[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1031 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 1031

  To reauthorize the Export-Import Bank of the United States, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 24, 2015

 Ms. Maxine Waters of California (for herself, Mr. Heck of Washington, 
  Ms. Moore, and Mr. Hoyer) introduced the following bill; which was 
            referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
  To reauthorize the Export-Import Bank of the United States, 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 ``Promoting U.S. Jobs Through Exports 
Act of 2015''.

SEC. 2. TABLE OF CONTENTS.

    The table of contents of this Act is as follows:

Sec. 1. Short title.
Sec. 2. Table of contents.
           TITLE I--REAUTHORIZATION OF THE EXPORT-IMPORT BANK

Sec. 101. Limitations on outstanding loans, guarantees, and insurance.
Sec. 102. Extension of authority.
Sec. 103. Reauthorization of the Sub-Saharan Africa Advisory Committee.
Sec. 104. Reauthorization of dual use exports.
       TITLE II--EXPANDING BANK SUPPORT FOR UNITED STATES EXPORTS

Sec. 201. Recommendations to increase small business outreach.
Sec. 202. Technical assistance for small businesses.
Sec. 203. Exposure limit estimates.
Sec. 204. Small business and medium-sized enterprises reports.
Sec. 205. Medium-sized enterprises.
Sec. 206. Participation and risk-sharing by private sector lenders.
Sec. 207. Risk-sharing arrangements.
Sec. 208. Promoting renewable energy exports.
                 TITLE III-- ETHICS AND FRAUD CONTROLS

Sec. 301. Codifying the role of the Chief Risk Officer.
Sec. 302. Reports on ethics requirements of the Bank.
Sec. 303. Employee financial disclosures.
Sec. 304. Supplemental ethics regulations.
Sec. 305. Annual employee certifications.
            TITLE IV--ENHANCING EXTERNAL AUDITS AND REVIEWS

Sec. 401. Enhanced audit controls.
Sec. 402. Independent evaluation of Bank portfolio.
Sec. 403. External review of fraud controls.
      TITLE V--STRENGTHENING PROJECT MONITORING AND DUE DILIGENCE

Sec. 501. Enhanced monitoring and due diligence for structured and 
                            project finance transactions.
Sec. 502. Monitoring plans and post-approval assessments for structured 
                            and project finance transactions.
Sec. 503. Reserving the right of inspection.
                TITLE VI--MODERNIZATION OF BANK SYSTEMS

Sec. 601. Electronic payments and documents.
Sec. 602. Reauthorization of information technology updating.
Sec. 603. Information technology modernization.
Sec. 604. Modernizing the disclosure of environmental reports.
   TITLE VII--LEVELING THE PLAYING FIELD FOR UNITED STATES EXPORTERS

Sec. 701. Leveling the playing field for United States exporters.
Sec. 702. Prohibiting illegal support of foreign exports.

           TITLE I--REAUTHORIZATION OF THE EXPORT-IMPORT BANK

SEC. 101. LIMITATIONS ON OUTSTANDING LOANS, GUARANTEES, AND INSURANCE.

    Section 6(a)(2) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635e(a)(2)) is amended to read as follows:
            ``(2) Applicable amount.--In paragraph (1), the term 
        `applicable amount' means, for fiscal year 2015, 
        $140,000,000,000, except that--
                    ``(A) the applicable amount for each of fiscal 
                years 2016 and 2017 shall be $145,000,000,000 if the 
                rate calculated under section 8(g)(1) of this Act is 
                less than 2 percent for the quarter ending with the 
                beginning of the fiscal year, or for any quarter in the 
                fiscal year;
                    ``(B) notwithstanding subparagraph (A), the 
                applicable amount for fiscal years 2018 and 2019 shall 
                be $150,000,000,000 if the rate calculated under 
                section 8(g)(1) of this Act is less than 2 percent for 
                the quarter ending with the beginning of the fiscal 
                year, or for any quarter in the fiscal year;
                    ``(C) notwithstanding subparagraphs (A) and (B), 
                the applicable amount for fiscal years 2020 and 2021 
                shall be $155,000,000,000 if the rate calculated under 
                section 8(g)(1) of this Act is less than 2 percent for 
                the quarter ending with the beginning of the fiscal 
                year, or for any quarter in the fiscal year; and
                    ``(D) notwithstanding subparagraphs (A), (B), and 
                (C), the applicable amount for fiscal year 2022 and 
                thereafter shall be $160,000,000,000 if the rate 
                calculated under section 8(g)(1) of this Act is less 
                than 2 percent for the quarter ending with the 
                beginning of the fiscal year, or for any quarter in the 
                fiscal year.''.

