I
107TH CONGRESS
1ST SESSION
H. R. 2517
To reauthorize the Export-Import Bank of the United States, and for other
purposes.
IN THE HOUSE OF REPRESENTATIVES
JULY 17, 2001
Mr. BEREUTER (for himself and Mr. SANDERS) introduced the following bill;
which was referred to the Committee on Financial Services
A BILL
To reauthorize the Export-Import Bank of the United States,
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; TABLE OF CONTENTS.
(a) SHORT TITLE.—This Act may be cited as the
‘‘Export-Import Bank Reauthorization Act of 2001’’.
(b) TABLE OF CONTENTS.—The table of contents of
this Act is as follows:
Sec. 1. Short title; table of contents.
Sec. 2. Extension of authority.
Sec. 3. Administrative expenses.
Sec. 4. Increase in aggregate loan, guarantee, and insurance authority.
Sec. 5. Activities relating to Africa.
Sec. 6. Small business.
Sec. 7. Technology.
Sec. 8. Tied Aid Credit Fund.
Sec. 9. Expansion of authority to use Tied Aid Credit Fund.
Sec. 10. Renaming of Tied Aid Credit Program and Fund as Export Competi-
tiveness Program and Fund.
Sec. 11. Annual competitiveness report.
Sec. 12. Renewable energy sources.
Sec. 13. GAO reports.
Sec. 14. Information and certifications required from companies seeking or re-
ceiving new assistance.
Sec. 15. Human rights.
Sec. 16. Steel.
Sec. 17. Correction of references.
SEC. 2. EXTENSION OF AUTHORITY.
Section 7 of the Export-Import Bank Act of 1945
(12 U.S.C. 635f) and section 1(c) of Public Law 103–428
(12 U.S.C. 635 note; 108 Stat. 4376) are each amended
by striking ‘‘2001’’ and inserting ‘‘2005’’.
SEC. 3. ADMINISTRATIVE EXPENSES.
(a) LIMITATIONS
ON AUTHORIZATION
OF APPRO-
PRIATIONS.—Section 3 of the Export-Import Bank Act of
1945 (12 U.S.C. 635a) is amended by adding at the end
the following:
‘‘(f) LIMITATIONS ON AUTHORIZATION OF APPRO-
PRIATIONS FOR ADMINISTRATIVE EXPENSES.—
‘‘(1) IN
GENERAL.—For administrative ex-
penses incurred by the Bank, including technology-
related expenses to carry out section 2(b)(1)(E)(x),
there are authorized to be appropriated to the Bank
not more than—
‘‘(A) for fiscal year 2002, $70,000,000;
and
‘‘(B) for each of fiscal years 2003 through
2005, the amount authorized by this paragraph
to be appropriated for the then preceding fiscal
year, increased by the inflation percentage (as
defined in section 6(a)(2)(B)) applicable to the
then current fiscal year.
‘‘(2) OUTREACH TO SMALL BUSINESSES WITH
FEWER THAN 100 EMPLOYEES.—Of the amount ap-
propriated pursuant to paragraph (1), there shall be
available for outreach to small business concerns (as
defined under section 3 of the Small Business Act)
employing fewer than 100 employees, not more
than—
‘‘(A) $2,000,000 for fiscal year 2002; and
‘‘(B) for each of fiscal years 2003 through
2005, the amount required by this paragraph to
be made available for the then preceding fiscal
year, increased by the inflation percentage (as
defined in section 6(a)(2)(B)) applicable to the
then current fiscal year.’’.
