IB
Union Calendar No. 386
104TH CONGRESS
2D SESSION
H. R. 3759
[Report No. 104–722]
To extend the authority of the Overseas Private Investment Corporation,
and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
JULY 9, 1996
Mr. ROTH (for himself, Mr. GILMAN, Mr. HAMILTON, Mr. GEJDENSON, Mr.
LEACH, Mr. BEREUTER, Mrs. MEYERS of Kansas, Mr. MANZULLO, Mr.
GALLEGLY, Mr. JOHNSTON
of Florida, Mr. MARTINEZ, and Mr.
TORRICELLI) introduced the following bill; which was referred to the
Committee on International Relations
JULY 30, 1996
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 July 9, 1996]
A BILL
To extend the authority of the Overseas Private Investment
Corporation, and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Exports, Jobs, and
Growth Act of 1996’’.
TITLE I—OVERSEAS PRIVATE
INVESTMENT CORPORATION
SEC. 101. INCOME LEVELS.
Section 231 of the Foreign Assistance Act of 1961 (22
U.S.C. 2191) is amended in paragraph (2) of the second
undesignated paragraph—
(1) by striking ‘‘$984 or less in 1986 United
States dollars’’ and inserting ‘‘$1,280 or less in 1994
United States dollars’’; and
(2) by striking ‘‘$4,269 or more in 1986 United
States dollars’’ and inserting ‘‘$5,556 or more in
1994 United States dollars’’.
SEC. 102. CEILING ON INVESTMENT INSURANCE.
Section 235(a)(1) of the Foreign Assistance Act of 1961
(22 
U.S.C. 
2195(a)(1)) 
is 
amended 
by 
striking
‘‘$13,500,000,000’’ and inserting ‘‘$25,000,000,000’’.
SEC. 103. CEILING ON FINANCING.
Section 235(a)(2)(A) of the Foreign Assistance Act of
1961 (22 U.S.C. 2195(a)(2)(A)) is amended by striking
‘‘$9,500,000,000’’ and inserting ‘‘$20,000,000,000’’.
SEC. 104. ISSUING AUTHORITY.
Section 235(a)(3) of the Foreign Assistance Act of 1961
(22 U.S.C. 2195(a)(3)) is amended by striking ‘‘1996’’ and
inserting ‘‘2001’’.
SEC. 105. POLICY GUIDANCE.
Section 231 of the Foreign Assistance Act of 1961 (22
U.S.C. 2191) is amended in the first paragraph—
(1) by striking ‘‘To mobilize’’ and inserting ‘‘To
increase United States exports to, and to mobilize’’;
(2) by striking ‘‘of less developed’’ and inserting
‘‘of, less developed’’; and
(3) by inserting ‘‘trade policy and’’ after ‘‘com-
plementing the’’.
SEC. 106. BOARD OF DIRECTORS.
Section 233(b) of the Foreign Assistance Act of 1961
(22 U.S.C. 2193(b)) is amended—
(1) by striking the second and third sentences;
(2) in the fourth sentence by striking ‘‘(other
than the President of the Corporation, appointed pur-
suant to subsection (c) who shall serve as a Director,
ex-officio)’’;
(3) in the second undesignated paragraph—
(A) by inserting ‘‘the President of the Cor-
poration, the Administrator of the Agency for
International Development, the United States
Trade Representative, and’’ after ‘‘including’’;
and
(B) by adding at the end the following:
‘‘The United States Trade Representative may
designate a Deputy United States Trade Rep-
resentative to serve on the Board in place of the
United States Trade Representative.’’; and
(4) by inserting after the second undesignated
paragraph the following:
‘‘There shall be Chairman and a Vice Chairman of the
Board, both of whom shall be designated by the President
of the United States from among the Directors of the Board
other than those appointed under the second sentence of the
first paragraph of this subsection.’’.
TITLE II—TRADE AND
DEVELOPMENT AGENCY
SEC. 201. TRADE AND DEVELOPMENT AGENCY AUTHORIZA-
TION.
Section 661(f)(1)(A) of the Foreign Assistance Act of
1961 (22 U.S.C. 2191(f)(1)(A)) is amended to read as fol-
lows:
‘‘(1) AUTHORIZATION.—(A) There are authorized
to be appropriated for purposes of this section, in ad-
dition to funds otherwise available for such purposes,
$40,000,000 for fiscal 1997, and such sums as are
necessary for fiscal year 1998.’’.
TITLE III—EXPORT PROMOTION
PROGRAMS 
WITHIN 
THE
INTERNATIONAL TRADE AD-
MINISTRATION
SEC. 301. EXPORT PROMOTION AUTHORIZATION.
Section 202 of the Export Administration Amend-
ments Act of 1985 (15 U.S.C. 4052) is amended to read
as follows:
‘‘SEC. 202. AUTHORIZATION OF APPROPRIATIONS.
‘‘There are authorized to be appropriated to the De-
partment of Commerce to carry out export promotion pro-
grams $240,000,000 for fiscal year 1997 and such sums as
are necessary for fiscal year 1998.’’.
TITLE IV—TRADE PROMOTION
COORDINATING COMMITTEE
SEC. 401. STRATEGIC EXPORT PLAN.
Section 2312(c) of the Export Enhancement Act of
1988 (15 U.S.C. 4727) is amended—
(1) by striking ‘‘and’’ at the end of paragraph
(4);
(2) by striking the period at the end of para-
graph (5) and inserting a semicolon; and
(3) by adding at the end the following:
‘‘(6) identify means for providing more coordi-
nated and comprehensive export promotion services
to, and in behalf of, small- and medium-sized busi-
nesses; and
‘‘(7) establish a set of priorities to promote Unit-
ed States exports to, and free market reforms in, the
Middle East that are designed to stimulate job growth
both in the United States and the region.’’.
SEC. 402. IMPLEMENTATION OF PRIMARY OBJECTIVES.
The Trade Promotion Coordinating Committee shall—
(1) identify the areas of overlap and duplication
among Federal export promotion activities and report
on the actions taken or efforts currently underway to
eliminate such overlap and duplication;
(2) report on actions taken or efforts currently
underway to promote better coordination between
State, Federal, and private sector export promotion
activities, including co-location, cost-sharing between
Federal, State, and private sector export promotion
programs, and sharing of market research data; and
(3) by not later than September 30, 1997, in-
clude the matters addressed in paragraphs (1) and
(2) in the annual report required to be submitted
under section 2312(f) of the Export Enhancement Act
of 1988 (15 U.S.C. 4727(f)).