I 
109TH CONGRESS 
2D SESSION 
H. R. 5068 
To reauthorize the operations of the Export-Import Bank, and to reform 
certain operations of the Bank, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 30, 2006 
Ms. PRYCE of Ohio (for herself, Mr. OXLEY, Mr. FRANK of Massachusetts, 
Mrs. MALONEY, Mr. MANZULLO, Mrs. BIGGERT, and Ms. VELA´ZQUEZ) 
introduced the following bill; which was referred to the Committee on Fi-
nancial Services 
A BILL 
To reauthorize the operations of the Export-Import Bank, 
and to reform certain operations of the Bank, 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 ‘‘Export-Import Bank 
Reauthorization Act of 2006’’. 
SEC. 2. TABLE OF CONTENTS. 
The table of contents of this Act is as follows: 
Sec. 1. Short title. 
Sec. 2. Table of contents. 
Sec. 3. Reauthorization. 
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Sec. 4. Increasing exports by small businesses. 
Sec. 5. Office of financing for socially and economically disadvantaged small 
business concerns and small business concerns owned by 
women. 
Sec. 6. Sub-Saharan Africa. 
Sec. 7. Extension of authority. 
Sec. 8. Transparency initiatives. 
Sec. 9. Effect of the Bank on the budget of the United States. 
Sec. 10. Competitiveness initiatives. 
Sec. 11. Consideration of environmental matters by the Advisory Committee. 
Sec. 12. Technical corrections. 
Sec. 13. Effective date. 
SEC. 3. REAUTHORIZATION. 
Section 7 of the Export-Import Bank Act of 1945 
(12 U.S.C. 635f) is amended by striking ‘‘2006’’ and in-
serting ‘‘2011’’. 
SEC. 4. INCREASING EXPORTS BY SMALL BUSINESSES. 
(a) ESTABLISHMENT
OF SMALL BUSINESS DIVI-
SION.— 
(1) IN GENERAL.—Section 3 of the Export-Im-
port Bank Act of 1945 (12 U.S.C. 635a) is amended 
by adding at the end the following: 
‘‘(f) SMALL BUSINESS DIVISION.— 
‘‘(1) ESTABLISHMENT.—The President of the 
Bank shall establish and maintain a division of the 
Bank whose sole functions shall be to— 
‘‘(A) carry out subparagraphs (E) and (I) 
of section 2(b)(1), as such subparagraphs relate 
to outreach, feedback, product improvement, 
and transaction advocacy for small business 
concerns; 
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‘‘(B) advise and seek feedback from small 
business concerns of the opportunities and ben-
efits for small business concerns in the financ-
ing products offered by the Bank, with par-
ticular emphasis on conducting outreach, better 
tailoring products to small business needs and 
increasing loans to small business concerns em-
ploying fewer than 100 employees; and 
‘‘(C) maintain liaison with the Small Busi-
ness Administration and other departments and 
agencies in matters affecting small business 
concerns. 
‘‘(2) MANAGEMENT.—The division shall be 
managed by a Bank officer designated by the Board 
of Directors— 
‘‘(A) who shall have substantial recent ex-
perience in financing exports by small business 
concerns; 
‘‘(B) whose sole executive duty shall be to 
ensure that the division carries out the func-
tions of the division; 
‘‘(C) who shall advise the Board, particu-
larly the Director appointed under section 
3(c)(8)(B) to represent the interests of small 
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business, on matters of interest to, and concern 
for, small business; 
‘‘(D) who shall rank not lower than senior 
vice president of the Bank; and 
‘‘(E) who shall report directly to the Presi-
dent of the Bank. 
‘‘(3) RESOURCES.— 
‘‘(A) IN GENERAL.—The President of the 
Bank shall ensure that the division has suffi-
cient qualified staff and budgetary resources to 
carry out subparagraphs (E) and (I) of section 
2(b)(1), as determined annually by the Presi-
dent of the Bank, after consultation with— 
‘‘(i) the officer referred to in para-
graph (2) of this subsection; 
‘‘(ii) the Director appointed under 
subsection (c)(8)(B) of this section; 
‘‘(iii) the Committee on Financial 
Services of the House of Representatives; 
and 
‘‘(iv) the Committee on Banking, 
Housing, and Urban Affairs of the Senate. 