(b) REQUIRED BUDGET SUBCATEGORIES.—Section
1105 of title 31, United States Code, is amended by add-
ing at the end the following:
‘‘(34) with respect to the amount of appropria-
tions requested for use by the Export-Import Bank
(E) small businesses need Export-Import
Bank technology improvements in order to ex-
port transactions quickly, with as great paper
ease as possible, and with a quick Bank turn-
around time that does not overstrain the tight
resources of such businesses;
(F) the Export-Import Bank intends to de-
velop a number of e-commerce initiatives aimed
at improving customer service, including web-
based application and claim filing procedures
which would reduce processing time, speed pay-
ment of claims, and increase staff efficiency;
(G) the Export-Import Bank is beginning
the process of moving insurance applications
from an outdated mainframe system to a mod-
ern, 
web-enabled 
database, 
with 
new
functionality including credit scoring, portfolio
management, work flow and e-commerce fea-
tures to be added; and
(H) the Export-Import Bank wants to con-
tinue its e-commerce strategy, including web
site development, expanding online applications
and establishing a public/private sector tech-
nology partnership.
(2) SENSE OF THE CONGRESS.—The Congress
emphasizes the importance of technology improve-
ments for the Export-Import Bank of the United
States, which are of particular importance for small
businesses.
SEC. 4. INCREASE IN AGGREGATE LOAN, GUARANTEE, AND
INSURANCE AUTHORITY.
Section 6(a) of the Export-Import Bank Act of 1945
(12 U.S.C. 635e(a)) is amended to read as follows:
‘‘(a) LIMITATION ON OUTSTANDING AMOUNTS.—
‘‘(1) IN GENERAL.—The Export-Import Bank
of the United States shall not have outstanding at
any one time loans, guaranties, and insurance in an
aggregate amount in excess of the applicable
amount.
‘‘(2) APPLICABLE AMOUNT.—
‘‘(A) IN GENERAL.—In paragraph (1), the
term ‘applicable amount’ means—
‘‘(i) 
during 
fiscal 
year 
2002,
$100,000,000,000, increased by the infla-
tion percentage applicable to fiscal year
2002;
‘‘(ii) 
during 
fiscal 
year 
2003,
$110,000,000,000, increased by the infla-
tion percentage applicable to fiscal year
2003;
‘‘(iii) 
during 
fiscal 
year 
2004,
$120,000,000,000, increased by the infla-
tion percentage applicable to fiscal year
2004; and
‘‘(iv) 
during 
fiscal 
year 
2005,
$130,000,000,000, increased by the infla-
tion percentage applicable to fiscal year
2005.
‘‘(B) INFLATION PERCENTAGE.—For pur-
poses of subparagraph (A) of this paragraph,
the inflation percentage applicable to any fiscal
year is the percentage (if any) by which—
‘‘(i) the average of the Consumer
Price Index (as defined in section 1(f)(5)
of the Internal Revenue Code of 1986) for
the 12-month period ending on December
31 of the immediately preceding fiscal
year; exceeds
‘‘(ii) the average of the Consumer
Price Index (as so defined) for the 12-
month period ending on December 31 of
the 2nd preceding fiscal year.
‘‘(3) 
SUBJECT
TO
APPROPRIATIONS.—All
spending and credit authority provided under this
Act shall be effective for any fiscal year only to such
extent or in such amounts as are provided in appro-
priation Acts.’’.
SEC. 5. ACTIVITIES RELATING TO AFRICA.
(a) EXTENSION OF ADVISORY COMMITTEE FOR SUB-
SAHARAN AFRICA.—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 ‘‘4 years after the date of enact-
ment of this subparagraph’’ and inserting ‘‘on September
30, 2005’’.
(b) COORDINATION OF AFRICA ACTIVITIES.—Section
2(b)(9)(A) of the Export-Import Bank Act of 1945 (12
U.S.C. 635(b)(9)(A)) is amended by inserting ‘‘, in con-
sultation with the Department of Commerce and the
Trade Promotion Coordinating Council,’’ after ‘‘shall’’.
(c) CONTINUED REPORTS TO THE CONGRESS.—Sec-
tion 7(b) of the Export-Import Bank Reauthorization Act
of 1997 (12 U.S.C. 635 note) is amended by striking ‘‘4’’
and inserting ‘‘8’’.
