[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4109 Introduced in House (IH)]







104th CONGRESS
  2d Session
                                H. R. 4109

  To extend the authority for certain export programs, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 18, 1996

   Mr. Roth introduced the following bill; which was referred to the 
                  Committee on International Relations

_______________________________________________________________________

                                 A BILL


 
  To extend the authority for certain export programs, 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 ``Export Programs Extension Act of 
1996''.

            TITLE I--OVERSEAS PRIVATE INVESTMENT CORPORATION

SEC. 101. CEILING ON INVESTMENT INSURANCE.

    Section 235(a) of the Foreign Assistance Act of 1961 (22 U.S.C. 
2195(a)) is amended--
            (1) by striking paragraph (1) and all that follows through 
        the end of subparagraph (A) of paragraph (2) and inserting the 
        following:
            ``(1) Maximum contingent liability.--The maximum contingent 
        liability outstanding at any one time pursuant to insurance 
        issued under section 234(a) and financing issued under 
        subsections (b) and (c) of section 234 shall not exceed 
        $23,000,000,000.''; and
            (2) by striking ``(B) Subject'' and inserting ``(2) Subsidy 
        cost.--Subject''.

SEC. 102. 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 ``1997''.

SEC. 103. TECHNICAL AMENDMENTS.

    Section 234 of the Foreign Assistance Act of 1961 (22 U.S.C. 2194) 
is amended--
            (1) by amending paragraph (3) of subsection (a) to read as 
        follows:
    ``(3) Not more than $1,350,000,000 of investment insurance may be 
issued to a single investor.'';
            (2) in subsection (b) in the last proviso by striking ``15 
        per centum'' and all that follows through the end of the 
        sentence and inserting ``$1,425,000,000 of investment 
        guaranties may be issued to a single investor.''; and
            (3) in subsection (f) in the next to last sentence by 
        striking ``an amount equal to the amount authorized for the 
        maximum contingent liability outstanding at any one time under 
        section 235(a)(1)'' and inserting ``$13,500,000,000''.

                 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.''.

                  TITLE III--EXPORT PROMOTION PROGRAMS

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 $250,000,000 for fiscal 
year 1997.''.
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