‘‘(B) USES.— 
‘‘(i) IN GENERAL.—The President of 
the Bank shall ensure that the staff and 
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budgetary resources of the division are de-
voted solely to carrying out the functions 
of the division. 
‘‘(ii) CERTAIN
STAFF
DUTIES.—The 
division shall include staff dedicated exclu-
sively to providing outreach, training, and 
advice to, seeking feedback from, and ad-
vocating on behalf of small business con-
cerns regarding Bank financing opportuni-
ties, products, and programs. 
‘‘(C) RULE OF INTERPRETATION.—Noth-
ing in this Act shall be construed to prevent the 
delegation to the division of any authority nec-
essary to carry out subparagraphs (E) and (I) 
of section 2(b)(1). 
‘‘(4) SMALL BUSINESS CONCERN DEFINED.—In 
this subsection and subsections (g) and (h), the term 
‘small business concern’ shall have the meaning es-
tablished under section 3(a) of the Small Business 
Act. 
‘‘(g) HANDLING OF APPLICATIONS OF, AND PROC-
ESSING OF TRANSACTIONS INVOLVING SMALL BUSINESS 
CONCERNS.—Consistent with the requirement that the 
Bank obtain a reasonable assurance of repayment for each 
transaction the Bank supports, the Bank shall establish 
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and maintain transaction standards tailored to the special 
circumstances of small business concerns and shall use the 
standards in evaluating applications by the concerns for 
Bank financing. The Bank shall ensure that each appro-
priate division of the Bank has staff dedicated to the proc-
essing of transactions involving small business concerns. 
‘‘(h) SMALL BUSINESS COMMITTEE.— 
‘‘(1) ESTABLISHMENT.—The Bank shall estab-
lish and maintain a committee to be known as the 
‘Small Business Committee’. 
‘‘(2) PRINCIPAL PURPOSE.—The principal pur-
pose of the Small Business Committee shall be to 
focus on small business concerns and coordinate the 
efforts of the Bank with respect to small business 
concerns, including the timely processing of small 
business product applications and the evolution of 
new or improved Bank products to better serve small 
business needs. 
‘‘(3) COMPOSITION.— 
‘‘(A) CHAIRMAN.—The chairman of the 
Small Business Committee shall be the Senior 
Vice President of the Bank who is responsible 
for management of the Small Business Division 
of the Bank. 
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‘‘(B) OTHER MEMBERS.—The President of 
the Bank shall ensure that the committee is 
comprised of officers and employees throughout 
the Bank that have responsibility for outreach 
and processing transactions involving small 
business concerns. 
‘‘(4) REPORTS.—The Small Business Com-
mittee shall report to the President of the Bank.’’. 
(2) COORDINATION
IN
FINANCING
OF
SMALL 
BUSINESS
EXPORTS.—Section 2(b)(1)(E)(vii)(I) of 
such Act (12 U.S.C. 635(b)(1)(E)(vii)(I)) is amend-
ed by adding at the end the following: ‘‘The Bank 
shall work in coordination with the entities described 
in the preceding sentence to streamline the proc-
essing of applications for Bank financing from small 
business concerns and to provide training and advice 
as required on the needs and benefits of export fi-
nancing for small business concerns.’’ 
(b) REPORT ON FEES CHARGED TO, AND TRANS-
ACTIONS COSTS INCURRED
BY, SMALL
AND MEDIUM 
BUSINESS FOR BANK SERVICES.—Section 8 of such Act 
(12 U.S.C. 635g) is amended by adding at the end the 
following: 
‘‘(f) REPORT ON FEES CHARGED TO, AND TRANS-
ACTIONS COSTS INCURRED
BY, SMALL
AND MEDIUM 
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BUSINESS FOR BANK SERVICES.—The Bank shall submit 
to the Congress annually, and include in a separate section 
of the annual report to the Congress under subsection (a) 
of this section, a report on— 
‘‘(1) with respect to each type of transaction, 
the interest and fees charged by the Bank to export-
ers (including a description of fees and interest, if 
any, charged to small business concerns), buyers, 
and other applicants in connection with each financ-
ing program of the Bank, and the highest, lowest, 
and average fees charged by the Bank for short 
term insurance transactions; 
‘‘(2) the effects of the fees on the ability of the 
Bank to achieve the objectives of the Bank relating 
to small business; and 
‘‘(3) the fee structure of the Bank as compared 
with that of other foreign export credit agencies.’’. 