(d) CREATION OF OFFICE ON AFRICA.—Section 3 of
the Export-Import Bank Act of 1945 (12 U.S.C. 635a)
is further amended by adding at the end the following:
‘‘(g)(1) There is established in the Bank an Office
on Africa.
‘‘(2) The Office on Africa shall focus on increasing
Bank activities in Africa and increasing visibility among
United States companies of African markets for exports.
‘‘(3) The Office on Africa shall, from time to time
not less than annually, report to the Board on the matters
described in paragraph (2).’’.
SEC. 6. SMALL BUSINESS.
Section 2(b)(1)(E)(v) of the Export-Import Bank Act
of 1945 (12 U.S.C. 635(b)(1)(E)(v)) is amended—
(1) by striking ‘‘10’’ and inserting ‘‘25’’; and
(2) by inserting ‘‘, and from such amount, not
less than 10 percent of such authority shall be made
available for small business concerns employing
fewer than 100 employees’’ before the period.
SEC. 7. TECHNOLOGY.
(a) SMALL BUSINESS.—Section 2(b)(1)(E) of the Ex-
port-Import Bank Act of 1945 (12 U.S.C. 635(b)(1)(E))
is amended by adding at the end the following:
‘‘(x) The Bank shall implement technology improve-
ments which are designed to improve small business out-
reach, including allowing customers to use the Internet to
apply for all Bank programs.’’.
(b) ELECTRONIC TRACKING OF PENDING TRANS-
ACTIONS.—Section 2(b)(1) of such Act (12 U.S.C.
635(b)(1)) is amended by adding at the end the following:
‘‘(J) The Bank shall implement an electronic system
designed to track all pending transactions of the Bank.’’.
(c) REPORTS.—
(1) IN GENERAL.—During each of fiscal years
2002 through 2005, the Export-Import Bank of the
United States shall submit to the Committees on Fi-
nancial Services and on Appropriations of the House
of Representatives and the Committees on Banking,
Housing, and Urban Affairs and on Appropriations
of the Senate an interim report and a final report
on the efforts made by the Bank to carry out sub-
sections (E)(x) and (J) of section 2(b)(1) of the Ex-
port-Import Bank Act of 1945, and on how the ef-
forts are assisting small businesses.
(2) TIMING.—The interim report required by
paragraph (1) for a fiscal year shall be submitted
April 30 of the fiscal year, and the final report so
required for a fiscal year shall be submitted on No-
vember 1 of the succeeding fiscal year.
SEC. 8. TIED AID CREDIT FUND.
(a) PROCESS AND STANDARDS.—Section 10(b) of the
Export-Import Bank Act of 1945 (12 U.S.C. 635i–3(b))
is amended—
(1) in paragraph (2)(A), by striking ‘‘Sec-
retary’s recommendations’’ and all that follows and
inserting ‘‘process and standards developed pursuant
to paragraph (5)’’; and
(2) by adding at the end the following:
‘‘(5) PROCESS
AND
STANDARDS
GOVERNING
USE OF THE FUND.—
‘‘(A) IN
GENERAL.—The Secretary shall
develop a process for, and the standards to be
used in, determining how the amounts in the
Tied Aid Credit Fund could be used most effec-
tively and efficiently to carry out the purposes
of subsection (a)(6).
‘‘(B) CONTENT OF PROCESS AND STAND-
ARDS.—
‘‘(i) CONSIDERATION
OF
CERTAIN
STANDARDS.—In developing the standards
referred to in subparagraph (A), the Sec-
retary shall consider administering the
Tied Aid Credit Fund in accordance with
the following standards:
‘‘(I) The Tied Aid Credit Fund
will be used to counter a foreign tied
aid credit confronted by a United
States exporter when bidding for a
capital project.
‘‘(II) Credible information about
an offer of foreign tied aid will be re-
quired before the Tied Aid Credit
Fund is used to offer specific terms to
match such an offer.