SEC. 102. EXTENSION OF AUTHORITY.

    Section 7 of the Export-Import Bank Act of (12 U.S.C. 635f) is 
amended by striking ``2014'' and inserting ``2022''.

SEC. 103. REAUTHORIZATION OF THE SUB-SAHARAN AFRICA ADVISORY COMMITTEE.

    Section 2(b)(9)(B)(iii) of the Export-Import Bank Act of 1945 (12 
U.S.C. 635(b)(9)(B)(iii)) is amended by striking ``September 30, 2014'' 
and inserting ``the date set forth in section 7''.

SEC. 104. REAUTHORIZATION OF DUAL USE EXPORTS.

    Section 1 of Public Law 103-428 (12 U.S.C. 635 note; 108 Stat. 
4376) is amended by striking subsection (c).

       TITLE II--EXPANDING BANK SUPPORT FOR UNITED STATES EXPORTS

SEC. 201. RECOMMENDATIONS TO INCREASE SMALL BUSINESS OUTREACH.

    Section 3(d) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635a(d)) is amended by adding at the end the following:
            ``(6)(A) The Advisory Committee shall make recommendations 
        to the Bank on ways to encourage increased participation by 
        private financial institutions in providing outreach about the 
        Bank to small business concerns.
            ``(B) The Bank shall--
                    ``(i) review all recommendations made by the 
                Advisory Committee under this paragraph and implement a 
                program to expand outreach about the Bank to small 
                business concerns through increased participation by 
                private banks; and
                    ``(ii) encourage commercial banks, community banks, 
                and insurance brokers to expand their outreach about 
                the Bank to small business concerns.''.

SEC. 202. TECHNICAL ASSISTANCE FOR SMALL BUSINESSES.

    Section 2(b)(1)(E)(i) of the Export-Import Bank Act of 1945 (12 
U.S.C. 635(b)(1)(E)(i)) is amended by adding at the end the following:
    ``(III) The Bank shall provide technical assistance to small 
businesses on how to apply for financial assistance provided by the 
Bank (such as through training classes and online webinars).''.

SEC. 203. EXPOSURE LIMIT ESTIMATES.

    Section 8 of the Export-Import Bank Act of 1945 (12 U.S.C. 635g) is 
amended by adding at the end the following:
    ``(k) Exposure Limit Estimates.--The Bank shall include in its 
annual report to the Congress under subsection (a)--
            ``(1) an estimate of the anticipated demand for the loan, 
        guarantee, and insurance programs of the Bank for the 2 
        succeeding years, disaggregated by--
                    ``(A) industry sector;
                    ``(B) whether the products involved are short-term 
                loans, medium-term loans, long-term loans, insurance, 
                medium-term loans guarantees, or long-term guarantees; 
                and
                    ``(C) key market;
            ``(2) a justification for the estimate described in 
        paragraph (1) including a discussion of the factors which would 
        could increase or decrease demand for the products of the Bank;
            ``(3) an analysis of the ability of the Bank to meet its 
        mandates with respect to small business, sub-Saharan Africa, 
        and renewable energy under the estimated exposure limit 
        described in paragraph (1); and
            ``(4) an analysis of the adequacy of the administrative and 
        programmatic resources of the Bank to effectively process, 
        approve, and monitor authorizations, including the conducting 
        of required economic impact analyses and environmental 
        assessments, under the proposed exposure limit.''.

SEC. 204. SMALL BUSINESS AND MEDIUM-SIZED ENTERPRISES REPORTS.

    (a) In General.--The Export-Import Bank Act of 1945 (12 U.S.C. 635 
et seq.) is amended by inserting after section 8A the following:

``SEC. 8B. SMALL BUSINESS CONCERNS AND MEDIUM-SIZED ENTERPRISES 
              REPORTS.

