[Congressional Record Volume 161, Number 74 (Thursday, May 14, 2015)]
[Senate]
[Pages S2937-S2946]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           TEXT OF AMENDMENTS

  SA 1226. Mr. McCAIN (for himself, Mrs. Shaheen, Ms. Ayotte, Mr. 
Isakson, Mr. Kirk, Mr. Crapo, Mr. Risch, Mr. Casey, Mr. Reed, and Mr. 
Peters) submitted an amendment intended to be proposed to amendment SA 
1221 proposed by Mr. Hatch to the bill H.R. 1314, to amend the Internal 
Revenue Code of 1986 to provide for a right to an administrative appeal 
relating to adverse determinations of tax-exempt status of certain 
organizations; which was ordered to lie on the table; as follows:

       At the end, add the following:

                   TITLE III--EXPANDING TRADE EXPORTS

     SEC. 301. REPEAL OF DUPLICATIVE INSPECTION AND GRADING 
                   PROGRAM.

       (a) Food, Conservation, and Energy Act of 2008.--Effective 
     June 18, 2008, section 11016 of the Food, Conservation, and 
     Energy Act of 2008 (Public Law 110-246; 122 Stat. 2130) is 
     repealed.
       (b) Agricultural Act of 2014.--Effective February 7, 2014, 
     section 12106 of the Agricultural Act of 2014 (Public Law 
     113-79; 128 Stat. 981) is repealed.
       (c) Application.--The Federal Meat Inspection Act (21 
     U.S.C. 601 et seq.) and the Agricultural Marketing Act of 
     1946 (7 U.S.C.

[[Page S2938]]

     1621 et seq.) shall be applied and administered as if the 
     provisions of law struck by this section had not been 
     enacted.
                                 ______
                                 
  SA 1227. Mrs. SHAHEEN submitted an amendment intended to be proposed 
to amendment SA 1221 proposed by Mr. Hatch to the bill H.R. 1314, to 
amend the Internal Revenue Code of 1986 to provide for a right to an 
administrative appeal relating to adverse determinations of tax-exempt 
status of certain organizations; which was ordered to lie on the table; 
as follows:

       At the end of section 109, add the following:
       (c) Outreach and Input From Small Businesses to Trade 
     Promotion Authority.--Section 609 of title 5, United States 
     Code, is amended by adding at the end the following:
       ``(f)(1) Not later than 30 days after the date on which the 
     President submits the notification required under section 
     5(a) of the Bipartisan Congressional Trade Priorities and 
     Accountability Act of 2015, the Chief Counsel for Advocacy of 
     the Small Business Administration (in this subsection 
     referred to as the `Chief Counsel') shall convene an 
     Interagency Working Group (in this subsection referred to as 
     the `Working Group'), which shall consist of an employee from 
     each of the following agencies, as selected by the head of 
     the agency or an official delegated by the head of the 
     agency:
       ``(A) The Office of the United States Trade Representative.
       ``(B) The Department of Commerce.
       ``(C) The Department of Agriculture.
       ``(D) Any other agency that the Chief Counsel, in 
     consultation with the United States Trade Representative, 
     determines to be relevant with respect to the subject of the 
     trade agreement being negotiated pursuant to section 3(b) of 
     the Bipartisan Congressional Trade Priorities and 
     Accountability Act of 2015 (in this subsection referred to as 
     the `covered trade agreement').
       ``(2) Not later than 30 days after the date on which the 
     Chief Counsel convenes the Working Group under paragraph (1), 
     the Chief Counsel shall identify a diverse group of small 
     entities, representatives of small entities, or a combination 
     thereof, to provide to the Working Group the views of small 
     businesses in the manufacturing, services, and agriculture 
     industries on the potential economic effects of the covered 
     trade agreement.
       ``(3)(A) Not later than 180 days after the date on which 
     the Chief Counsel convenes the Working Group under paragraph 
     (1), the Chief Counsel shall submit to the Committee on Small 
     Business and Entrepreneurship and the Committee on Finance of 
     the Senate and the Committee on Small Business and the 
     Committee on Ways and Means of the House of Representatives a 
     report on the economic impacts of the covered trade agreement 
     on small entities, which shall--
       ``(i) identify the most important priorities, 
     opportunities, and challenges to various industries from the 
     covered trade agreement;
       ``(ii) assess the impact for new small entities to start 
     exporting, or increase their exports, to markets in the 
     covered trade agreement;
       ``(iii) analyze the competitive position of industries 
     likely to be significantly affected by the covered trade 
     agreement;
       ``(iv) identify--
       ``(I) any State-owned enterprises in each country 
     pertaining to the covered trade agreement that could be pose 
     a threat to small entities; and
       ``(II) any steps to take to create a level-playing field 
     for those small entities;
       ``(v) identify any rule of an agency that should be 
     modified to become compliant with the covered trade 
     agreement; and
       ``(vi) include an overview of the methodology used to 
     develop the report, including the number of small entity 
     participants by industry, how those small entities were 
     selected, and any other factors that the Chief Counsel may 
     determine appropriate.
       ``(B) To ensure that negotiations for the covered trade 
     agreement are not disrupted, the President may require that 
     the Chief Counsel delay submission of the report under 
     subparagraph (A) until after the negotiations of the covered 
     trade agreement are concluded, provided that the delay allows 
     the Chief Counsel to submit the report to Congress not later 
     than 45 days before the Senate or the House of 
     Representatives acts to approve or disapprove the covered 
     trade agreement.
       ``(C) The Chief Counsel shall, to the extent practicable, 
     coordinate the submission of the report under this paragraph 
     with the United States International Trade Commission, the 
     United States Trade Representative, other agencies, and trade 
     advisory committees to avoid unnecessary duplication of 
     reporting requirements.''.
       (d) State Trade and Export Promotion Grant Program.--
     Section 22 of the Small Business Act (15 U.S.C. 652) is 
     amended--
       (1) by redesignating subsection (l) as subsection (m); and
       (2) by inserting after subsection (k) the following:
       ``(l) State Trade and Export Promotion Grant Program.--
       ``(1) Definitions.--In this subsection--
       ``(A) the term `eligible small business concern' means a 
     business concern that--
       ``(i) is organized or incorporated in the United States;
       ``(ii) is operating in the United States;
       ``(iii) meets--

