[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 718 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                 S. 718

 To amend the Agricultural Trade Act of 1978 to promote the export of 
  agricultural commodities and products to foreign countries, and for 
                            other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                April 1 (legislative day, March 3), 1993

Mr. Kerrey (for himself and Mr. Daschle) introduced the following bill; 
  which was read twice and referred to the Committee on Agriculture, 
                        Nutrition, and Forestry

_______________________________________________________________________

                                 A BILL


 
 To amend the Agricultural Trade Act of 1978 to promote the export of 
  agricultural commodities and products to foreign countries, and for 
                            other purposes.

    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 ``Agricultural Export Credit Act of 
1993''.

SEC. 2. STANDARDS FOR DETERMINING CREDIT WORTHINESS.

    (a) Direct Credit Sales Program.--Section 201 of the Agricultural 
Trade Act of 1978 (7 U.S.C. 5621) is amended by striking subsection 
(f).
    (b) Export Credit Guarantee Program.--Subsections (e) and (f) of 
section 202 of such Act (7 U.S.C. 5622) are amended to read as follows:
    ``(e) Considerations for Determinations Regarding Credit 
Guarantees.--In determining whether to make credit guarantees available 
to a country in connection with sales of agricultural commodities under 
this section, the Commodity Credit Corporation shall take into 
account--
            ``(1) the credit needs of countries that are potential 
        purchasers of United States agricultural exports;
            ``(2) the credit worthiness of the countries; and
            ``(3) whether the availability of Commodity Credit 
        Corporation guarantees will improve the competitive position of 
        United States agricultural exports in world markets.
    ``(f) Cargo Preference Requirements.--The provisions of the cargo 
preference laws shall not apply to export sales with respect to which 
credit is guaranteed under this section.''.

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