A bill to extend and amend the Export-Import Bank Act of 1945.
PL 95-143 (H.R.6415), enacted 10/26/1977

91 STAT. 1210 
PUBLIC LAW 95-143—OCT. 26, 1977 
Oct. 26, 1977 
[H.R. 6415] 
Export-Import 
Bank Act of 
1945, 
amendment. 
Export financing 
international 
agreements. 
12 u s e 635. 
Human rights. 
Nuclear 
safeguards, 
violations. 
Report to 
congressional 
committees 
and Board 
of Directors. 
Exports, 
credit support, 
limitation. 
Presidential 
determination, 
report to 
Congress. 
Public Law 95-143 
-. .,.,...-.^..., ..:.,., .,^. .,..,.,..,-.- ..... 
95th Congress 
An Act 
To extend and amend the Export-Import Bank Act of 1945. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States 
of America 
in Congress 
assembled^ 
SECTION 1. Section 2(b) (1) (A) of the Export-Import Bank Act of 
1945 is amended by inserting before the period at the end of the third 
sentence the following: "and shall, in cooperation with other appro-
priate United States Government agencies, seek to reach international 
agreements to reduce government subsidized export financing". 
SEC. 2. The last sentence of section 2 ( b ) ( 1 ) ( B ) of the Export-
Import Bank Act of 1945 is amended by inserting before the period 
at the end thereof the following: ", and shall also take into account,, 
in consultation with the Secretary of State, the observance of and 
respect for human rights in the country to receive the exports sup-
ported by a loan or financial guarantee and the effect such exports may 
have on human rights in such country". 
SEC. 3. (a) The first sentence of section 2(b)(3) of the Export-
Import Bank Act of 1945 is amended— 
(1) by inserting " ( i ) " immediately after "No loan or financial 
guarantee or combination thereof"; 
(2) by striking out "shall be finally approved by the Board 
of Directors of the Bank, and no loan or financial guarantee or 
combination thereof" and inserting in lieu thereof ", (ii) in an 
amount"; and 
(3) by inserting immediately after "Union of Soviet Socialist 
Republics" the following: ", or (iii) for the export of technology, 
fuel, equipment, materials, or goods or services to be used in the 
construction, alteration, operation, or maintenance of nuclear 
power, enrichment, reprocessing, research, or heavy water produc-
tion facilities,". 
(b) Section 2 (b) of the Export-Import Bank Act of 1945 is amended 
by redesignating paragraphs (4) through (6) as paragraphs (5) 
through (7), respectively, and by inserting immediately after para-
graph (3) the following new paragraph: 
"(4) The Secretary of State shall report to the appropriate com-
mittees of Congress and to the Board of Directors of the Export-
Import Bank if he determines that any country that has agreed to 
International Atomic Energy Agency nuclear safeguards materially 
violates, abrogates, or terminates, after the date of enactment of this 
paragraph, such safeguards or that any country that has entered into 
an agreement for cooperation concerning the civil use of nuclear 
energy with the United States materially violates, abrogates, or ter-
minates, after the date of enactment of this paragraph, any guarantee 
or other undertaking to the United States made in such agreement or 
that any country that is not a nuclear-weapons state (as defined in 
article I X ( 3 ) of the Treaty on the Non-Proliferation of Nuclear 
Weapons) detonates, after the date of enactment of this paragraph, 
a nuclear explosive device. The Secretary shall specify which country 
or countries he has determined to have so acted, and the Board shall 
not give approval to guarantee, insure, or extend credit, or participate 
PUBLIC LAW 95-143—OCT. 26, 1977 
91 STAT. 1211 
in the extension of credit in support of United States exports to such 
country unless the President determines that it is in the national 
interest for the Bank to guarantee, insure, or extend credit, or par-
ticipate in the extension of credit in support of United States exports 
to such country and such determination has been reported to the 
Congress not less than twenty-five days of continuous session of the 
Congress prior to the date of such approval. For the purpose of the 
preceding sentence, continuity of a session of the Congress shall be 
considered as broken only by an adjournment of the Congress sine die, 
and the days on which either House is not in session because of an 
adjournment of more than three days to a day certain shall be excluded 
in tlie computation of the twenty-five day period referred to in such 
sentence.". 
(c) The first sentence of section 2(b)(5) of the Export-Import 
Bank Act of 1945, as redesignated by subsection (b), is amended— 
^«'e, p. 1210. 
(1) by striking out "or" immediately after "the United 
States,"; and 
(2) by inserting before the period at the end thereof the fol-
lowing: ". or (C) the purchase of any liquid metal fast breeder 
nuclear reactor or any nuclear fuel reprocessing facility". 
SEC. 4. Section 8 of the Export-Import Bank Act of 1945 is amended Extension, 
by striking out "June 30" and inserting in lieu thereof "September 30". ^^ ^^^ ^^^^• 
Approved October 26, 1977. 
LEGISLATIVE HISTORY: 
HOUSE REPORTS: No. 95-235 (Coram, on Banking, Finance and Urban Affairs) and 
No. 95-627 (Comm. of Conference). 
SENATE REPORT No. 95-279 (Coram, on Banking, Housing, and Urban Affairs). 
CONGRESSIONAL RECORD, Vol. 123 (1977): 
May 3, considered and passed House. 
June 29, considered and passed Senate, amended. 
Sept. 23, Senate agreed to conference report. 
Oct. 14, House agreed to conference report.