       ``(I) the applicable industry-based small business size 
     standard established under section 3; or
       ``(II) the alternate size standard applicable to the 
     program under section 7(a) of this Act and the loan programs 
     under title V of the Small Business Investment Act of 1958 
     (15 U.S.C. 695 et seq.);

       ``(iv) has been in business for not less than 1 year, as of 
     the date on which assistance using a grant under this 
     subsection commences;
       ``(v) is export ready, as determined by the Associate 
     Administrator; and
       ``(vi) has access to sufficient resources to bear the costs 
     associated with exporting and doing business with foreign 
     purchasers, including the costs of packing, shipping, freight 
     forwarding, and customs brokers;
       ``(B) the term `program' means the State Trade and Export 
     Promotion Grant Program established under paragraph (2);
       ``(C) the term `rural small business concern' means an 
     eligible small business concern located in a rural area, as 
     that term is defined in section 1393(a)(2) of the Internal 
     Revenue Code of 1986;
       ``(D) the term `socially and economically disadvantaged 
     small business concern' has the meaning given that term in 
     section 8(a)(4)(A) of the Small Business Act (15 U.S.C. 
     637(a)(4)(A)); and
       ``(E) the term `State' means each of the several States, 
     the District of Columbia, the Commonwealth of Puerto Rico, 
     the Virgin Islands, Guam, the Commonwealth of the Northern 
     Mariana Islands, and American Samoa.
       ``(2) Establishment of program.--The Associate 
     Administrator shall establish a trade and export promotion 
     grant program, to be known as the `State Trade and Export 
     Promotion Grant Program', to make grants to States to carry 
     out export programs that assist eligible small business 
     concerns in--
       ``(A) participation in a foreign trade mission;
       ``(B) a foreign market sales trip;
       ``(C) a subscription to services provided by the Department 
     of Commerce;
       ``(D) the payment of website translation fees;
       ``(E) the design of international marketing media;
       ``(F) a trade show exhibition;
       ``(G) participation in training workshops;
       ``(H) a reverse trade mission;
       ``(I) procurement of foreign consultancy services (after 
     consultation with the Department of Commerce to avoid 
     duplication); or
       ``(J) any other export initiative determined appropriate by 
     the Associate Administrator.
       ``(3) Grants.--
       ``(A) Joint review.--In carrying out the program, the 
     Associate Administrator may make a grant to a State to 
     increase the number of eligible small business concerns in 
     the State that export and to increase the value of the 
     exports by eligible small business concerns in the State.
       ``(B) Considerations.--In making grants under this 
     subsection, the Associate Administrator may give priority to 
     an application by a State that proposes an export program 
     that--
       ``(i) focuses on eligible small business concerns as part 
     of an export promotion program;
       ``(ii) demonstrates intent to promote exports by--

       ``(I) socially and economically disadvantaged small 
     business concerns;
       ``(II) small business concerns owned or controlled by 
     women; and
       ``(III) rural small business concerns;

       ``(iii) promotes exports from a State that is not 1 of the 
     10 States with the highest percentage of exporters that are 
     eligible small business concerns, based upon the most recent 
     data available from the Department of Commerce; and
       ``(iv) includes--

       ``(I) activities which have resulted in the highest return 
     on investment based on the most recent year; and
       ``(II) the adoption of shared best practices included in 
     the annual report of the Administration.

       ``(C) Limitations.--
       ``(i) Single application.--A State may not submit more than 
     1 application for a grant under the program in any 1 fiscal 
     year.
       ``(ii) Proportion of amounts.--The total value of grants 
     made under the program during a fiscal year to the 10 States 
     with the highest percentage of exporters that are eligible 
     small business concerns, based upon the most recent data 
     available from the Department of Commerce, shall be not more 
     than 40 percent of the amounts appropriated for the program 
     for that fiscal year.
       ``(iii) Duration.--The Associate Administrator shall award 
     a grant under this program for a period of not more than 2 
     years.
       ``(D) Application.--
       ``(i) In general.--A State desiring a grant under the 
     program shall submit an application at such time, in such 
     manner, and accompanied by such information as the Associate 
     Administrator may establish.
       ``(ii) Consultation to reduce duplication.--A State 
     desiring a grant under the program shall--

       ``(I) before submitting an application under clause (i), 
     consult with applicable trade agencies of the Federal 
     Government on the scope and mission of the activities the 
     State proposes to carry out using the grant, to ensure proper 
     coordination and reduce duplication in services; and

[[Page S2939]]

       ``(II) document the consultation conducted under subclause 
     (I) in the application submitted under clause (i).

       ``(4) Competitive basis.--The Associate Administrator shall 
     award grants under the program on a competitive basis.
       ``(5) Federal share.--The Federal share of the cost of an 
     export program carried out using a grant under the program 
     shall be--
       ``(A) for a State that has a high export volume, as 
     determined by the Associate Administrator, not more than 65 
     percent; and
       ``(B) for a State that does not have a high export volume, 
     as determined by the Associate Administrator, not more than 
     75 percent.
       ``(6) Non-federal share.--The non-Federal share of the cost 
     of an export program carried out using a grant under the 
     program shall be comprised of not less than 50 percent cash 
     and not more than 50 percent of indirect costs and in-kind 
     contributions, except that no such costs or contributions may 
     be derived from funds from any other Federal program.
       ``(7) Reports.--
       ``(A) Initial report.--Not later than 120 days after the 
     date of enactment of this subsection, the Associate 
     Administrator shall submit to the Committee on Small Business 
     and Entrepreneurship of the Senate and the Committee on Small 
     Business of the House of Representatives a report, which 
     shall include--
       ``(i) a description of the structure of and procedures for 
     the program;
       ``(ii) a management plan for the program; and
       ``(iii) a description of the merit-based review process to 
     be used in the program.
       ``(B) Annual reports.--
       ``(i) In general.--The Associate Administrator shall 
     publish on the website of the Administration an annual report 
     regarding the program, which shall include--

       ``(I) the number and amount of grants made under the 
     program during the preceding year;
       ``(II) a list of the States receiving a grant under the 
     program during the preceding year, including the activities 
     being performed with each grant;
       ``(III) the effect of each grant on exports by eligible 
     small business concerns in the State receiving the grant;
       ``(IV) the total return on investment for each State; and
       ``(V) a description of best practices by States that showed 
     high returns on investment and significant progress in 
     helping more eligible small business concerns to export.