(c) REPORT
ON FINANCING DIRECTED TOWARD 
SMALL BUSINESS.—Section 8 of such Act (12 U.S.C. 
635g), as amended by subsection (b) of this section, is 
amended by adding at the end the following: 
‘‘(g) REPORT ON FINANCING DIRECTED TOWARD 
SMALL BUSINESS.—The Bank shall submit annually to 
the Committees on Financial Services and on Small Busi-
ness of the House of Representatives— 
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‘‘(1) a report on the extent to which the Bank 
has been able to use the authorities referred to in 
section 2(b)(1)(E)(iv), and, to the extent the Bank 
has been unable to fully do so, a report on the obsta-
cles to doing so and on what the Bank is doing to 
overcome the obstacles; 
‘‘(2) a report on the extent to which financing 
has been made available to small business concerns 
to enable them to participate in exports by major 
contractor, including through access to the supply 
chains of the contractors through direct or indirect 
funding; and 
‘‘(3) a strategic plan of action describing how, 
in the upcoming year, the Bank will take specific 
measures to achieve the small business objectives of 
the Bank, including expanded outreach, product im-
provements, and related actions.’’. 
(d) CONFORMING AMENDMENTS.— 
(1) IN GENERAL.— 
(A) Section 2(b)(1)(E) of such Act (12 
U.S.C. 635(b)(1)(E)), as amended by sub-
section (a)(2) of this section, is amended— 
(i) in clause (i)(II), by striking ‘‘gives 
fair consideration to making loans and pro-
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viding’’ and inserting ‘‘make loans and 
provide’’; 
(ii) by striking clause (iii); 
(iii) in clause (iv), by striking ‘‘clauses 
(ii) and (iii) of this subparagraph’’ and in-
serting ‘‘clause (ii)’’; 
(iv) in clause (vi)— 
(I) by striking ‘‘clause (v) of this 
subparagraph’’ and insert ‘‘clause 
(iv)’’; and 
(II) by striking ‘‘clause (vi)’’ and 
inserting ‘‘clause’’; 
(v) in clause (vii)— 
(I) in subclause (I), by striking 
‘‘(v)’’ and inserting ‘‘(iv)’’; and 
(II) in each of subclauses (II), 
(III), and (IV), by striking ‘‘clause 
(vii)’’ and inserting ‘‘clause’’; and 
(vi) by redesignating clauses (iv) 
through (x) as clauses (iii) through (ix), 
respectively. 
(B) Section 8 of such Act (12 U.S.C. 
635g) is amended— 
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(i) in subsection (b)(2)(B), by striking 
‘‘2(b)(1)(E)(vii)’’ 
and 
inserting 
‘‘2(b)(1)(E)(vi)’’; and 
(ii) in subsection (c), by striking 
‘‘(E)(x)’’ and inserting ‘‘(E)(ix)’’. 
(2) UNIFORM MEANING OF SMALL BUSINESS.— 
Section 
2(b)(1)(E) 
of 
such 
Act 
(12 
U.S.C. 
635(b)(1)(E)), as amended by subsection (a)(2) of 
this section and paragraph (1) of this subsection, is 
amended— 
(A) in clause (i)(II), by striking ‘‘busi-
nesses’’ and inserting ‘‘business concerns’’; 
(B) in clause (iv), by striking ‘‘(as defined 
under section 3 of the Small Business Act)’’; 
(C) in each of clauses (v), (vi) and (vii), by 
striking ‘‘small business exports’’ each place it 
appears and inserting ‘‘exports by small busi-
ness concerns’’; and 
(D) by adding at the end the following: 
‘‘(x) In this subparagraph, the term ‘small business 
concern’ shall have the meaning established under section 
3(a) of the Small Business Act.’’. 