‘‘(III) The Tied Aid Credit Fund
will be used to enable a competitive
United States exporter to pursue fur-
ther market opportunities made pos-
sible by the use of the Fund.
‘‘(IV) Each use of the Tied Aid
Credit Fund will be in accordance
with the Arrangement unless a breach
of the Arrangement has been com-
mitted by a foreign export credit
agency.
‘‘(V) The Tied Aid Credit Fund
will be used to defend potential sales
by United States companies to a
project that is environmentally sound.
‘‘(VI) The Tied Aid Credit Fund
will be used to preemptively counter
potential foreign tied aid offers with-
out triggering foreign tied aid use.
‘‘(ii) LIMITATION.—The process and
standards referred to in subparagraph (A)
shall not result in the Secretary having the
authority to veto a specific deal.
‘‘(C) INITIAL
REPORT.—As soon as is
practicable but not later than 6 months after
the date of the enactment of this paragraph,
the Secretary shall submit to the Committee on
Financial Services of the House of Representa-
tives and the Committee on Banking, Housing,
and Urban Affairs of the Senate a report on
the process and standards developed pursuant
to subparagraph (A).
‘‘(D) 
TRANSITIONAL
STANDARDS.—The
standards set forth in subparagraph (B)(i) shall
govern the use of the Tied Aid Credit Fund
until the report required by subparagraph (C)
is submitted.
‘‘(E) UPDATE AND REVISION; REPORTS.—
The Secretary should update and revise, as
needed, the process and standards developed
pursuant to subparagraph (A), and, on doing
so, 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 report on the
process and standards so updated and re-
vised.’’.
(b) RECONSIDERATION
OF BOARD DECISIONS
ON
USE OF FUND.—Section 10(b) of such Act (12 U.S.C.
635i–3(b)) is further amended by adding at the end the
following:
‘‘(6) RECONSIDERATION OF DECISIONS.—
‘‘(A) IN GENERAL.—Taking into consider-
ation the time sensitivity of transactions, the
Board of Directors of the Bank shall expedi-
tiously reconsider a decision of the Board to
deny an application of the use of the Tied Aid
Credit Fund if the applicant submits the re-
quest for reconsideration within 3 months of
the denial.
‘‘(B) PROCEDURAL RULES.—In any such
reconsideration, the applicant may, but shall
not be required to, provide new information on
the application.’’.
SEC. 9. EXPANSION OF AUTHORITY TO USE TIED AID CRED-
IT FUND.
(a) UNTIED AID.—
(1) NEGOTIATIONS.—The Secretary of the
Treasury shall seek to negotiate an OECD Arrange-
ment on Untied Aid. In the negotiations, the Sec-
retary shall seek agreement on subjecting untied aid
to the rules governing the Arrangement, including
the rules governing disclosure.
(2) REPORT TO THE CONGRESS.—Within 1 year
after the date of the enactment of this Act, the Sec-
retary of the Treasury shall submit to the Com-
mittee on Financial Services of the House of Rep-
resentatives and the Committee on Banking, Hous-
ing, and Urban Affairs of the Senate a report on the
successes, failures, and obstacles in reaching the
agreement described in paragraph (1).
(b) MARKET WINDOWS.—
(1) NEGOTIATIONS.—The Secretary of the
Treasury shall seek to negotiate an OECD Arrange-
ment on Market Windows. In the negotiations, the
Secretary shall seek agreement on subjecting market
windows to the rules governing the Arrangement, in-
cluding the rules governing disclosure.
(2) REPORT
TO
THE
CONGRESS.—Within 2
years after the date of the enactment of this Act, the
Secretary of the Treasury shall submit to the Com-
mittee on Financial Services of the House of Rep-
resentatives and the Committee on Banking, Hous-
ing, and Urban Affairs of the Senate a report on
the successes, failures, and obstacles in reaching the
agreement described in paragraph (1).