    ``(a) Study.--Not later than 360 days after the date of the 
enactment of this section, and annually thereafter, the Bank shall--
            ``(1) carry out a study on the financial programs and 
        products of the Bank that support exports from small business 
        concerns and enterprises that use, or seek to use, the medium-
        term programs offered by the Bank, including the programs and 
        products, with respect to the implementation of the export 
        credit insurance program, delegated lending authority, and 
        direct loans of the Bank; and
            ``(2) determine the extent to which financial programs and 
        products adequately meet the needs of small business concerns 
        and enterprises that use, or seek to use, the medium-term 
        programs offered by the Bank in obtaining Bank financing to 
        support the maintenance or creation of jobs in the United 
        States through exports, consistent with the policies of the 
        Bank and the requirement that the Bank obtain a reasonable 
        assurance of repayment.
    ``(b) Report.--On the completion of the study required under 
subsection (a), the Bank shall issue a report to the Congress 
containing--
            ``(1) all findings and determinations made by the Bank in 
        carrying out the study;
            ``(2) an analysis of the extent to which small business 
        concerns and enterprises that use, or seek to use the medium-
        term programs offered by the Bank supply exporters with goods 
        and services, the content of which is included in exports 
        supported by a Bank program; and
            ``(3) recommendations to enhance the support the Bank may 
        provide small business concerns and enterprises that use, or 
        seek to use, the medium-term programs offered by the Bank.
    ``(c) Small Business Concern Defined.--In this section, the term 
`small business concern' has the meaning given the term under section 
3(a) of the Small Business Act.''.
    (b) Report on Bank Support for Small- and Medium-Sized Companies 
Through Supply Chains.--Section 8 of such Act (12 U.S.C. 635g), as 
amended by section 203 of this Act, is amended by adding at the end the 
following:
    ``(l) Bank Support for Small- and Medium-Sized Companies Through 
Supply Chains.--For all transactions subject to congressional 
notification, the Bank shall collect information on the supply chain 
companies, by employment size, using the thresholds in the Census 
Bureau's Statistics of U.S. Businesses. The Bank shall include a 
summary of the supply chain data in its annual report to the Congress 
under subsection (a).''.

SEC. 205. MEDIUM-SIZED ENTERPRISES.

    Section 2(b)(1)(F) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635(b)(1)(F)) is amended to read as follows:
    ``(F) Fair Consideration for Medium-Sized Enterprises.--In addition 
to the programs of the Bank to encourage the participation of small 
businesses in international commerce, the policies of the Bank shall 
give fair consideration to making loans and providing guarantees for 
the export of goods and services by enterprises that use, or seek to 
use, the medium-term programs offered by the Bank.''.

SEC. 206. PARTICIPATION AND RISK-SHARING BY PRIVATE SECTOR LENDERS.

    Within 1 year after the date of the enactment of this Act, the 
Export-Import Bank of the United States shall conduct a comparative 
assessment of the practices of export credit agencies of other major 
providers of official export credit and member countries of the 
Organization for Economic Cooperation and Development with respect to 
risk- or fee-sharing arrangements, to determine the extent to which the 
Bank could take steps to increase the share of loan-level risk borne by 
the private sector. On the conclusion of the assessment, the Bank 
shall, if warranted, establish programs under which private financial 
institutions may share risk in the loans, guarantees, and other 
products of the Bank in exchange for receiving fees received from the 
participants in the programs. The fees to a private financial 
institution shall be commensurate with the level of risk taken by the 
institution.

SEC. 207. RISK-SHARING ARRANGEMENTS.

    (a) In General.--Section 2(c)(2) of the Export-Import Bank Act of 
1945 (12 U.S.C. 635(c)(2)) is amended--
            (1) by striking ``(2) The Bank'' and inserting the 
        following:
    ``(2) Guarantees, Insurance, Coinsurance, and Reinsurance.--
            ``(A) In general.--The Bank''; and
            (2) by adding after and below the end the following new 
        subparagraph:
    ``(B) Expansion of Risk-Sharing Activities.--
            ``(i) In general.--In furtherance of subparagraph (A), in 
        order to expand activities that reduce the share of risk borne 
        by the Bank, the Bank may enter into contracts of reinsurance, 
        co-finance, or other risk-sharing arrangements on the Bank's 
        portfolio or individual transactions with insurance companies, 
        financial institutions, or export credit agencies.
            ``(ii) Limitation.--The total amount of outstanding risk-
        sharing arrangements entered into under clause (i) shall not 
        exceed $25,000,000,000.
            ``(iii) Special rule.--To the extent that a loan, 
        guarantee, or insurance obligation of the Bank is covered by a 
        risk-sharing arrangement entered into under clause (i) with a 
        counterparty that meets the standards of creditworthiness set 
        under the following sentence, the obligation shall be 
        discounted by an amount that reflects the extent to which the 
        Bank has reduced its overall risk exposure as a result of the 
        risk-sharing arrangement for the purposes of section 6(a)(1). 
        The Bank shall set the standards of creditworthiness referred 
        to in the preceding sentence in consultation with Federal 
        banking and securities regulators and participants in the 
        Interagency Country Risk Assessment System.''.
    (b) Progress Reports.--Section 8 of such Act (12 U.S.C. 635g), as 
amended by sections 203 and 204(b) of this Act, is amended by adding at 
the end the following:
    ``(m) Progress Report on Expansion of Risk-Sharing Activities.--The 
Bank shall include in its annual report to the Congress under 
subsection (a) of this section a summary of--
            ``(1) the extent to which the Bank has exercised the 
        authority provided in section 2(c)(2)(B)(i); and
            ``(2) the experience of the Bank in doing so, including and 
        any lessons learned from doing so.''.