       ``(ii) Notice to congress.--On the date on which the 
     Associate Administrator publishes a report under clause (i), 
     the Associate Administrator shall notify the Committee on 
     Small Business and Entrepreneurship of the Senate and the 
     Committee on Small Business of the House of Representatives 
     that the report has been published.
       ``(8) Reviews by inspector general.--
       ``(A) In general.--The Inspector General of the 
     Administration shall conduct a review of--
       ``(i) the extent to which recipients of grants under the 
     program are measuring the performance of the activities being 
     conducted and the results of the measurements; and
       ``(ii) the overall management and effectiveness of the 
     program.
       ``(B) Reports.--
       ``(i) Pilot program.--Not later than 6 months after the 
     date of enactment of this subsection, the Inspector General 
     of the Administration shall submit to the Committee on Small 
     Business and Entrepreneurship of the Senate and the Committee 
     on Small Business of the House of Representatives a report 
     regarding the use of amounts made available under the State 
     Trade and Export Promotion Grant Program under section 1207 
     of the Small Business Jobs Act of 2010 (15 U.S.C. 649b note).
       ``(ii) New step program.--Not later than 18 months after 
     the date on which the first grant is awarded under this 
     subsection, the Inspector General of the Administration shall 
     submit to the Committee on Small Business and 
     Entrepreneurship of the Senate and the Committee on Small 
     Business of the House of Representatives a report regarding 
     the review conducted under subparagraph (A).
       ``(9) Authorization of appropriations.--There is authorized 
     to be appropriated to carry out the program--
       ``(A) $30,000,000 for fiscal year 2016;
       ``(B) $35,000,000 for fiscal year 2017;
       ``(C) $40,000,000 for fiscal year 2018;
       ``(D) $45,000,000 for fiscal year 2019; and
       ``(E) $50,000,000 for fiscal year 2020.''.
       (e) Membership of Representatives of State Trade Promotion 
     Agencies on Trade Promotion Coordinating Committee.--Section 
     2312 of the Export Enhancement Act of 1988 (15 U.S.C. 4727) 
     is amended--
       (1) in subsection (d)--
       (A) by redesignating paragraph (2) as paragraph (3); and
       (B) by inserting after paragraph (1) the following:
       ``(2) Representatives from state trade promotion 
     agencies.--
       ``(A) In general.--The TPCC shall also include 1 or more 
     members appointed by the President, after consultation with 
     associations representing State trade promotion agencies, who 
     are representatives of State trade promotion agencies.
       ``(B) Term.--A member appointed under subparagraph (A) 
     shall be appointed for a term of 2 years.
       ``(C) Personnel matters.--
       ``(i) No compensation.--A member of the TPCC appointed 
     under subparagraph (A) shall serve without compensation.
       ``(ii) Travel expenses.--A member of the TPCC appointed 
     under subparagraph (A) shall be allowed travel expenses, 
     including per diem in lieu of subsistence, at rates 
     authorized for employees of agencies under subchapter I of 
     chapter 57 of title 5, United States Code, while away from 
     the homes or regular place of business of the member in the 
     performance of services for the TPCC.
       ``(iii) Administrative assistance.--The Secretary of 
     Commerce, or the head of another agency, as appropriate, 
     shall make available to a member of the TPCC appointed under 
     subparagraph (A) administrative services and assistance, 
     including a security clearance, as the member may reasonably 
     require to carry out services for the TPCC.''; and
       (2) in subsection (e), in the first sentence, by inserting 
     ``(other than members described in subsection (d)(2))'' after 
     ``Members of the TPCC''.
       (f) State and Federal Export Promotion Coordination Working 
     Group.--Subtitle C of the Export Enhancement Act of 1988 (15 
     U.S.C. 4721 et seq.) is amended by inserting after section 
     2313 the following:

     ``SEC. 2313A. STATE AND FEDERAL EXPORT PROMOTION COORDINATION 
                   WORKING GROUP.

