[Congressional Record Volume 146, Number 106 (Tuesday, September 12, 2000)]
[Senate]
[Pages S8424-S8425]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          AMENDMENTS SUBMITTED

                                 ______
                                 

                   HOLLINGS AMENDMENTS NOS. 4134-4137

  Mr. HOLLINGS proposed four amendments to the bill, H.R. 4444, supra; 
as follows:

                           Amendment No. 4134

       At the appropriate place, insert the following:

     SEC.   . FOREIGN INVESTMENT INFORMATION TO BE INCLUDED IN 10-
                   K REPORTS.

       The Securities and Exchange Commission shall amend its 
     regulations to require the inclusion of the following 
     information in 10-K reports required to be filed with the 
     Commission:
       (1) The number of employees employed by the reporting 
     entity outside the United States directly, indirectly, or 
     through a joint venture or other business arrangement, listed 
     by country in which employed.
       (2) The annual dollar volume of exports of goods 
     manufactured or produced in the United States by the 
     reporting entity to each country to which it exports such 
     goods.
       (3) The annual dollar volume of imports of goods 
     manufactured or produced outside the United States by the 
     reporting entity from each country from which it imports such 
     goods.
                                  ____


                           Amendment No. 4135

       At the appropriate place, insert the following:

     SEC.   . BALANCE OF TRADE WITH CHINA IN CEREALS AND SOYBEANS.

       (a) In General.--Beginning with the first business day in 
     January of the year 2001 and on the first business day in 
     January of each year thereafter, (or as soon thereafter as 
     the data become available) the President shall report to the 
     Congress on the balance of trade between the United States 
     and the People's Republic of China in cereals (wheat, corn, 
     and rice) and on the balance of trade between the United 
     States and the People's Republic of China in soybeans for the 
     previous year.
       (b) Commitments From China To Reduce Deficit.--If the 
     President reports a trade deficit in favor of the People's 
     Republic of China under subsection (a) for cereals or for 
     soybeans, then the President is authorized and requested to 
     initiate negotiations to obtain additional commitments from 
     the People's Republic of China to reduce or eliminate the 
     imbalance.
       (c) 6-Month Follow-Up.--The President shall report to the 
     Congress the results of those negotiations, and any 
     additional steps taken by the President to eliminate that 
     trade deficit, within 6 months after submitting the report 
     under subsection (a).
                                  ____


                           Amendment No. 4136

       At the appropriate place, inset the following:

     SEC.  . BALANCE OF TRADE WITH CHINA IN ADVANCED TECHNOLOGY 
                   PRODUCTS.

       (a) Findings.--The Congress makes the following findings:
       (1) The trade deficit with the People's Republic of China 
     in advance technology products for 1999 was approximately 
     $3.2 billion.
       (2) The trade deficit with the People's Republic of China 
     in advance technology products for 2000 is projected to be 
     approximately $5 billion.
       (b) Report.--Beginning with the first business day in 
     January of the year 2001 and on the first business day in 
     January of each year thereafter, (or as soon thereafter as 
     the data become available) the President shall report to the 
     Congress on the balance of trade between the United States 
     and the People's Republic of China in advanced technology 
     products for this previous year.
       (c) Commitments From China To Reduce Deficit.--If the 
     President reports a trade deficit in favor of the People's 
     Republic of China under subsection (b) excess of $5 billion 
     for any year, the President is authorized and requested to 
     initiate negotiations to obtain additional commitments from 
     the People's Republic of China to reduce or eliminate the 
     imbalance.
       (d) 6-Month Follow-up.--The President shall report to the 
     Congress the result of those negotiations, and any additional 
     steps taken by the President to eliminate that trade deficit, 
     within 6 months after submitting the report under subsection 
     (b).
                                  ____


                           Amendment No. 4137

       At the appropriate place, insert the following:

     SEC.  . RISK INSURANCE CERTIFICATIONS.

       Notwithstanding any other provision of law to the contrary, 
     and in addition to any requirements imposed by law, 
     regulation, or rule, neither the Export-Import Bank of the 
     United States nor the Overseas Private Investment Corporation 
     may provide risk insurance after December 31, 2000, to an 
     applicant unless that applicant certifies that it--
       (1) has not transferred advanced technology after January 
     1, 2001, to the People Republic of China; and
       (2) has not moved any production facilities after January 
     1, 2001, from the United States to the People's Republic of 
     China.

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