3.0.0 4221 2022-02-03T05:53:38Z 2022-02-03T05:53:38Z House H HR 2012-03-20 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SMITH of New Jersey:H.R. 4221.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 3[Page H1427]]]> hsba00 Financial Services Committee House Standing hsba20 Financial Institutions and Monetary Policy Subcommittee Referred to 2012-04-26T14:57:18Z Referred to 2012-03-20T14:02:10Z hsfa00 Foreign Affairs Committee House Standing hsfa16 Africa Subcommittee Referred to 2012-04-16T20:25:14Z hsfa18 Terrorism, Nonproliferation, and Trade Subcommittee Referred to 2012-04-16T20:25:00Z Referred to 2012-03-20T14:02:05Z hswm00 Ways and Means Committee House Standing hswm04 Trade Subcommittee Referred to 2012-03-22T13:40:19Z Referred to 2012-03-20T14:02:15Z hssm00 Small Business Committee House Standing Referred to 2012-03-20T14:02:20Z Increasing American Jobs Through Greater Exports to Africa Act of 2012 112 2215 S 2012-11-13 Placed on Senate Legislative Calendar under General Orders. Calendar No. 536. Related bill CRS 2012-04-26 hsba20 Financial Institutions and Monetary Policy Subcommittee 1 House committee actions Referred to the Subcommittee on International Monetary Policy and Trade. Committee 2012-04-16 hsfa16 Africa Subcommittee 1 House committee actions Referred to the Subcommittee on Africa, Global Health, and Human Rights. Committee 2012-04-16 hsfa18 Terrorism, Nonproliferation, and Trade Subcommittee 1 House committee actions Referred to the Subcommittee on Terrorism, Nonproliferation, and Trade. Committee 2012-03-22 hswm04 Trade Subcommittee 1 House committee actions Referred to the Subcommittee on Trade. Committee 2012-03-20 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2012-03-20 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2012-03-20 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2012-03-20 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsfa00 Foreign Affairs Committee 2012-03-20 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-03-20 Introduced in House IntroReferral 1000 9 Library of Congress S000522 Rep. Smith, Christopher H. [R-NJ-4] CHRISTOPHER SMITH R NJ H. 4 N R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2012-03-20 True M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2012-03-22 False B001270 Rep. Bass, Karen [D-CA-33] Karen Bass D CA 33 2012-04-16 False M001138 Rep. Manzullo, Donald A. [R-IL-16] DONALD MANZULLO R IL 16 2012-05-30 False S001179 Rep. Schock, Aaron [R-IL-18] Aaron Schock R IL 18 2012-07-11 False E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2012-07-25 False R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 2012-12-31 False Foreign Trade and International Finance Africa Competitiveness, trade promotion, trade deficits Congressional oversight Customs enforcement Diplomacy, foreign officials, Americans abroad Export-Import Bank of the United States Federal officials Foreign aid and international relief Multilateral development programs Overseas Private Investment Corporation (OPIC) Small business Trade agreements and negotiations U.S. and foreign investments Foreign Trade and International Finance 00 2012-03-20 Introduced in House 2012-05-18T19:03:05Z Increasing American Jobs Through Greater Exports to Africa Act of 2012 - Directs the President to establish a comprehensive U.S. strategy for public and private investment, trade, and development in Africa (including the Republic of South Sudan) that focuses, among other things, on: (1) increasing exports of U.S. goods and services to Africa by 200% in real dollar value within 10 years, (2) coordinating U.S. commercial interests with development priorities in Africa, (3) improving the competitiveness of U.S. businesses in Africa, and (4) encouraging a greater understanding among U.S. business and financial communities of the opportunities Africa holds for U.S. exports.

Requires the President to designate a Special Africa Export Strategy Coordinator.

Expresses the sense of Congress that the Secretary of Commerce and other high-level U.S. officials with responsibility for export promotion, financing, and development should conduct a joint trade mission to Africa.

Directs the Secretary to ensure that at least 14 total U.S. and Foreign Commercial Service officers are assigned to U.S. embassies in Africa.

Requires the Secretary to assign at least one full-time officer to the office of the U.S. Executive Director at each multilateral development bank to: (1) increase access of U.S. businesses to procurement contracts with the bank; and (2) facilitate access of such businesses to risk insurance, equity investments, consulting services, and lending provided by the bank.

Prescribes increases in the number of: (1) Export-Import Bank of the United States employees assigned to bank field offices in Africa and the United States, and (2) Overseas Private Investment Corporation (OPIC) staff needed to promote stable and sustainable economic growth and development in Africa as well as to help U.S. businesses to expand into African markets.

Directs the President to develop a plan for standardized training of all U.S. and Foreign Commercial Service officers, Department of State economic officers, and U.S Agency for International Development (USAID) economic officers with respect to Bank, OPIC, Small Business Administration (SBA), and U.S. Trade and Development Agency programs and procedures.

Amends the Export-Import Bank Act of 1945 to raise the limits on the aggregate outstanding loan, guarantee, and insurance authority of the Bank for FY2012-FY2017 and each fiscal year thereafter.

Prescribes a special rule that the increase for FY2017 and each fiscal year thereafter shall be $175 billion if it is determined the increase has been effective in increasing viable loans to further U.S. exports, including to Africa. Earmarks 25% of the increase over FY2011 for loans, guarantees, and insurance for projects in Africa.

Makes $250 million of the Bank capitalization available annually for loans that counter below-market rate, preferential, tied aid, or other related non-market loans offered by other nations for which U.S. companies are also competing or interested in competing.

Expresses the sense of Congress that the Bank should use its Tied Aid Credit Fund to help U.S. companies to compete for projects in which a foreign government is using any type of below-market, preferential, or tied aid loan.

Amends the Small Business Act to require the Associate Administrator of Small Business for International Trade to work closely with the Trade Promotion Coordinating Committee (TPCC), among others, in maintaining a trade distribution network.

Directs the U.S. Trade Representative (USTR) and Bank officials to explore opportunities to negotiate bilateral, subregional, and regional agreements to encourage trade and eliminate nontariff barriers to trade between countries (including Africa), such as negotiating investor friendly double-taxation treaties and investment promotion agreements.

]]> Increasing American Jobs Through Greater Exports to Africa Act of 2012 Short Titles as Introduced Increasing American Jobs Through Greater Exports to Africa Act of 2012 Display Title Increasing American Jobs Through Greater Exports to Africa Act of 2012 Official Title as Introduced To create jobs in the United States by increasing United States exports to Africa by at least 200 percent in real dollar value within 10 years, and for other purposes. Introduced in House 2012-03-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr4221ih/xml/BILLS-112hr4221ih.xml 2012-04-26 Referred to the Subcommittee on International Monetary Policy and Trade. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.