[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3759 Introduced in House (IH)]







104th CONGRESS
  2d Session
                                H. R. 3759

To extend the authority of the Overseas Private Investment Corporation, 
                        and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              July 9, 1996

  Mr. Roth (for himself, Mr. Gilman, Mr. Hamilton, Mr. Gejdenson, Mr. 
Leach, Mr. Bereuter, Mrs. Meyers of Kansas, Mr. Manzullo, Mr. Gallegly, 
 Mr. Johnston of Florida, Mr. Martinez, and Mr. Torricelli) introduced 
      the following bill; which was referred to the Committee on 
                        International Relations

_______________________________________________________________________

                                 A BILL


 
To extend the authority of the Overseas Private Investment Corporation, 
                        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 ``Exports, Jobs, and Growth Act of 
1996''.

            TITLE I--OVERSEAS PRIVATE INVESTMENT CORPORATION

SEC. 101. INCOME LEVELS.

    Section 231 of the Foreign Assistance Act of 1961 (22 U.S.C. 2191) 
is amended in paragraph (2) of the second undesignated paragraph--
            (1) by striking ``$984 or less in 1986 United States 
        dollars'' and inserting ``$1,280 or less in 1994 United States 
        dollars''; and
            (2) by striking ``$4,269 or more in 1986 United States 
        dollars'' and inserting ``$5,556 or more in 1994 United States 
        dollars''.

SEC. 102. CEILING ON INVESTMENT INSURANCE.

    Section 235(a)(1) of the Foreign Assistance Act of 1961 (22 U.S.C. 
2195(a)(1)) is amended by striking ``$13,500,000,000'' and inserting 
``$25,000,000,000''.

SEC. 103. CEILING ON FINANCING.

    Section 235(a)(2) of the Foreign Assistance Act of 1961 (22 U.S.C. 
2195(a)(2)) is amended by striking ``$9,500,000,000'' and inserting 
``$20,000,000,000''.

SEC. 104. ISSUING AUTHORITY.

    Section 235(a)(3) of the Foreign Assistance Act of 1961 (22 U.S.C. 
2195(a)(3)) is amended by striking ``1996'' and inserting ``2000''.

SEC. 105. POLICY GUIDANCE.

    Section 231 of the Foreign Assistance Act of 1961 (22 U.S.C. 2191) 
is amended in the first paragraph--
            (1) by striking ``To mobilize'' and inserting ``To increase 
        United States exports to, and to mobilize'';
            (2) by striking ``of less developed'' and inserting ``of, 
        less developed''; and
            (3) by inserting ``trade policy and'' after ``complementing 
        the''.

SEC. 106. BOARD OF DIRECTORS.

    Section 233(b) of the Foreign Assistance Act of 1962 (22 U.S.C. 
2183(b)) is amended--
            (1) by striking the second and third sentences;
            (2) in the fourth sentence by striking ``(other than the 
        President of the Corporation, appointed pursuant to subsection 
        (c) who shall serve as a Director, ex-officio)'';
            (3) in the second undesignated paragraph--
                    (A) by inserting ``the President of the 
                Corporation, the Administrator of the Agency for 
                International Development, the United States Trade 
                Representative, and'' after ``including''; and
                    (B) by adding at the end the following: ``The 
                United States Trade Representative may designate a 
                Deputy United States Trade Representative to serve on 
                the Board in place of the United States Trade 
                Representative.''; and
            (3) by inserting after the second undesignated paragraph 
        the following:
    ``There shall be Chairman and a Vice Chairman of the Board, both of 
whom shall be designated by the President of the United States from 
among the Directors of the Board other than those appointed under the 
second sentence of the first paragraph of this subsection.''.

                 TITLE II--TRADE AND DEVELOPMENT AGENCY

SEC. 201. TRADE AND DEVELOPMENT AGENCY AUTHORIZATION.

    Section 661(f)(1)(A) of the Foreign Assistance Act of 1961 (22 
U.S.C. 2191(f)(1)(A)) is amended to read as follows:
            ``(1) Authorization.--(A) There are authorized to be 
        appropriated for purposes of this section, in addition to funds 
        otherwise available for such purposes, $40,000,000 for fiscal 
        1997, and such sums as are necessary for fiscal year 1998.''.

  TITLE III--EXPORT PROMOTION PROGRAMS WITHIN THE INTERNATIONAL TRADE 
                             ADMINISTRATION

SEC. 301. EXPORT PROMOTION AUTHORIZATION.

    Section 202 of the Export Administration Amendments Act of 1985 (15 
U.S.C. 4052) is amended to read as follows:

``SEC. 202. AUTHORIZATION OF APPROPRIATIONS.

    ``There are authorized to be appropriated to the Department of 
Commerce to carry out export promotion programs $240,000,000 for fiscal 
year 1997 and such sums as are necessary for fiscal year 1998.''.

            TITLE IV--TRADE PROMOTION COORDINATING COMMITTEE

SEC. 401. STRATEGIC EXPORT PLAN.

    Section 2312(c) of the Export Enhancement Act of 1988 (15 U.S.C. 
4727) is amended--
            (1) by striking ``and'' at the end of paragraph (4);
            (2) by striking the period at the end of paragraph (5) and 
        inserting ``; and''; and
            (3) by adding at the end the following:
            ``(6) identify means for providing more coordinated and 
        comprehensive export promotion services to, and in behalf of, 
        small and medium-sized business.''.
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