(e) ENHANCE DELEGATED LOAN AUTHORITY FOR 
MEDIUM TERM TRANSACTIONS.— 
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(1) IN GENERAL.—The Export-Import Bank of 
the United States shall seek to expand the exercise 
of authority under section 2(b)(1)(E)(vi) of the Ex-
port-Import Bank Act of 1945 (as so redesignated 
by subsection (d)(1)(A)(vi) of this section) with re-
spect to medium term transactions for small busi-
ness concerns (as defined under section 3(a) of the 
Small Business Act). 
(2) 
CONFORMING
AMENDMENT.—Section 
2(b)(1)(E)(vi)(III) of the Export-Import Bank Act 
of 1945 (12 U.S.C. 635(b)(1)(E)(vi)(III)), as so re-
designated by subsection (d)(1)(A)(vi) of this sec-
tion, is amended by striking ‘‘To the maximum ex-
tent practicable, the’’ and inserting ‘‘The’’. 
(3) DEADLINE.—Within 180 days after the 
date of the enactment of this Act, the Export-Import 
Bank of the United States shall make available lines 
of credit and guarantees to carry out section 
2(b)(1)(E)(vi) of the Export-Import Bank Act of 
1945 (as so redesignated by subsection (d)(1)(A)(vi) 
of this section), pursuant to policies and procedures 
established by the Board of Directors of the Export- 
Import Bank of the United States. 
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SEC. 5. OFFICE OF FINANCING FOR SOCIALLY AND ECO-
NOMICALLY DISADVANTAGED SMALL BUSI-
NESS CONCERNS AND SMALL BUSINESS CON-
CERNS OWNED BY WOMEN. 
(a) IN GENERAL.—Section 3(f) of the Export-Import 
Bank Act of 1945 (12 U.S.C. 635a(f)), as added by sec-
tion 4(a) of this Act, is amended by redesignating para-
graph (4) as paragraph (5) and by inserting after para-
graph (3) the following: 
‘‘(4) OFFICE OF FINANCING FOR SOCIALLY AND 
ECONOMICALLY
DISADVANTAGED
SMALL
BUSINESS 
CONCERNS AND SMALL BUSINESS CONCERNS OWNED 
BY WOMEN.— 
‘‘(A) ESTABLISHMENT.—The President of 
the Bank shall establish in the division an office 
whose sole functions shall be to continue and 
enhance the outreach activities of the Bank 
with respect to, and increase the total amount 
of loans, guarantees, and insurance provided by 
the Bank to support exports by, socially and 
economically disadvantaged small business con-
cerns (as defined in section 8(a)(4) of the Small 
Business Act) and small business concerns 
owned by women. 
‘‘(B) MANAGEMENT.—The office shall be 
managed by a Bank officer of appropriate rank 
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who shall report to the Bank officer designated 
under section 3(f)(2).’’. 
(b) FINANCING DIRECTED TOWARD SMALL BUSI-
NESSES OWNED BY MINORITIES OR WOMEN.—Section 
2(b)(1)(E)(iv) of such Act (12 U.S.C. 635(b)(1)(E)(iv)), 
as so redesignated by section 4(d)(1)(A)(vi) of this Act, 
is amended by adding at the end the following: ‘‘From 
the amount made available under the preceding sentence, 
it shall be a goal of the Bank to make available not less 
than 10 percent of the amount to finance exports directly 
by small business concerns referred to in section 
3(f)(4)(A).’’. 
(c) REPORT
ON FINANCING DIRECTED TOWARD 
SMALL
BUSINESSES
OWNED
BY
MINORITIES
OR 
WOMEN.—Section 8(g) of such Act (12 U.S.C. 635g(g)), 
as added by section 4(c) of this Act, is amended by insert-
ing ‘‘and to finance exports by small business concerns 
referred to in section 3(f)(4)(A),’’ before ‘‘and to the ex-
tent’’. 