SEC. 208. PROMOTING RENEWABLE ENERGY EXPORTS.

    Within 1 year after the date of enactment of this Act, the Export-
Import Bank of the United States shall develop a clear and 
comprehensive strategic plan to identify how to most effectively 
promote the export of goods and services related to renewable energy 
and end-use energy efficiency technology. The strategic plan shall 
include--
            (1) an assessment of the adequacy of resources, including 
        the allocation of human capital and administrative funds, to 
        meet the goal of allocating at least 10 percent of its 
        aggregate financing to renewable energy or end-use energy 
        efficiency technology related transactions;
            (2) benchmarks used to measure progress towards meeting the 
        goal described in paragraph (1);
            (3) outreach to stakeholders including state-level trade 
        promotion agencies, environmental industry associations and 
        experts, delegated lenders, and others as determined by the 
        President of the Bank to be appropriate;
            (4) an assessment of external and internal factors 
        affecting progress towards meeting the 10 percent portfolio-
        wide goal described in paragraph (1); and
            (5) the specific steps the Bank will take through fiscal 
        year 2022 to achieve the renewable energy and energy efficiency 
        goal outlined paragraph (1).

                 TITLE III-- ETHICS AND FRAUD CONTROLS

SEC. 301. CODIFYING THE ROLE OF THE CHIEF RISK OFFICER.

    Section 3 of the Export-Import Bank Act of 1945 (12 U.S.C. 635a) is 
amended by adding at the end the following:
    ``(k) Chief Risk Officer.--
            ``(1) In general.--Subject to the approval of the Board of 
        Directors of the Bank, the President of the Bank shall appoint, 
        from among individuals with experience at a senior level in 
        financial risk management, a Chief Risk Officer--
                    ``(A) who shall rank not lower than senior vice 
                president;
                    ``(B) whose sole function shall be to serve as the 
                chief risk officer of the Bank; and
                    ``(C) who shall report directly to the President of 
                the Bank.
            ``(2) Duties.--The Chief Risk Officer shall develop, 
        implement, and manage a comprehensive process for identifying, 
        assessing, monitoring, and reducing Bank-wide risk.''.

SEC. 302. REPORTS ON ETHICS REQUIREMENTS OF THE BANK.

    Within 180 days after the date of the enactment of this Act--
            (1) the Export-Import Bank of the United States shall 
        submit to the Committee on Financial Services of the House of 
        Representatives and the Committee on Banking, Housing, and 
        Urban Affairs of the Senate a report which provides a detailed 
        description of the ethics programs of the Bank including the 
        applicable laws and regulations, ethics training programs, 
        financial disclosure requirements, fraud detection training 
        programs, advice rendered on ethics, conflicts of interest, 
        protocols with the Inspector General, and any other matters 
        relating thereto; and
            (2) the Office of Government Ethics shall submit to the 
        Committee on Financial Services of the House of Representatives 
        and the Committee on Banking, Housing, and Urban Affairs of the 
        Senate an ethics program review report that--
                    (A) evaluates compliance by the Export-Import Bank 
                of the United States with ethics requirements as set 
                forth in relevant laws, regulations, and policies; and
                    (B) evaluates the systems, processes, and 
                procedures of the Bank for administering the ethics 
                program.

SEC. 303. EMPLOYEE FINANCIAL DISCLOSURES.

