Title: American Territories Exporting Act of 2020
Policy area: Foreign Trade and International Finance

Summary:
American Territories Exporting Act of 2020
This bill requires the Export-Import Bank to establish an Office of Territorial Exporting to (1) promote the territories' export of goods and services, (2) conduct outreach and education on export opportunities and the availability of Bank support, and (3) increase the total amount of assistance provided to benefit the territories.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5881 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 5881

 To establish the Office of Territorial Exporting in the Export-Import 
                       Bank of the United States.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 12, 2020

 Mr. San Nicolas introduced the following bill; which was referred to 
                  the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
 To establish the Office of Territorial Exporting in the Export-Import 
                       Bank of the United States.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``American Territories Exporting Act 
of 2020''.

SEC. 2. SUPPORT FOR UNITED STATES TERRITORIES.

    (a) Creation of the Office of Territorial Exporting.--Section 3 of 
the Export-Import Bank Act of 1945 (12 U.S.C. 635a) is amended by 
adding at the end the following:
    ``(n) Office of Territorial Exporting.--
            ``(1) In general.--The President of the Bank shall 
        establish an Office of Territorial Exporting, the functions of 
        which shall be to--
                    ``(A) promote the export of goods and services from 
                the territories;
                    ``(B) conduct outreach, education, and disseminate 
                information concerning export opportunities and the 
                availability of Bank support for such activities; and
                    ``(C) increase the total amount of loans, 
                guarantees, and insurance provided by the Bank 
                benefitting the territories.
            ``(2) Staff.--The President of the Bank shall hire such 
        staff as may be necessary to perform the functions of the 
        Office, including--
                    ``(A) at least one staffer responsible for liaising 
                with Puerto Rico and the United States Virgin Islands; 
                and
                    ``(B) at least one staffer responsible for liaising 
                with the United States territories of Guam, the 
                Commonwealth of the Northern Mariana Islands, and 
                American Samoa.
            ``(3) Definition of territory.--In this Act, the term 
        `territory' means the Commonwealth of Puerto Rico, the United 
        States Virgin Islands, Guam, the Commonwealth of the Northern 
        Mariana Islands, and American Samoa.''.
    (b) Annual Report.--Section 8 of such Act (12 U.S.C. 635g) is 
amended by adding at the end the following:
    ``(m) Report on Activities in the Territories.--The Bank shall 
include in its annual report to Congress under subsection (a) a report 
on the steps taken by the Bank in the period covered by the report to 
increase--
            ``(1) awareness of the Bank and its services in the 
        territories; and
            ``(2) the provision of Bank support to export businesses in 
        the territories.
    ``(n) Report on Consultations With Potentially Impacted 
Communities.--The Bank shall include in its annual report to Congress 
under subsection (a) of this section a report on the steps taken by the 
Bank to consult with affected communities, including affected workers, 
pursuant to section 11(a)(2).''.
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