HR 2072 PCS 
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 examine and report to Congress on its current pro-
grams, products, and polices with respect to the implemen-
tation of its export credit insurance program, delegated 
lending authority, and direct loans, and any other pro-
grams, products, and policies established to support ex-
ports from small businesses in the United States, and de-
termine the extent to which those policies adequately meet 
the needs of the small businesses in obtaining Bank fi-
nancing to support the maintenance or creation of jobs 
in the United States through exports, consistent with the 
requirement that the Bank obtain a reasonable assurance 
of repayment. 
SEC. 15. REVIEW AND REPORT ON DOMESTIC CONTENT 
POLICY. 
(a) IN GENERAL.—The Export-Import Bank of the 
United States shall conduct a review of its domestic con-
tent policy for medium- and long-term transactions. The 
review shall examine and evaluate the effectiveness of the 
Bank’s policy— 
(1) in maintaining and creating jobs in the 
United States; and 
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(2) in contributing to a stronger national econ-
omy through the export of goods and services. 
(b) FACTORS TO CONSIDER.—In conducting the re-
view under subsection (a), the Bank shall consider the fol-
lowing: 
(1) Whether the domestic content policy accu-
rately captures the costs of United States production 
of goods and services, including the direct and indi-
rect costs of manufacturing costs, parts, compo-
nents, materials and supplies, research, planning en-
gineering, design, development, production, return 
on investment, marketing and other business costs 
and the effect of such policy on the maintenance and 
creation of jobs in the United States. 
(2) The ability of the Bank to provide financing 
that is competitive with the financing provided by 
foreign export credit agencies and the impact that 
such financing has in enabling companies with oper-
ations in the United States to contribute to a 
stronger United States economy by increasing em-
ployment through the export of goods and services. 
(3) The effects of the domestic content policy 
on the manufacturing and service workforce of the 
United States. 
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(4) Any recommendations the members of the 
Bank’s Advisory Committee have regarding the 
Bank’s domestic content policy. 
(5) The effect that changes to the Bank’s do-
mestic content requirements would have in providing 
companies an incentive to create and maintain oper-
ations in the United States and to increase jobs in 
the United States. 
(c) REPORT.—Not later than 1 year after the date 
of the enactment of this Act, the Bank shall submit a re-
port on the results of the review conducted under this sec-
tion to the Committee on Banking, Housing, and Urban 
Affairs of the Senate, and the Committee on Financial 
Services of the House of Representatives. 
SEC. 16. IMPROVEMENT OF METHOD FOR CALCULATING 
THE EFFECTS OF BANK FINANCING ON JOB 
CREATION 
AND 
MAINTENANCE 
IN 
THE 
UNITED STATES. 
(a) GAO STUDY.—The Comptroller General of the 
United States shall conduct a study of the process and 
methodology 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 creation and maintenance of employment 
in the United States, determine and assess the basis on 
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which the Bank has so used the methodology, and make 
any recommendations the Comptroller General deems ap-
propriate. 
(b) REPORT.—Within 1 year after the date of the en-
actment of this Act, the Comptroller General shall submit 
to the Congress and the Bank the results of the study 
required by subsection (a). 
(c) IMPLEMENTATION
OF RECOMMENDATIONS.—If 
the report submitted pursuant to subsection (b) includes 
recommendations, the Bank may establish a more accu-
rate methodology of the kind described in subsection (a) 
based on the recommendations. 
SEC. 17. PERIODIC AUDITS OF BANK TRANSACTIONS. 
(a) IN GENERAL.—Within 2 years after the date of 
the enactment of this Act, and periodically (but not less 
frequently than every 4 years) thereafter, the Comptroller 
General of the United States shall conduct an audit of 
the loan and guarantee transactions of the Export-Import 
Bank of the United States to determine the compliance 
of the Bank with the underwriting guidelines, lending poli-
cies, due diligence procedures, and content guidelines of 
the Bank. 
(b) REVIEW
OF FRAUD CONTROLS.—The Comp-
troller General of the United States shall review the ade-
quacy of the design and effectiveness of the controls used 
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by the Export-Import Bank of the United States to pre-
vent, detect, and investigate fraudulent applications for 
loans and guarantees, including by auditing a sample of 
Bank transactions, and submit to the Congress a written 
report which contains such recommendations with respect 
to the controls as the Comptroller General deems appro-
priate. 
SEC. 18. PROHIBITIONS ON FINANCING FOR CERTAIN PER-
SONS INVOLVED IN SANCTIONABLE ACTIVI-
TIES WITH RESPECT TO IRAN. 
(a) PROHIBITION
ON FINANCING
FOR PERSONS 
THAT
ENGAGE
IN
CERTAIN
SANCTIONABLE
ACTIVI-
TIES.— 
(1) IN GENERAL.—Beginning on the date that 
is 180 days after the date of the enactment of this 
Act, the Board of Directors of the Export-Import 
Bank of the United States may not approve any 
transaction that is subject to approval by the Board 
with respect to the provision by the Bank of any 
guarantee, insurance, or extension of credit, or the 
participation by the Bank in any extension of credit, 
to a person in connection with the exportation of any 
good or service unless the person makes the certifi-
cation described in paragraph (2). 
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