Title: Office of Territorial Exporting Act
Policy area: Foreign Trade and International Finance

Summary:
Office of Territorial Exporting Act
This bill establishes the Office of Territorial Exporting within the Export-Import Bank to facilitate the provision of financial assistance to export businesses in the Commonwealth of Puerto Rico, the U.S. Virgin Islands, Guam, the Commonwealth of the Northern Mariana Islands, and American Samoa.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3242 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 3242

To amend the charter of the Export-Import Bank of the United States to 
                  create a new office within the Bank.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 12, 2019

    Ms. Velazquez (for herself and Mr. San Nicolas) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
To amend the charter of the Export-Import Bank of the United States to 
                  create a new office within the Bank.

    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 ``Office of Territorial Exporting 
Act''.

SEC. 2. CREATION OF THE OFFICE OF TERRITORIAL EXPORTING IN THE EXPORT-
              IMPORT BANK OF THE UNITED STATES.

    (a) In General.--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) Establishment.--There is established in the Bank the 
        Office of Territorial Exporting (in this subsection referred to 
        as the `Office').
            ``(2) Locations.--The Office shall have an office in the 
        headquarters of the Bank in Washington, DC, and in each 
        territory.
            ``(3) Staff.--The Bank shall hire such full-time staff as 
        may be necessary to perform the functions of the Office.
            ``(4) Functions.--The Office shall conduct outreach, 
        education, and provide learning resources to facilitate the 
        provision to export businesses in the territories of all forms 
        of financial assistance offered by the Bank.
            ``(5) Territory defined.--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:
    ``(l) 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) the presence of the Bank in the territories; and
            ``(2) the provision of Bank assistance to export businesses 
        in the territories.''.
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