(c) USE OF TIED AID CREDIT FUND TO COMBAT
UNTIED AID AND MARKET WINDOWS.—Section 10 of the
Export-Import Bank Act of 1945 (12 U.S.C. 635i–3) is
amended—
(1) in subsection (a)—
(A) in paragraph (1), by inserting ‘‘, and
market windows used by’’ before ‘‘other coun-
tries’’;
(B) in paragraph (4), by striking ‘‘and’’ at
the end;
(C) in paragraph (5), by inserting ‘‘, or
market windows,’’ before ‘‘for commercial’’ the
1st and 3rd places it appears; and
(D) by redesignating paragraph (5) as
paragraph (6) as inserting after paragraph (4)
the following:
‘‘(5) the Bank has, at a minimum, the following
two tasks:
‘‘(A)(i) First, the Bank should match, and
even overmatch, foreign export credit agencies
when they engage in tied aid outside the con-
fines of the Arrangement and when they exploit
loopholes, such as market windows and untied
aid;
‘‘(ii) such matching and overmatching is
needed to provide the United States with lever-
age in efforts at the OECD to reduce the over-
all level of export subsidies;
‘‘(iii) only through matching or bettering
foreign export credit offers can the Bank but-
tress United States negotiators in their efforts
to bring these loopholes within the disciplines of
the Arrangement; and
‘‘(iv) in order to bring market windows
within the discipline of the Arrangement, the
Bank should sometimes initiate highly competi-
tive financial support when the Bank learns
that foreign market window support may be
part of a transaction; and
‘‘(B) Second, the Bank should support
United States exporters when the exporters face
foreign competition that is consistent with the
letter and spirit of the Arrangement and the
Subsidies Code of the World Trade Organiza-
tion, but which nonetheless is more generous
than the terms available from the private finan-
cial market; and’’.
(2) in subsection (b)(1)—
(A) in subparagraph (A), by inserting
‘‘and market windows used’’ after ‘‘extended’’;
and
(B) in subparagraph (B)(i), by inserting
‘‘or market windows’’ after ‘‘untied aid cred-
its’’.
(d) DEFINITION
OF MARKET WINDOW.—Section
10(h) of such Act (12 U.S.C. 635i–3(h)) is amended by
adding at the end the following:
‘‘(7) MARKET WINDOW.—The term ‘market window’
means the provision of export financing through an insti-
tution (or a part of an institution) that claims to operate
on a commercial basis while benefiting directly or indi-
rectly from some level of government support.’’.
SEC. 10. RENAMING OF TIED AID CREDIT PROGRAM AND
FUND AS EXPORT COMPETITIVENESS PRO-
GRAM AND FUND.
Section 10 of the Export-Import Bank Act of 1945
(12 U.S.C. 635i–3) is further amended—
(1) by striking all that precedes paragraph (1)
of subsection (a) and inserting the following:
‘‘SEC. 10. EXPORT COMPETITIVENESS FUND.
