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‘‘(3) details the effects of exports and projects 
financed by the Agency on the number of jobs cre-
ated or retained in the energy and related tech-
nologies industries of the United States.’’. 
(d) FINANCING FOR RENEWABLE ENERGY, ENERGY 
EFFICIENCY, AND ENERGY STORAGE TECHNOLOGIES.— 
Section 2(b)(1)(K) of such Act (12 U.S.C. 635(b)(1)(K)) 
is amended by inserting ‘‘, energy efficiency (including 
battery electric vehicles, batteries for electric vehicles, and 
electric vehicle charging infrastructure), and energy stor-
age. It shall be a goal of the Bank to ensure that not 
less than 5 percent of the applicable amount (as defined 
in section 6(a)(2)) is made available each fiscal year for 
the financing of renewable energy, energy efficiency (in-
cluding battery electric vehicles, batteries for electric vehi-
cles, and electric vehicle charging infrastructure), and en-
ergy storage technology exports’’ before the period. 
(e) 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-
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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 impacts of projects, including im-
pacts on workers, and on situations where the Agen-
cy is alleged to have failed in ensuring the borrower 
is fulfilling its obligations in financing agreements 
with respect to the policies and procedures; 
(2) the accountability mechanism should be able 
to provide advice to management on policies, proce-
dures, guidelines, resources, and systems established 
to ensure adequate review and monitoring of the en-
vironmental and social impacts of projects; 
(3) in carrying out its mandate, the confiden-
tiality of sensitive business information should be re-
spected, as appropriate, and, in consultation with 
potentially impacted communities, project sponsors, 
Agency management, and other relevant parties, a 
flexible process should be followed aimed primarily 
at correcting project failures and achieving better re-
sults on the ground; 
(4) the accountability mechanism should be 
independent of the line operations of management, 
and report its findings and recommendations directly 
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to the Board of Directors of the Agency and annu-
ally to the Congress; 
(5) the annual report of the Agency should in-
clude a detailed accounting of the activities of the 
accountability mechanism for the year covered by 
the report and the remedial actions taken by the 
Agency in response to the findings of the account-
ability mechanism; 
(6) in coordination with the accountability 
mechanism, the Agency and relevant parties should 
engage in proactive outreach to communities im-
pacted or potentially impacted by Agency financing 
and activities to provide information on the existence 
and availability of the accountability mechanism; 
(7) the President of the Agency should, subject 
to the approval of the Board of Directors of the 
Agency, and consistent with applicable law, through 
an open and competitive process, including solicita-
tion of input from relevant stakeholders, appoint a 
director of the accountability mechanism, who would 
be responsible for the day-to-day operations of the 
mechanism, and a panel of not less than three ex-
perts, including the director, who would also serve as 
chair of the panel; and 
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(8) the accountability mechanism director and 
members of the panel should not have been em-
ployed by the Agency within the 5 years preceding 
their appointment, and should be ineligible from fu-
ture employment at the Agency. 
SEC. 14. REINSURANCE PROGRAM. 
Section 51008 of the Fixing America’s Surface 
Transportation Act (12 U.S.C. 635 note) is amended— 
(1) in the section heading, by striking 
‘‘PILOT’’; 
(2) in subsection (a), by striking ‘‘pilot’’; 
(3) 
in 
subsection 
(b)(1), 
by 
striking 
‘‘$1,000,000,000’’ and inserting ‘‘$2,000,000,000’’; 
and 
(4) by striking subsections (c) through (e) and 
inserting the following: 
‘‘(c) FACTORS
FOR CONSIDERATION
IN REINSUR-
ANCE POOLS.—In implementing this section, the Agency 
shall, with respect to a reinsurance pool, pursue appro-
priate objectives to reduce risk and costs to the Agency, 
including by the following, to the extent practicable: 
‘‘(1) Ensuring a reasonable diversification of 
risks. 
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‘‘(2) Including larger exposures where the pos-
sibility of default raises overall portfolio risk for the 
Agency. 
‘‘(3) Excluding transactions from the pool that 
are covered by first-loss protection. 
‘‘(4) Excluding transactions from the pool that 
are collateralized at a rate greater than standard 
market practice. 
‘‘(5) Diversifying reinsurance pools by industry 
and other appropriate factors. 
‘‘(6) Exploring different time periods of cov-
erage. 
‘‘(7) Exploring both excess of loss structures on 
a per-borrower as well as an aggregate basis. 
‘‘(d) BIENNIAL REPORTS.—Not later than 1 year 
after the date of the enactment of this subsection, and 
every 2 years thereafter through 2029, the Agency shall 
submit to the Committee on Financial Services of the 
House of Representatives and the Committee on Banking, 
Housing, and Urban Affairs of the Senate a written report 
that contains an assessment of the use of the program 
carried out under subsection (a) since the most recent re-
port under this subsection. 
‘‘(e) RULE OF CONSTRUCTION.—Nothing in this sec-
tion shall be construed to limit any authority of the Agen-
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