       ``(a) Statement of Policy.--It is the policy of the United 
     States to promote exports as an opportunity for small 
     businesses. In exercising their powers and functions in order 
     to advance that policy, all Federal departments and agencies 
     shall work constructively with State and local agencies 
     engaged in export promotion and export financing activities.
       ``(b) Establishment.--The President shall establish a State 
     and Federal Export Promotion Coordination Working Group (in 
     this section referred to as the `Working Group') as a 
     subcommittee of the Trade Promotion Coordination Committee 
     (in this section referred to as the `TPCC').
       ``(c) Purposes.--The purposes of the Working Group are--
       ``(1) to identify issues related to the coordination of 
     Federal resources relating to export promotion and export 
     financing with such resources provided by State and local 
     governments;
       ``(2) to identify ways to improve coordination with respect 
     to export promotion and export financing activities through 
     the strategic plan developed under section 2312(c);
       ``(3) to develop a strategy for improving coordination of 
     Federal and State resources relating to export promotion and 
     export financing, including methods to eliminate duplication 
     of effort and overlapping functions; and
       ``(4) to develop a strategic plan for considering and 
     implementing the suggestions of the Working Group as part of 
     the strategic plan developed under section 2312(c).
       ``(d) Membership.--The Secretary of Commerce shall select 
     the members of the Working Group, who shall include--
       ``(1) representatives from State trade agencies 
     representing regionally diverse areas; and
       ``(2) representatives of the departments and agencies that 
     are represented on the TPCC, who are designated by the heads 
     of their respective departments or agencies to advise the 
     head on ways of promoting the exportation of United States 
     goods and services.''.
       (g) Report on Improvements to Export.gov as a Single Window 
     for Export Information.--
       (1) In general.--Not later than 180 days after the date of 
     enactment of this Act, the Associate Administrator for 
     International Trade of the Small Business Administration 
     shall, after consultation with the entities specified in 
     paragraph (2), submit to the appropriate congressional 
     committees a report that includes the recommendations of the 
     Associate Administrator for improving the experience provided 
     by the Internet website Export.gov (or a successor website) 
     as--
       (A) a comprehensive resource for information about 
     exporting articles from the United States; and
       (B) a single website for exporters to submit all 
     information required by the Federal Government with respect 
     to the exportation of articles from the United States.
       (2) Entities specified.--The entities specified in this 
     paragraph are--
       (A) small business concerns (as defined in section 3 of the 
     Small Business Act (15 U.S.C. 632)) that are exporters; and
       (B) the President's Export Council, State agencies with 
     responsibility for export promotion or export financing, 
     district export councils, and trade associations.
       (3) Appropriate congressional committees defined.--In this 
     subsection, the term ``appropriate congressional committees'' 
     means--
       (A) the Committee on Small Business and Entrepreneurship 
     and the Committee on Banking, Housing, and Urban Affairs of 
     the Senate; and
       (B) the Committee on Small Business and the Committee on 
     Foreign Affairs of the House of Representatives.
       (h) Small Business Interagency Task Force on Export 
     Financing.--
       (1) In general.--The Administrator of the Small Business 
     Administration, the Secretary of Agriculture, the Export-
     Import Bank of the United States, and the Overseas

[[Page S2940]]

     Private Investment Corporation shall jointly establish a 
     Small Business Inter-Agency Task Force on Export Financing 
     to--
       (A) review and improve Federal export finance programs for 
     small business concerns; and
       (B) coordinate the activities of the Federal Government to 
     assist small business concerns seeking to export.
       (2) Definition.--In this subsection, the term ``small 
     business concern'' has the meaning given that term in section 
     3 of the Small Business Act (15 U.S.C. 632).
       (i) Availability of State Resources Guides on Export.gov.--
     The Secretary of Commerce shall make available on the 
     Internet website Export.gov (or a successor website) 
     information on the resources relating to export promotion and 
     export financing available in each State--
       (1) organized by State; and
       (2) including information on State agencies with 
     responsibility for export promotion or export financing and 
     district export councils and trade associations located in 
     the State.
                                 ______
                                 
  SA 1228. Mr. CARDIN (for himself, Mr. Nelson, and Mr. Menendez) 
submitted an amendment intended to be proposed to amendment SA 1221 
proposed by Mr. Hatch to the bill H.R. 1314, to amend the Internal 
Revenue Code of 1986 to provide for a right to an administrative appeal 
relating to adverse determinations of tax-exempt status of certain 
organizations; which was ordered to lie on the table; as follows:

       At the end, add the following:

              TITLE III--TARIFF PREFERENCE LEVEL PROGRAMS

     SEC. 301. EXTENSION OF TARIFF PREFERENCE LEVEL PROGRAM FOR 
                   NICARAGUA.

       (a) In General.--The President shall proclaim an extension 
     until December 31, 2024, of the preferential tariff treatment 
     for apparel goods imported from Nicaragua--
       (1) described in U.S. Note 15 to subchapter XV of chapter 
     99 of the Harmonized Tariff Schedule of the United States; 
     and
       (2) provided for under Annex 3.28 of the Dominican 
     Republic-Central America-United States Free Trade Agreement 
     and the letters described in subparagraphs (A) and (B) of 
     section 1634(a)(2) of the Miscellaneous Trade and Technical 
     Corrections Act of 2006 (title XIV of Public Law 109-280; 120 
     Stat. 1167).
       (b) Limitation on Application of One-for-one Purchasing 
     Rule for Cotton Woven Trousers.--The limitation specified in 
     clause (iv) of paragraph (7)(b) of the letter described in 
     section 1634(a)(2)(A) of the Miscellaneous Trade and 
     Technical Corrections Act of 2006 shall apply with respect to 
     the one-for-one purchasing rule described in paragraph (7)(b) 
     of that letter in each year after the extension pursuant to 
     subsection (a) of the preferential tariff treatment described 
     in that subsection.
       (c) Amendment to Miscellaneous Trade and Technical 
     Corrections Act of 2006.--Section 1634(c) of the 
     Miscellaneous Trade and Technical Corrections Act of 2006 is 
     amended--
       (1) in paragraph (1)--
       (A) by striking ``under Annex 3.28 of the Agreement'' and 
     inserting ``under the Nicaraguan tariff preference level 
     program''; and
       (B) by striking ``provided in Annex 3.28 of the Agreement'' 
     and inserting ``under the Nicaraguan tariff preference level 
     program'';
       (2) in paragraph (2), by striking ``provided in Annex 3.28 
     of the Agreement'' and inserting ``under the Nicaraguan 
     tariff preference level program''; and
       (3) by adding at the end the following:
       ``(4) Nicaraguan tariff preference level program defined.--
     In this subsection, the term `Nicaraguan tariff preference 
     level program' means the preferential tariff treatment 
     provided for under Annex 3.28 of the Agreement and extended 
     pursuant to the Trade Preferences Extension Act of 2015.''.
       (d) Retroactive Application.--
       (1) In general.--Notwithstanding section 514 of the Tariff 
     Act of 1930 (19 U.S.C. 1514) or any other provision of law, 
     and subject to paragraph (2), any entry of an article to 
     which duty-free treatment or other preferential treatment 
     under the Nicaraguan tariff preference level program would 
     have applied if the entry had been made on December 31, 2014, 
     that was made--
       (A) after December 31, 2014, and
       (B) before the effective date of the presidential 
     proclamation referred to in subsection (a),
     shall be liquidated or reliquidated as though such entry 
     occurred after the effective date of the presidential 
     proclamation referred to in subsection (a).
       (2) Requests.--A liquidation or reliquidation may be made 
     under paragraph (1) with respect to an entry only if a 
     request therefor is filed with U.S. Customs and Border 
     Protection not later than 180 days after the effective date 
     of the presidential proclamation referred to in subsection 
     (a) that contains sufficient information to enable U.S. 
     Customs and Border Protection--
       (A) to locate the entry; or
       (B) to reconstruct the entry if it cannot be located.
       (3) Payment of amounts owed.--Any amounts owed by the 
     United States pursuant to the liquidation or reliquidation of 
     an entry of an article under paragraph (1) shall be paid, 
     without interest, not later than 90 days after the date of 
     the liquidation or reliquidation (as the case may be).
       (4) Entry defined.--In this subsection, the term ``entry'' 
     includes a withdrawal from warehouse for consumption.