‘‘(a) FINDINGS.—The Congress finds that—’’;
(2) in subsection (a)(6) (as so redesignated by
section 9(c)(1)(D) of this Act), by striking ‘‘tied aid
program’’ and inserting ‘‘export competitiveness pro-
gram’’;
(3) in the heading of subsection (b), by striking
‘‘TIED AID CREDIT’’ and inserting ‘‘EXPORT COM-
PETITIVENESS’’;
(4) in subsection (b)(1)—
(A) by striking ‘‘tied aid credit program’’
and inserting ‘‘export competitiveness pro-
gram’’; and
(B) by striking ‘‘Tied Aid Credit fund’’
and inserting ‘‘Export Competitiveness Fund’’;
(5) in subsection (b)(2), by striking ‘‘tied aid
credit program’’ and inserting ‘‘export competitive-
ness program’’;
(6) in subsection (b)(3)—
(A) by striking ‘‘tied aid credit program’’
and inserting ‘‘export competitiveness pro-
gram’’; and
(B) by striking ‘‘Tied Aid Credit Fund’’
and inserting ‘‘Export Competitiveness Fund’’;
(7) in subsection (b)(5) (as added by section
8(a)(2) of this Act), by striking ‘‘Tied Aid Credit
Fund’’ each place it appears and inserting ‘‘Export
Competitiveness Fund’’;
(8) in subsection (b)(6) (as added by section
8(b) of this Act), by striking ‘‘Tied Aid Credit
Fund’’ and inserting ‘‘Export Competitiveness
Fund’’;
(9) in subsection (c)—
(A) in the subsection heading, by striking
‘‘TIED AID CREDIT’’ and inserting ‘‘EXPORT
COMPETITIVENESS’’; and
(B) in paragraph (1), by striking ‘‘Tied
Aid Credit’’ and inserting ‘‘Export Competitive-
ness’’;
(10) in subsection (d), by striking ‘‘tied aid
credit’’ and inserting ‘‘export competitiveness’’; and
(11) in subsection (g)(2)(C), by striking ‘‘Tied
Aid Credit’’ and inserting ‘‘Export Competitive-
ness’’.
SEC. 11. ANNUAL COMPETITIVENESS REPORT.
(a) TIMING.—
(1) IN
GENERAL.—Section 2(b)(1)(A) of the
Export-Import Bank Act of 1945 (12 U.S.C.
635(b)(1)(A)) is amended in the 4th sentence by
striking ‘‘on an annual basis’’ and inserting ‘‘on
March 1 of each year’’.
(2) APPLICABILITY.—The amendment made by
paragraph (1) shall apply to reports for calendar
years after calendar year 2000.
(b) ADDITIONAL MATTERS TO BE ADDRESSED.—
Section 2(b)(1)(A) of such Act (12 U.S.C. 635(b)(1)(A))
is amended by adding at the end the following: ‘‘The Bank
shall include in the annual report a description of the vol-
ume of financing provided by each foreign export credit
agency, and a description of all Bank transactions which
shall be classified according to their principal purpose,
such as to correct a market failure or to provide matching
support.’’.
SEC. 12. RENEWABLE ENERGY SOURCES.
(a) PROMOTION.—Section 2(b)(1) of the Export-Im-
port Bank Act of 1945 (12 U.S.C. 635(b)(1)), as amended
by section 7(b) of this Act, is amended by adding at the
end the following:
‘‘(K) The Bank shall promote the export of goods and
services related to renewable energy sources.’’.
(b) DESCRIPTION OF EFFORTS TO BE INCLUDED IN
ANNUAL
COMPETITIVENESS
REPORT.—Section
2(b)(1)(A) of such Act (12 U.S.C. 635(b)(1)(A)) is fur-
ther amended by adding at the end the following: ‘‘The
Bank shall include in the annual report a description of
the efforts undertaken under subparagraph (K).’’.
SEC. 13. GAO REPORTS.
(a) POTENTIAL OF WTO TO REMEDY UNTIED AID
AND MARKET WINDOWS.—Within 1 year after the date
of the enactment of this Act, the Comptroller General of
the United States shall submit to the Committee on Fi-
nancial Services of the House of Representatives and the
Committee on Banking, Housing, and Urban Affairs of
the Senate a report that examines—
(1) whether a case could be brought by the
United States in the World Trade Organization
seeking relief against untied aid and market win-
dows, and if so, the kinds of relief that would be
available if the United States were to prevail in such
a case; and
(2) the scope of penalty tariffs that the United
States could impose against imports from a country
that uses untied aid or market windows.
(b) COMPARATIVE RESERVE PRACTICES OF EXPORT
CREDIT AGENCIES AND PRIVATE BANKS.—Within 1 year
after the date of the enactment of this Act, the Comp-
troller General of the United States shall submit to the
Committee on Financial Services of the House of Rep-
resentatives and the Committee on Banking, Housing, and
Urban Affairs of the Senate a report that examines the
reserve ratios of the Export-Import Bank of the United
States as compared with the reserve practices of private
banks and foreign export credit agencies.