    Section 8 of the Export-Import Bank Act of 1945 (12 U.S.C. 635g), 
as amended by sections 203, 204(b), and 207(b) of this Act, is amended 
by adding at the end the following:
    ``(n) Employee Financial Disclosures.--The Bank shall include in 
its annual report to the Congress under subsection (a), the total 
number of Bank employees who are required to file a financial 
disclosure statement pursuant to the Ethics in Government Act of 1978, 
a clear and concise summary of the financial disclosure requirements 
that apply to Bank employees, and a summary of the rights of the public 
to access financial disclosures made by Bank employees.''.

SEC. 304. SUPPLEMENTAL ETHICS REGULATIONS.

    Within 1 year after the date of the enactment of this Act, the 
Export-Import Bank of the United States shall conduct a risk assessment 
of the vulnerability of its programs to employee misconduct based upon 
a historical review of adverse employment actions taken by the Bank 
and, if appropriate, shall issue updated supplemental standards of 
ethical conduct for employees of the Bank pursuant to the Ethics in 
Government Act of 1978.

SEC. 305. ANNUAL EMPLOYEE CERTIFICATIONS.

    Section 3 of the Export-Import Bank Act of 1945 (12 U.S.C. 635a), 
as amended by section 301 of this Act, is amended by adding at the end 
the following:
    ``(l) Annual Employee Certifications.--The President of the Export-
Import Bank of the United States shall implement a policy that requires 
all directors, officers, and employees of the Bank to certify annually 
that they have read, understand, and complied with, and will continue 
to comply with, the Standards of Ethical Conduct for Employees of the 
Executive Branch. The annual certifications shall contain a statement 
which notifies the signatory that section 1001 of title 18, United 
States Code, applies to the certification.''.

            TITLE IV--ENHANCING EXTERNAL AUDITS AND REVIEWS

SEC. 401. ENHANCED AUDIT CONTROLS.

    Section 2 of the Export-Import Bank Act of 1945 (12 U.S.C. 635), as 
amended by sections 203, 204(b), and 303 of this Act, is amended by 
adding at the end the following:
    ``(k) Corporate Governance and Internal Controls.--For all 
transactions subject to Board approval, the Bank shall--
            ``(1) ensure complete and accurate records are maintained 
        to provide an audit trail on all Bank transactions from 
        application through close-out, including eligibility and due 
        diligence; and
            ``(2) establish a quality control review program to ensure 
        compliance with Bank policies and the accuracy of records for 
        all transaction types.''.

SEC. 402. INDEPENDENT EVALUATION OF BANK PORTFOLIO.

    (a) Audit.--The Inspector General of the Export-Import Bank of the 
United States shall conduct an audit or evaluation of the portfolio 
risk management procedures of the Bank, including a review of the 
implementation by the Bank of the duties assigned to the Chief Risk 
Officer under the Export-Import Bank Act of 1945.
    (b) Report.--Not later than 18 months after the date the Board of 
Directors of the Bank approves the appointment of the Chief Risk 
Officer, the Inspector General shall submit to the Committee on 
Financial Services of the House of Representatives and the Committee on 
Banking, Housing, and Urban Affairs of the Senate a written report 
containing all findings and determinations made in carrying out 
subsection (a).

SEC. 403. EXTERNAL REVIEW OF FRAUD CONTROLS.

    Section 17(b) of the Export-Import Bank Reauthorization Act of 2012 
(12 U.S.C. 635a-6(b)) is amended to read as follows:
    ``(b) Review of Fraud Controls.--Not less frequently than every 4 
years, the Comptroller General of the United States shall--
            ``(1) review the adequacy of the design and effectiveness 
        of the controls used by the Export-Import Bank of the United 
        States to prevent, detect, and investigate fraudulent 
        applications for loans and guarantees and the compliance by the 
        Bank with the controls, including by auditing a sample of Bank 
        transactions; and
            ``(2) submit to the Committees on Financial Services and 
        Appropriations of the House of Representatives and the 
        Committees on Banking, Housing, and Urban Affairs and 
        Appropriations of the Senate a written report regarding the 
        findings of the review and providing such recommendations with 
        respect to the controls as the Comptroller General deems 
        appropriate.''.

      TITLE V--STRENGTHENING PROJECT MONITORING AND DUE DILIGENCE

SEC. 501. ENHANCED MONITORING AND DUE DILIGENCE FOR STRUCTURED AND 
              PROJECT FINANCE TRANSACTIONS.