     SEC. 302. EXTENSION OF TARIFF PREFERENCE LEVEL PROGRAM FOR 
                   BAHRAIN.

       (a) In General.--U.S. Note 13 to subchapter XIV of chapter 
     99 of the Harmonized Tariff Schedule of the United States is 
     amended--
       (1) in the matter preceding paragraph (a)--
       (A) by striking ``2015'' and inserting ``2025''; and
       (B) by striking ``January 1, 2016, through July 31, 2016'' 
     and inserting ``January 1, 2026, through July 31, 2026''; and
       (2) in the matter following paragraph (d), by striking 
     ``July 31, 2016'' and inserting ``July 31, 2026''.
       (b) Effective Date.--The amendments made by this section 
     shall apply with respect to articles entered, or withdrawn 
     from warehouse for consumption, on or after January 1, 2016.

     SEC. 303. EXTENSION OF TARIFF PREFERENCE LEVEL PROGRAM FOR 
                   MOROCCO.

       (a) In General.--U.S. Note 64(b) to subchapter XII of 
     chapter 99 of the Harmonized Tariff Schedule of the United 
     States is amended--
       (1) by striking ``shall be as follows:'' and all that 
     follows through ``As used in this note'' and inserting 
     ``shall be 10,000,000 SME for each of the calendar years 2016 
     through 2025. As used in this note''; and
       (2) by striking ``December 31, 2015'' and inserting 
     ``December 31, 2025''.
       (b) Effective Date.--The amendments made by this section 
     shall apply with respect to articles entered, or withdrawn 
     from warehouse for consumption, on or after January 1, 2016.
                                 ______
                                 
  SA 1229. Mr. CARDIN submitted an amendment intended to be proposed by 
him to the bill H.R. 1314, to amend the Internal Revenue Code of 1986 
to provide for a right to an administrative appeal relating to adverse 
determinations of tax-exempt status of certain organizations; which was 
ordered to lie on the table; as follows:

       At the end, add the following:

                        TITLE III--MISCELLANEOUS

     SEC. 301. EXTENSION OF TARIFF PREFERENCE LEVEL PROGRAM FOR 
                   NICARAGUA.

       (a) In General.--The President shall proclaim an extension 
     until December 31, 2024, of the preferential tariff treatment 
     for apparel goods imported from Nicaragua--
       (1) described in U.S. Note 15 to subchapter XV of chapter 
     99 of the Harmonized Tariff Schedule of the United States; 
     and
       (2) provided for under Annex 3.28 of the Dominican 
     Republic-Central America-United States Free Trade Agreement 
     and the letters described in subparagraphs (A) and (B) of 
     section 1634(a)(2) of the Miscellaneous Trade and Technical 
     Corrections Act of 2006 (title XIV of Public Law 109-280; 120 
     Stat. 1167).
       (b) Limitation on Application of One-for-one Purchasing 
     Rule for Cotton Woven Trousers.--The limitation specified in 
     clause (iv) of paragraph (7)(b) of the letter described in 
     section 1634(a)(2)(A) of the Miscellaneous Trade and 
     Technical Corrections Act of 2006 shall apply with respect to 
     the one-for-one purchasing rule described in paragraph (7)(b) 
     of that letter in each year after the extension pursuant to 
     subsection (a) of the preferential tariff treatment described 
     in that subsection.
       (c) Amendment to Miscellaneous Trade and Technical 
     Corrections Act of 2006.--Section 1634(c) of the 
     Miscellaneous Trade and Technical Corrections Act of 2006 is 
     amended--
       (1) in paragraph (1)--
       (A) by striking ``under Annex 3.28 of the Agreement'' and 
     inserting ``under the Nicaraguan tariff preference level 
     program''; and
       (B) by striking ``provided in Annex 3.28 of the Agreement'' 
     and inserting ``under the Nicaraguan tariff preference level 
     program'';
       (2) in paragraph (2), by striking ``provided in Annex 3.28 
     of the Agreement'' and inserting ``under the Nicaraguan 
     tariff preference level program''; and
       (3) by adding at the end the following:
       ``(4) Nicaraguan tariff preference level program defined.--
     In this subsection, the term `Nicaraguan tariff preference 
     level program' means the preferential tariff treatment 
     provided for under Annex 3.28 of the Agreement and extended 
     pursuant to the Trade Preferences Extension Act of 2015.''.
       (d) Retroactive Application.--
       (1) In general.--Notwithstanding section 514 of the Tariff 
     Act of 1930 (19 U.S.C. 1514) or any other provision of law, 
     and subject to paragraph (2), any entry of an article to 
     which duty-free treatment or other preferential treatment 
     under the Nicaraguan tariff preference level program would 
     have applied if the entry had been made on December 31, 2014, 
     that was made--
       (A) after December 31, 2014, and
       (B) before the effective date of the presidential 
     proclamation referred to in subsection (a),
     shall be liquidated or reliquidated as though such entry 
     occurred after the effective date of the presidential 
     proclamation referred to in subsection (a).
       (2) Requests.--A liquidation or reliquidation may be made 
     under paragraph (1) with respect to an entry only if a 
     request therefor is filed with U.S. Customs and Border 
     Protection not later than 180 days after the effective date 
     of the presidential proclamation referred to in subsection 
     (a) that contains