SEC. 14. INFORMATION AND CERTIFICATIONS REQUIRED
FROM COMPANIES SEEKING OR RECEIVING
NEW ASSISTANCE.
Section 2 of the Export-Import Bank Act of 1945
(12 U.S.C. 635) is amended by adding at the end the fol-
lowing:
‘‘(f)(1) As a condition of providing assistance to a
company in connection with a transaction entered into on
or after the date of the enactment of this subsection, the
Bank shall require the company to submit to the Bank
following information, and on an annual basis to resubmit
updated information as follows:
‘‘(A) The number of individuals employed by
the company in the United States and its territories.
‘‘(B) The number of individuals employed by
the company outside the United States and its terri-
tories.
‘‘(C) A description of the wages and benefits
being provided to the employees of the company in
the United States and its territories.
‘‘(2)(A) If the Bank approves assistance to a com-
pany on or after the date of the enactment of this sub-
section, the company shall, on an annual basis beginning
on the date of the approval, provide the Bank with a writ-
ten certification of the average workforce of the company
employed in the United States or its territories during the
preceding year as a percentage of the average total world-
wide workforce of the company during the preceding year.
‘‘(B) If the company fails to provide a certification
required by subparagraph (A), provides a false certifi-
cation under subparagraph (A), or certifies under sub-
paragraph (A) a percentage that is less than the percent-
age (if any) so certified for the preceding year, then the
company shall be ineligible for further assistance from the
Bank until the company provides to the Bank a new writ-
ten certification in which, the percentage so certified is
not less than the percentage so certified for the year pre-
ceding the year in which the company became so ineligible
by reason of this subparagraph. The authority provided
by this subparagraph shall be in addition to any other au-
thority provided by law.’’.
SEC. 15. HUMAN RIGHTS.
Section 2(b)(1)(B) of the Export-Import Bank Act
of 1945 (12 U.S.C. 635(b)(1)(B)) is amended by inserting
‘‘(as provided in the Universal Declaration of Human
Rights adopted by the United Nations General Assembly
on December 10, 1948)’’ after ‘‘human rights’’.
SEC. 16. STEEL.
(a) REEVALUATION.—The Export-Import Bank of
the United States shall re-assess the effects of the ap-
proval by the Bank of an $18,000,000 medium-term guar-
antee to support the sale of computer software, control
systems, and main drive power supplies to Benxi Iron &
Steel Company, in Benxi, Liaoning, China, for the purpose
of evaluating whether the adverse impact test of the Bank
sufficiently takes account of the interests of United States
industries.
(b) REPORT TO THE CONGRESS.—Within 1 year after
the date of the enactment of this Act, the Export-Import
Bank of the United States 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 report on the re-assessment required by
subsection (a).
SEC. 17. CORRECTION OF REFERENCES.
(a) Section 2(b)(1)(B) of the Export-Import Bank
Act of 1945 (12 U.S.C. 635(b)(1)(B)) is amended by
striking ‘‘Banking and’’.
(b) Each of the following provisions of the Export-
Import Bank Act of 1945 is amended by striking ‘‘Bank-
ing, Finance and Urban Affairs’’ and inserting ‘‘Financial
Services’’:
(1) 
Section 
2(b)(6)(D)(i)(III) 
(12 
U.S.C.
635(b)(6)(D)(i)(III)).
(2) 
Section 
2(b)(6)(H) 
(12 
U.S.C.
635(b)(6)(H)).
(3) 
Section 
2(b)(6)(I)(i)(II) 
(12 
U.S.C.
635(b)(6)(I)(i)(II)).
(4) 
Section 
2(b)(6)(I)(iiii) 
(12 
U.S.C.
635(b)(6)(I)(iii)).
(5) Section 10(g)(1) (12 U.S.C. 635i–3(g)(1)).
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