
guarantee, insurance, or extension of credit, or 
the participation by the Agency in any exten-
sion of credit, to a person in connection with 
the exportation of any good or service unless 
the person provides the certification described 
in subparagraph (B). 
‘‘(B) CERTIFICATION
DESCRIBED.—The 
certification described in this subparagraph is a 
certification by a person that neither the person 
nor any other person owned or controlled by the 
person engages in any activity in contravention 
of any law, regulation, decree, order, or other 
act with force of law of the United States con-
cerning— 
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‘‘(i) trade and economic sanctions, in-
cluding an embargo; 
‘‘(ii) the freezing or blocking of assets 
of designated persons; or 
‘‘(iii) other restrictions on exports, im-
ports, investment, payments, or other 
transactions targeted at particular persons 
or countries. 
‘‘(2) PERSONS
SUBJECT
TO
OFAC-ADMINIS-
TERED SANCTION.— 
‘‘(A) IN GENERAL.—Beginning on the date 
that is 180 days after the date of the enact-
ment of this subsection, the Board of Directors 
of the Agency may not approve any transaction 
that is subject to approval by the Board with 
respect to the provision by the Agency of any 
guarantee, insurance, or extension of credit, or 
the participation by the Agency in any exten-
sion of credit, in connection with a financing in 
which a person that is a borrower or controlling 
sponsor, or a person that is owned or controlled 
by the borrower or controlling sponsor, is sub-
ject to a sanction administered by the Office of 
Foreign Assets Control of the Department of 
the Treasury. 
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‘‘(B) CONTROLLING SPONSOR DEFINED.— 
In subparagraph (A), the term ‘controlling 
sponsor’ means a person providing controlling 
direct private equity investment (excluding in-
vestments made through publicly held invest-
ment funds, publicly held securities, public of-
ferings, or similar public market vehicles) in 
connection with a financing.’’. 
SEC. 13. PROMOTING RENEWABLE ENERGY. 
(a) OFFICE OF FINANCING FOR RENEWABLE EN-
ERGY, ENERGY EFFICIENCY AND ENERGY STORAGE EX-
PORTS.—Section 2(b)(1)(C) of the Export-Import Bank 
Act of 1945 (12 U.S.C. 635(b)(1)(C)) is amended to read 
as follows: 
‘‘(C) OFFICE OF FINANCING FOR RENEWABLE EN-
ERGY, ENERGY EFFICIENCY AND ENERGY STORAGE.— 
The President of the Agency shall establish an office 
whose functions shall be to promote the export of goods 
and services to be used in the development, production, 
and distribution of renewable energy resources, and energy 
efficiency and energy storage technologies, and dissemi-
nate information concerning export opportunities and the 
availability of Agency support for such activities, to in-
crease the total amount of loans, guarantees, and insur-
ance provided by the Agency to support exports related 
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to renewable energy, energy efficiency, and energy stor-
age.’’. 
(b) ENVIRONMENTAL POLICY AND PROCEDURES.— 
Section 11(a) of such Act (12 U.S.C. 635i–5(a)) is amend-
ed— 
(1) in paragraph (1)— 
(A) in the 2nd sentence, by inserting ‘‘, in-
cluding to potentially impacted communities in 
the country in which the activity will be carried 
out, at least 60 days before the date of the 
vote,’’ before ‘‘and supplemental’’; 
(B) by inserting after the 2nd sentence the 
following: ‘‘The procedures shall include a re-
quirement for an analysis of the environmental 
and social impacts, including worker impacts 
and anticipated health impacts and costs, of the 
proposed activity and of alternatives to the pro-
posed activity, including mitigation measures, 
where appropriate.’’; and 
(C) in the 3rd sentence, by striking ‘‘The 
preceding sentence’’ and inserting ‘‘This para-
graph’’; and 
(2) by redesignating paragraph (2) as para-
graph (3) and inserting after paragraph (1) the fol-
lowing: 
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‘‘(2) CONSULTATIONS WITH POTENTIALLY IM-
PACTED COMMUNITIES.—In any credit or common 
terms agreements to which the Agency is a party re-
lating to a transaction described in paragraph (1), 
the Agency shall include a provision to ensure that 
robust consultations with potentially impacted com-
munities in the country in which the activity will be 
carried out have been and will continue to be carried 
out throughout the project cycle.’’. 
(c) SENSE OF THE CONGRESS REGARDING AGENCY 
ACCOUNTABILITY.—It is the sense of the Congress that— 
(1) the Board of Directors of the United States 
Export Finance Agency (in this section referred to 
as the ‘‘Agency’’) should, after a public consultation 
process, establish a formal, transparent, and inde-
pendent accountability mechanism to review, inves-
tigate, offer independent dispute resolution to re-
solve, and publicly report on allegations by affected 
parties of any failure of the Agency to follow its own 
policies and procedures with regard to the environ-
mental and social effects of projects, and on situa-
tions where the Agency is alleged to have failed in 
ensuring the borrower is fulfilling its obligations in 
financing agreements with respect to the policies and 
procedures; 
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