[[Page S2941]]

     sufficient information to enable U.S. Customs and Border 
     Protection--
       (A) to locate the entry; or
       (B) to reconstruct the entry if it cannot be located.
       (3) Payment of amounts owed.--Any amounts owed by the 
     United States pursuant to the liquidation or reliquidation of 
     an entry of an article under paragraph (1) shall be paid, 
     without interest, not later than 90 days after the date of 
     the liquidation or reliquidation (as the case may be).
       (4) Entry defined.--In this subsection, the term ``entry'' 
     includes a withdrawal from warehouse for consumption.
                                 ______
                                 
  SA 1230. Mr. CARDIN submitted an amendment intended to be proposed by 
him to the bill H.R. 1314, to amend the Internal Revenue Code of 1986 
to provide for a right to an administrative appeal relating to adverse 
determinations of tax-exempt status of certain organizations; which was 
ordered to lie on the table; as follows:

       At the end of section 105(a), add the following:
       (6) Observance of human rights.--In determining whether to 
     enter into negotiations with a particular country, the 
     President shall take into account whether the government of 
     that country engages in a consistent pattern of gross 
     violations of internationally recognized human rights.
                                 ______
                                 
  SA 1231. Mr. CARDIN submitted an amendment intended to be proposed by 
him to the bill H.R. 1314, to amend the Internal Revenue Code of 1986 
to provide for a right to an administrative appeal relating to adverse 
determinations of tax-exempt status of certain organizations; which was 
ordered to lie on the table; as follows:

       In section 102(b)(14), add at the end the following:
       (D) to seek commitments from United States trading partners 
     to strengthen their legal institutions, including by 
     establishing an independent judiciary, ensuring the 
     independence of prosecutors, and ensuring that such 
     institutions are fully funded.
                                 ______
                                 
  SA 1232. Mr. CARDIN submitted an amendment intended to be proposed by 
him to the bill H.R. 1314, to amend the Internal Revenue Code of 1986 
to provide for a right to an administrative appeal relating to adverse 
determinations of tax-exempt status of certain organizations; which was 
ordered to lie on the table; as follows:

       In section 102(c)(4), insert before the end period the 
     following: ``, including a discussion of those activities 
     that strengthen good governance, rule of law, effective legal 
     regimes, and protections for internationally recognized human 
     rights''.
                                 ______
                                 
  SA 1233. Mr. SESSIONS submitted an amendment intended to be proposed 
to amendment SA 1221 proposed by Mr. Hatch to the bill H.R. 1314, to 
amend the Internal Revenue Code of 1986 to provide for a right to an 
administrative appeal relating to adverse determinations of tax-exempt 
status of certain organizations; which was ordered to lie on the table; 
as follows:

       On page 100, between lines 20 and 21, insert the following:
       (7) Requirement for congressional approval.--
       (A) In general.--Notwithstanding any other provision of 
     law, section 103(b)(3) of this Act and the provisions of 
     section 151 of the Trade Act of 1974 (19 U.S.C. 2191) 
     (relating to trade authorities procedures) shall not apply to 
     any bill implementing a trade agreement between the United 
     States and any other country or countries if such trade 
     agreement or implementing legislation contains any provision 
     that would permit, without the approval of Congress--
       (i) modifications, amendments, or additions to the 
     provisions of any such agreement or implementing legislation;
       (ii) modification of the parties to any such agreement;
       (iii) the adoption of an interpretation of any such 
     agreement, if such interpretation affects United States law 
     or policy; or
       (iv) the granting of a waiver of any obligation under any 
     such agreement, if such waiver affects United States law or 
     policy.
       (B) Point of order in senate.--
       (i) In general.--When the Senate is considering an 
     implementing bill, upon a point of order being made by any 
     Senator against any part of the implementing bill or trade 
     agreement that contains material in violation of subparagraph 
     (A), and the point of order is sustained by the Presiding 
     Officer, the Senate shall cease consideration of the 
     implementing bill under the trade authorities procedures 
     referred to in subparagraph (A).
       (ii) Waivers and appeals.--

       (I) Waivers.--Before the Presiding Officer rules on a point 
     of order described in clause (i), any Senator may move to 
     waive the point of order. Such motion to waive shall not be 
     subject to amendment. A point of order described in clause 
     (i) may only be waived by the affirmative vote of 60 Members 
     of the Senate, duly chosen and sworn.
       (II) Appeals.--After the Presiding Officer rules on a point 
     of order under this subparagraph, any Senator may appeal the 
     ruling of the Presiding Officer on the point of order as it 
     applies to some or all of the provisions on which the 
     Presiding Officer ruled. A ruling of the Presiding Officer on 
     a point of order described in clause (i) is sustained unless 
     a majority of the Members of the Senate, duly chosen and 
     sworn, vote not to sustain the ruling.
       (III) Debate.--Debate on a motion to waive under subclause 
     (I) or on an appeal of the ruling of the Presiding Officer 
     under subclause (II) shall be limited to 1 hour. Such time 
     shall be equally divided between, and controlled by, the 
     Majority Leader and the Minority Leader of the Senate, or 
     their designees.

