[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5165 Introduced in House (IH)]

103d CONGRESS
  2d Session
                                H. R. 5165

  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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 4, 1994

 Mr. Bereuter introduced the following bill; which was referred to the 
            Committee on Banking, Finance and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
  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.

    (a) In General.--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 on which 
        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.
    ``(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 second preceding fiscal year.''.
    (b) 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 first sentence.
    (c) Period of Effectiveness.--The amendments made by this section 
shall remain in effect during the period beginning on the date of 
enactment of this Act and ending on September 30, 1997.

SEC. 2. PROMOTION OF EXPORTS OF ENVIRONMENTALLY BENEFICIAL GOODS AND 
              SERVICES.

    (a) In General.--The first 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) in the first sentence, by inserting before the period 
        ``(such as exports of products and services used to aid in the 
        monitoring, abatement, control, or prevention of air, water, 
        and ground contaminants or pollution, or which provide 
        protection in the handling of toxic substances, subject to a 
        final determination by the Bank, and products and services for 
        foreign environmental projects dedicated entirely to the 
        prevention, control, or cleanup of air, water, or ground 
        pollution, including facilities to provide for control or 
        cleanup, and used in the retrofitting of facility equipment for 
        the sole purpose of mitigating, controlling, or preventing 
        adverse environmental effects, subject to a final determination 
        by the Bank)''; and
            (3) by adding at 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. 
        If, in any fiscal year, the funds appropriated in accordance 
        with this paragraph are not fully utilized due to insufficient 
        qualified transactions for the export of such goods and 
        services, such funds may be expended for other purposes 
        eligible for support by the Bank.''.
    (b) Technical Correction.--The Export-Import Bank Act of 1945 (12 
U.S.C. 635 et seq.) is amended by redesignating the second section 11 
(12 U.S.C. 635i-8) as section 14.
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