    Section 2 of the Export-Import Bank Act of 1945 (12 U.S.C. 635), as 
amended by sections 203, 204(b), 303, and 401 of this Act, is amended 
by adding at the end the following:
    ``(l) Customer and Reputational Assessments.--The Bank shall 
perform or cause to be performed `risk-based Due Diligence', `Know Your 
Customer', and `Character Reputational Transaction Integrity' 
assessments of participants who benefit directly from Bank financing in 
structured finance and project finance transactions, to the extent 
practicable.''.

SEC. 502. MONITORING PLANS AND POST-APPROVAL ASSESSMENTS FOR STRUCTURED 
              AND PROJECT FINANCE TRANSACTIONS.

    Section 2 of the Export-Import Bank Act of 1945 (12 U.S.C. 635), as 
amended by sections 203, 204(b), 303, 401, and 501 of this Act, is 
amended by adding at the end the following:
    ``(m) Individualized Plans.--The Bank shall develop a specific 
monitoring plan for each structured or project finance transaction 
prior to final approval by the Board that addresses the specific risks 
presented by the structure of the deal (including the financial 
stability of the sponsor, risks of unproven technology, social and 
environmental conditions, and interest rate or exchange rate 
volatility). The plan shall include, at a minimum--
            ``(1) a review of financial statements;
            ``(2) a review of engineering reports;
            ``(3) a review of environmental assessments; and
            ``(4) site visits for engineers and members of the asset 
        management division.
    ``(n) Post-Approval Review.--The Bank shall--
            ``(1) review each structured and project finance 
        transaction referred to in subsection (m), no later than 2 
        years after funds are first disbursed for the transaction, on a 
        regular and ongoing basis as appropriate, but no later than 1 
        year after the final disbursement with respect to the 
        transaction; and
            ``(2) submit to the Committee on Financial Services of the 
        House of Representatives and the Committee on Banking, Housing, 
        and Urban Affairs of the Senate a report summarizing all 
        findings and determinations made in each review, subject to 
        protections for business confidential information.''.

SEC. 503. RESERVING THE RIGHT OF INSPECTION.

    Section 2 of the Export-Import Bank Act of 1945 (12 U.S.C. 635), as 
amended by sections 203, 204(b), 303, 401, 501, and 502 of this Act, is 
amended by adding at the end the following:
    ``(o) Monitoring of Transactions That Are Subject to Board 
Approval.--
            ``(1) Right of inspection.--The Bank, or its agent, shall 
        reserve the right of inspection in any credit agreement for a 
        transaction subject to the approval of the Board of Directors 
        sufficient to validate that disbursements comply with the law 
        and the policies and procedures of the Bank. The right of 
        inspection shall include a right to examine the books and 
        records of the obligor regarding the transaction.
            ``(2) Staffing.--The Bank shall ensure that sufficient 
        staff are allocated to monitor and validate compliance by 
        obligors with respect to transactions subject to the approval 
        of the Board of Directors.''.

                TITLE VI--MODERNIZATION OF BANK SYSTEMS

SEC. 601. ELECTRONIC PAYMENTS AND DOCUMENTS.

    Section 2(b)(1)(E) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635(b)(1)(E)) is amended by adding at the end the following:
    ``(xi) Electronic Documents.--Not later than 30 months after the 
date of the enactment of this clause, the Bank shall implement policies 
to accept electronic documents whenever possible, including copies of 
bills of lading, certifications, and compliance documents, in such a 
manner as will not undermine any potential civil or criminal 
enforcement related to the transaction.
    ``(xii) Electronic Payments.--Not later than 30 months after the 
date of the enactment of this clause, the Bank shall implement policies 
to accept electronic payments in all of its programs.''.

SEC. 602. REAUTHORIZATION OF INFORMATION TECHNOLOGY UPDATING.

    Section 3(j) of the Export-Import Act of 1945 (12 U.S.C. 635a(j)) 
is amended--
            (1) in the subsection heading, by striking ``Bank Surplus'' 
        and inserting ``Administrative Funds'';
            (2) in paragraph (1), by striking ``Subject to paragraphs 
        (3) and (4), the Bank may use an amount equal to 1.25 percent 
        of the surplus of the Bank during fiscal years 2012, 2013, and 
        2014 to'' and inserting ``Subject to paragraphs (2) and (3), 
        the Bank may use amounts, made available to the Bank for 
        administrative expenses, including fees for systems 
        infrastructure, to'';
            (3) by striking paragraph (2) and redesignating paragraphs 
        (3) and (4) as paragraphs (2) and (3), respectively; and
            (4) in paragraph (2) (as so redesignated), by striking 
        ``for fiscal years 2012, 2013, and 2014 shall not exceed 
        $20,000,000'' and inserting ``from the date of enactment of 
        this Act through the date specified in Section 7 shall not 
        exceed $45,000,000''.