       (C) In general.--In this paragraph, the term ``approval of 
     Congress'' means the affirmative vote of both chambers of 
     Congress in accordance with the applicable rules and 
     procedures of each chamber.
                                 ______
                                 
  SA 1234. Mr. SESSIONS submitted an amendment intended to be proposed 
to amendment SA 1221 proposed by Mr. Hatch to the bill H.R. 1314, to 
amend the Internal Revenue Code of 1986 to provide for a right to an 
administrative appeal relating to adverse determinations of tax-exempt 
status of certain organizations; which was ordered to lie on the table; 
as follows:

       On page 100, between lines 20 and 21, insert the following:
       (7) Limitation on immigration provisions.--Notwithstanding 
     any other provision of law, section 103(b)(3) of this Act and 
     section 151 of the Trade Act of 1974 (19 U.S.C. 2191) 
     (relating to trade authorities procedures) shall not apply to 
     any bill implementing a trade agreement between the United 
     States and any other country if the trade agreement or the 
     implementing bill contains any provision relating to the 
     immigration laws of the United States or the entry of aliens 
     into the United States.
       (8) Point of order in senate.--
       (A) In general.--When the Senate is considering an 
     implementing bill, upon a point of order being made by any 
     Senator against any part of the implementing bill or trade 
     agreement that contains material in violation of paragraph 
     (7), and the point of order is sustained by the Presiding 
     Officer, the Senate shall cease consideration of the 
     implementing bill under the trade authorities procedures 
     referred to in section 103(b)(3) of this Act or set forth in 
     section 151 of the Trade Act of 1974 (19 U.S.C. 2191).
       (B) Waivers and appeals.--
       (i) Waivers.--Before the Presiding Officer rules on a point 
     of order described in subparagraph (A), any Senator may move 
     to waive the point of order and the motion to waive shall not 
     be subject to amendment. A point of order described in 
     subparagraph (A) is waived only by the affirmative vote of 60 
     Members of the Senate, duly chosen and sworn.
       (ii) Appeals.--After the Presiding Officer rules on a point 
     of order under this subparagraph, any Senator may appeal the 
     ruling of the Presiding Officer on the point of order as it 
     applies to some or all of the provisions on which the 
     Presiding Officer ruled. A ruling of the Presiding Officer on 
     a point of order described in subparagraph (A) is sustained 
     unless a majority of the Members of the Senate, duly chosen 
     and sworn, vote not to sustain the ruling.
       (iii) Debate.--Debate on a motion to waive under clause (i) 
     or on an appeal of the ruling of the Presiding Officer under 
     clause (ii) shall be limited to 1 hour, which shall be 
     equally divided between, and controlled by, the Majority 
     Leader and the Minority Leader of the Senate, or their 
     designees.
                                 ______
                                 
  SA 1235. Mr. MARKEY submitted an amendment intended to be proposed by 
him to the bill H.R. 1314, to amend the Internal Revenue Code of 1986 
to provide for a right to an administrative appeal relating to adverse 
determinations of tax-exempt status of certain organizations; which was 
ordered to lie on the table; as follows:

       At the end of section 102(b), add the following:
       (21) Energy.--The principal negotiating objectives of the 
     United States with respect to trade in natural gas are--
       (A) to ensure that energy expenditures by consumers, 
     including households and businesses, in the United States do 
     not increase;
       (B) to protect key sectors of the United States economy 
     that are energy intensive and exposed to the effects of 
     trade, such as manufacturing, from price increases or job 
     losses;
       (C) to promote the energy security of the United States, 
     including the ability of the United States to reduce its 
     reliance on imported oil; and
       (D) to ensure that domestic natural gas supplies are used 
     to meet the future energy needs of the United States, 
     including through use in the transportation, industrial, and 
     electricity sectors of the United States.
                                 ______
                                 
  SA 1236. Mr. MARKEY submitted an amendment intended to be proposed by 
him to the bill H.R. 1314, to amend the Internal Revenue Code of 1986 
to provide for a right to an administrative

[[Page S2942]]

appeal relating to adverse determinations of tax-exempt status of 
certain organizations; which was ordered to lie on the table; as 
follows:

       At the end of section 106(b), add the following:
       (7) Limitation on trade authorities procedures for certain 
     agreements.--The trade authorities procedures shall not apply 
     to any implementing bill submitted with respect to a trade 
     agreement or trade agreements entered into under section 3(b) 
     if the agreement or agreements allow for national treatment 
     for trade in natural gas.
                                 ______
                                 
  SA 1237. Mr. LANKFORD submitted an amendment intended to be proposed 
to amendment SA 1221 proposed by Mr. Hatch to the bill H.R. 1314, to 
amend the Internal Revenue Code of 1986 to provide for a right to an 
administrative appeal relating to adverse determinations of tax-exempt 
status of certain organizations; as follows:

       At the end of section 2(a), add the following:
       (13) to take into account conditions relating to religious 
     freedom of any party to negotiations for a trade agreement 
     with the United States.
                                 ______
                                 
  SA 1238. Mr. HATCH submitted an amendment intended to be proposed to 
amendment SA 1221 proposed by Mr. Hatch to the bill H.R. 1314, to amend 
the Internal Revenue Code of 1986 to provide for a right to an 
administrative appeal relating to adverse determinations of tax-exempt 
status of certain organizations; which was ordered to lie on the table; 
as follows:

       Strike title II.
                                 ______
                                 
  SA 1239. Mrs. FEINSTEIN submitted an amendment intended to be 
proposed by her to the bill H.R. 1314, to amend the Internal Revenue 
Code of 1986 to provide for a right to an administrative appeal 
relating to adverse determinations of tax-exempt status of certain 
organizations; which was ordered to lie on the table; as follows:

       At the end, add the following:

                 TITLE III--TRADE PREFERENCES FOR NEPAL

     SEC. 301. SHORT TITLE.

       This title may be cited as the ``Nepal Trade Preferences 
     Act''.

     SEC. 302. ELIGIBILITY REQUIREMENTS.