(d) REPORT ON BANK EFFORTS TO SUPPORT EX-
PORTS
BY SOCIALLY
AND ECONOMICALLY DISADVAN-
TAGED SMALL BUSINESS CONCERNS AND SMALL BUSI-
NESS CONCERNS OWNED BY WOMEN.—Section 8 of such 
Act (12 U.S.C. 635g), as amended by section 4 of this 
Act, is amended by adding at the end the following: 
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‘‘(h) REPORT ON EFFORTS TO SUPPORT EXPORTS BY 
SMALL- AND MEDIUM-SIZED BUSINESSES OWNED
BY 
WOMEN OR MINORITIES.—Not later than March 1 of each 
year, the Director appointed under section 3(c)(8)(B) of 
this Act shall prepare and submit to the Committee on 
Financial Services of the House of Representatives and 
the Committee on Banking, Housing, and Urban Affairs 
of the Senate, and the Bank shall include in a separate 
section of the annual report submitted pursuant to sub-
section (a) of this section, a written report that describes 
the progress made by the Bank in supporting exports by 
socially and economically disadvantaged small business 
concerns (as defined in section 8(a)(4) of the Small Busi-
ness Act) and small business concerns owned by women.’’. 
SEC. 6. SUB-SAHARAN AFRICA. 
(a) EXTENSION OF ADVISORY COMMITTEE.—Section 
2(b)(9)(B)(iii) of the Export-Import Bank Act of 1945 
(12 U.S.C. 635(b)(9)(B)(iii)) is amended by striking 
‘‘2006’’ and inserting ‘‘2011’’. 
(b) IMPROVED LIAISON WITH AFRICAN REGIONAL 
FINANCIAL INSTITUTIONS.— 
(1) MASTER GUARANTEE AGREEMENTS.—With-
in 1 year after the date of the enactment of this Act, 
the Export-Import Bank of the United States shall 
seek to ensure that there is in effect a contract be-
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tween each approved lender in Africa and the Bank, 
which sets forth the Bank’s guarantee undertakings 
and related obligations between the Bank and the 
lender. 
(2) REPORT
ON
WORKING
RELATIONSHIPS 
WITH THE AFRICAN DEVELOPMENT BANK, THE AF-
RICA EXPORT-IMPORT BANK, AND OTHER INSTITU-
TIONS.—Section 2(b)(9) of such Act (12 U.S.C. 
635(b)(9)) is amended by adding at the end the fol-
lowing: 
‘‘(C) The Bank shall include in the annual report to 
the Congress submitted under section 8(a) a separate sec-
tion that contains a report on the efforts of the Bank to 
improve working relationships with the African Develop-
ment Bank, the Africa Export-Import Bank, and other in-
stitutions in the region that are relevant to the purposes 
of subparagraph (A) of this paragraph.’’. 
(c) CLOSER COOPERATION WITH OTHER UNITED 
STATES
AGENCIES
WORKING
IN
AFRICA.—Section 
2(b)(9) of such Act (12 U.S.C. 635(b)(9)) is further 
amended by adding at the end the following: 
‘‘(D) The Bank shall closely coordinate with the 
United States Foreign Commercial Service and with the 
overall strategy of the United States Government, for eco-
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nomic engagement with Africa pursuant to the African 
Growth and Opportunity Act. 
‘‘(E) The Bank shall develop initiatives to train For-
eign Service and Commercial Service officers serving at 
United State embassies in Africa, in the use of Bank pro-
grams, so the officers can encourage African buyers to 
take part in transactions supported by the Bank.’’. 
(d) ADJUSTMENTS TO PROCEDURES TO PROMOTE 
QUALIFICATION OF AFRICAN ENTITIES.—Section 2(b)(9) 
of such Act (12 U.S.C. 635(b)(9)) is further amended by 
adding at the end the following: 
‘‘(F) Consistent with the requirement that the Bank 
obtain a reasonable assurance of repayment in connection 
with each transaction the Bank supports, the Bank shall, 
in consultation with the entities described in subparagraph 
(C), seek greater flexibility in the due-diligence procedures 
of the Bank for the purpose of qualifying a greater num-
ber of appropriate African entities for participation in pro-
grams of the Bank.’’. 
(e) LOCAL CURRENCY FINANCING.—Section 2(b)(9) 
of such Act (12 U.S.C. 635(b)(9)) is further amended by 
adding at the end the following: 
‘‘(G) The Bank shall develop procedures under which 
the Bank is capable of financing certain African programs 
in local currencies.’’. 
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