SEC. 603. INFORMATION TECHNOLOGY MODERNIZATION.

    Section 3 of the Export-Import Bank Act of 1945 (12 U.S.C. 635a), 
as amended by sections 301 and 305 of this Act, is amended by adding at 
the end the following:
    ``(m) The Bank shall conduct an analysis and assessment of its 
information technology infrastructure, its use of information 
technology, and develop a clear and comprehensive information 
technology strategic plan which--
            ``(1) meets the requirements of the Office of Management 
        and Budget;
            ``(2) takes into account best practices related to the 
        security and privacy of the information technology 
        infrastructure and networks of the Bank;
            ``(3) promotes technological innovation in order to enhance 
        the efficiency and caliber of services provided to users of the 
        Bank, particularly small business users and their customers; 
        and
            ``(4) includes a detailed assessment of the cost associated 
        with implementing the plan, including whether additional 
        administrative budget is necessary to effectively implement the 
        plan, and, if so, a detailed justification summarizing how the 
        additional funds will be spent.
    ``(n) The Bank shall develop formal data management policy and 
procedures that--
            ``(1) ensure complete and accurate participant data is 
        captured in the database of the Bank in a readily accessible 
        medium; and
            ``(2) define which information is required for reporting 
        purposes.''.

SEC. 604. MODERNIZING THE DISCLOSURE OF ENVIRONMENTAL REPORTS.

    Section 11 of the Export-Import Bank Act of 1945 (12 U.S.C. 635i-5) 
is amended--
            (1) in subsection (a)(1), by striking ``Such procedures 
        shall provide for the public disclosure of environmental 
        assessments and supplemental environmental reports required to 
        be submitted to the Bank, including remediation or mitigation 
        plans and procedures, and related monitoring reports.'' and 
        inserting ``Such procedures shall provide for the public 
        disclosure on the Bank's website, of environmental assessments 
        and supplemental environmental reports required to be submitted 
        to the Bank, including remediation or mitigation plans and 
        procedures, and related monitoring reports. This public 
        disclosure shall be provided within 15 business days after the 
        Bank receives the documents.''; and
            (2) in subsection (b)--
                    (A) by striking ``(b)'' and all that follows 
                through ``The Bank'' and inserting the following:
    ``(b) Use of Bank Programs To Encourage Certain Export.--The 
Bank''; and
                    (B) by striking paragraph (2).

   TITLE VII--LEVELING THE PLAYING FIELD FOR UNITED STATES EXPORTERS

SEC. 701. LEVELING THE PLAYING FIELD FOR UNITED STATES EXPORTERS.

    Section 11 of the Export-Import Bank Reauthorization Act of 2012 
(12 U.S.C. 635a-5) is amended by striking subsections (a) and (b) and 
inserting the following:
    ``(a) Negotiations To Bring Non-OECD Members Into the OECD 
Arrangement on Officially Supported Export Credits.--The Secretary of 
the Treasury shall initiate and pursue negotiations with countries that 
are not members of the Organisation for Economic Co-operation and 
Development (OECD), to bring the non-members into a multilateral 
agreement establishing rules and limitations on officially supported 
export credits.
    ``(b) Annual Reports on Progress of Negotiations.--Not later than 
180 days after the date of the enactment of this subsection, and 
annually thereafter through calendar year 2022, the Secretary shall 
submit to the Committee on Banking, Housing, and Urban Affairs of the 
Senate and the Committee on Financial Services of the House of 
Representatives a report on the progress of any negotiations described 
in subsection (a).''.

SEC. 702. PROHIBITING ILLEGAL SUPPORT OF FOREIGN EXPORTS.

    The United States Trade Representative shall seek to identify 
within the World Trade Organization the extent to which countries that 
are not a party to the Arrangement On Officially Supported Export 
Credits are not in compliance with the terms of the Agreement on 
Subsidies and Countervailing Measures referred to in section 101(d)(12) 
of the Uruguay Round Agreements Act (19 U.S.C. 3511(d)(12)) with 
respect to export finance, and seek appropriate action within the World 
Trade Organization for each country that is not in such compliance.
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