[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4455 Placed on Calendar Senate (PCS)]

                                                       Calendar No. 554

103d CONGRESS

  2d Session

                               H. R. 4455

_______________________________________________________________________

                                 AN ACT

  To authorize the Export-Import Bank of the United States to provide 
  financing for the export of nonlethal defense articles and defense 
  services the primary end use of which will be for civilian purposes.

_______________________________________________________________________

              August 10 (legislative day, August 8), 1994

             Read twice and ordered placed on the calendar





                                                       Calendar No. 554
103d CONGRESS
  2d Session
                                H. R. 4455


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

              August 10 (legislative day, August 8), 1994

                                Received

              August 10 (legislative day, August 8), 1994

             Read twice and ordered placed on the calendar

_______________________________________________________________________

                                 AN ACT


 
  To authorize the Export-Import Bank of the United States to provide 
  financing for the export of nonlethal defense articles and defense 
  services the primary end use of which will be for civilian purposes.

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

SECTION 1. AUTHORITY TO PROVIDE FINANCING FOR THE EXPORT OF NONLETHAL 
              DEFENSE ARTICLES OR SERVICES THE PRIMARY END USE OF WHICH 
              WILL BE FOR CIVILIAN PURPOSES.

    Section 2(b)(6) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635(b)(6)) is amended by adding at the end the following:
    ``(I)(i) Subparagraph (A) shall not apply to a transaction 
involving defense articles or services if--
            ``(I) the Bank determines that--
                    ``(aa) the defense articles or services are 
                nonlethal; and
                    ``(bb) the primary end use of the defense articles 
                or services will be for civilian purposes; and
            ``(II) at least 15 calendar days before the date the Board 
        of Directors of the Bank gives final approval to Bank 
        participation in the transaction, the Bank provides notice of 
        the transaction to the Committees on Banking, Finance and Urban 
        Affairs and on Appropriations of the House of Representatives 
        and the Committees on Banking, Housing, and Urban Affairs and 
        on Appropriations of the Senate.
The preceding sentence shall not apply after September 30, 1997.
    ``(ii) Not more than 10 percent of the loan, guarantee, and 
insurance authority available to the Bank for a fiscal year may be used 
by the Bank to support the sale of defense articles or services to 
which subparagraph (A) does not apply by reason of clause (i) of this 
subparagraph.
    ``(iii) Not later than September 1 of each fiscal year, the 
Comptroller General of the United States, in consultation with the 
Bank, shall submit to the Committees on Banking, Finance and Urban 
Affairs and on Appropriations of the House of Representatives and the 
Committees on Banking, Housing, and Urban Affairs and on Appropriations 
of the Senate a report on the end uses of any defense articles or 
services described in clause (i) with respect to which the Bank 
provided support during the 2nd preceding fiscal year.''.

SEC. 2. REPORT TO THE CONGRESS.

    Section 2(b)(6)(H) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635(b)(6)(H)) is amended by inserting ``or described in subparagraph 
(I)(i)'' before the period at the end of the 1st sentence.

SEC. 3. PROMOTION OF EXPORTS OF ENVIRONMENTALLY BENEFICIAL GOODS AND 
              SERVICES.

    (a) In General.--The 1st section 11(b) of the Export-Import Bank 
Act of 1945 (12 U.S.C. 635i-5(b)) is amended--
            (1) by inserting before ``The Bank shall'' the following:
            ``(1) In general.--'';
            (2) by inserting ``(such as by encouraging environmentally 
        sustainable development, promoting efficient use of resources, 
        and promoting energy efficiency)'' before the period at the end 
        of the 1st sentence; and
            (3) by adding after and below the end the following:
            ``(2) Limitations on authorization of appropriations.--In 
        addition to other funds available to support the export of 
        goods and services described in paragraph (1), there are 
        authorized to be appropriated to the Bank not more than 
        $35,000,000 for the cost (as defined in section 502(5) of the 
        Federal Credit Reform Act of 1990) of supporting such 
        exports.''.
    (b) Technical Correction.--Such Act is amended by redesignating the 
2nd section 11 (12 U.S.C. 635i-8) as section 14.

            Passed the House of Representatives August 8, 1994.

            Attest:

                                           DONNALD K. ANDERSON,

                                                                 Clerk.