       (a) In General.--The President may authorize the provision 
     of preferential treatment under this title to articles that 
     are imported directly from Nepal into the customs territory 
     of the United States pursuant to section 703 if the President 
     determines--
       (1) that Nepal meets the requirements set forth in 
     paragraphs (1), (2), and (3) of section 104(a) of the African 
     Growth and Opportunity Act (19 U.S.C. 3703(a)); and
       (2) after taking into account the factors set forth in 
     paragraphs (1) through (7) of subsection (c) of section 502 
     of the Trade Act of 1974 (19 U.S.C. 2462), that Nepal meets 
     the eligibility requirements of such section 502.
       (b) Withdrawal, Suspension, or Limitation of Preferential 
     Treatment; Mandatory Graduation.--The provisions of 
     subsections (d) and (e) of section 502 of the Trade Act of 
     1974 (19 U.S.C. 2462) shall apply with respect to Nepal to 
     the same extent and in the same manner as such provisions 
     apply with respect to beneficiary developing countries under 
     title V of that Act (19 U.S.C. 2461 et seq.).

     SEC. 303. ELIGIBLE ARTICLES.

       (a) Certain Manufactured and Other Articles.--
       (1) In general.--An article described in paragraph (2) may 
     enter the customs territory of the United States free of 
     duty.
       (2) Articles described.--
       (A) In general.--An article is described in this paragraph 
     if--
       (i) the article is the growth, product, or manufacture of 
     Nepal;
       (ii) the article is imported directly from Nepal into the 
     customs territory of the United States;
       (iii) the article is described in subparagraphs (B) through 
     (G) of subsection (b)(1) of section 503 of the Trade Act of 
     1974 (19 U.S.C. 2463);
       (iv) the President determines, after receiving the advice 
     of the United States International Trade Commission in 
     accordance with subsection (e) of that section, that the 
     article is not import-sensitive in the context of imports 
     from Nepal; and
       (v) subject to subparagraph (C), the sum of the cost or 
     value of the materials produced in, and the direct costs of 
     processing operations performed in, Nepal or the customs 
     territory of the United States is not less than 35 percent of 
     the appraised value of the article at the time it is entered.
       (B) Exclusions.--An article shall not be treated as the 
     growth, product, or manufacture of Nepal for purposes of 
     subparagraph (A)(i) by virtue of having merely undergone--
       (i) simple combining or packaging operations; or
       (ii) mere dilution with water or mere dilution with another 
     substance that does not materially alter the characteristics 
     of the article.
       (C) Limitation on united states cost.--For purposes of 
     subparagraph (A)(v), the cost or value of materials produced 
     in, and the direct costs of processing operations performed 
     in, the customs territory of the United States and attributed 
     to the 35-percent requirement under that subparagraph may not 
     exceed 15 percent of the appraised value of the article at 
     the time it is entered.
       (b) Textile and Apparel Articles.--
       (1) In general.--A textile or apparel article described in 
     paragraph (2) or (3) may enter the customs territory of the 
     United States free of duty.
       (2) Textile and apparel articles wholly assembled in 
     nepal.--
       (A) In general.--A textile or apparel article is described 
     in this paragraph if the textile or apparel article is--
       (i) wholly assembled in Nepal, without regard to the 
     country of origin of the yarn or fabric used to make the 
     articles; and
       (ii) imported directly from Nepal into the customs 
     territory of the United States.
       (B) Limitations.--
       (i) Low volume of imports.--If, during a calendar year, 
     imports of textile and apparel articles described in 
     subparagraph (A) from Nepal are less than 1 percent of the 
     aggregate square meter equivalents of all textile and apparel 
     articles imported into the customs territory of the United 
     States during that calendar year, such imports from Nepal may 
     be increased to an amount that is equal to not more than 1.5 
     percent of the aggregate square meter equivalents of all 
     textile and apparel articles imported into the customs 
     territory of the United States during that calendar year for 
     the succeeding calendar year.
       (ii) Higher volume of imports.--If, during a calendar year, 
     imports of textile and apparel articles described in 
     subparagraph (A) from Nepal are at least 1 percent of the 
     aggregate square meter equivalents of all textile and apparel 
     articles imported into the customs territory of the United 
     States during that calendar year, such imports from Nepal may 
     be increased by an amount that is equal to not more than \1/
     3\ of 1 percent of the aggregate square meter equivalents of 
     all textile and apparel articles imported into the customs 
     territory of the United States during that calendar year for 
     the succeeding calendar year.
       (iii) Aggregate country limit.--In no case may the 
     aggregate quantity of textile and apparel articles described 
     in subparagraph (A) imported into the customs territory of 
     the United States from Nepal during a calendar year under 
     this subsection exceed the applicable percentage set forth in 
     paragraph (4)(B) for that calendar year.
       (3) Handloomed, handmade, folklore articles and ethnic 
     printed fabrics.--
       (A) In general.--A textile or apparel article is described 
     in this paragraph if the textile or apparel article is--
       (i) imported directly from Nepal into the customs territory 
     of the United States;
       (ii) on a list of textile and apparel articles determined 
     by the President, after consultation with the Government of 
     Nepal, to be handloomed, handmade, folklore articles or 
     ethnic printed fabrics of Nepal; and
       (iii) certified as a handloomed, handmade, folklore article 
     or an ethnic printed fabric of Nepal by the competent 
     authority of Nepal.
       (B) Ethnic printed fabric.--For purposes of subparagraph 
     (A), an ethnic printed fabric of Nepal is fabric--
       (i) containing a selvedge on both edges and having a width 
     of less than 50 inches;
       (ii) classifiable under subheading 5208.52.30 or 5208.52.40 
     of the Harmonized Tariff Schedule of the United States;
       (iii) of a type that contains designs, symbols, and other 
     characteristics of Nepal--

       (I) normally produced for and sold in indigenous markets in 
     Nepal; and
       (II) normally sold in Nepal by the piece as opposed to 
     being tailored into garments before being sold in indigenous 
     markets in Nepal;

       (iv) printed, including waxed, in Nepal; and
       (v) formed in the United States from yarns formed in the 
     United States or formed in Nepal from yarns originating in 
     either the United States or Nepal.
       (4) Limitations on benefits.--
       (A) In general.--Preferential treatment under this 
     subsection shall be extended in the 1-year period beginning 
     January 1, 2016, and in each of the succeeding 10 1-year 
     periods, to imports of textile and apparel articles from 
     Nepal under this subsection in an amount not to exceed the 
     applicable percentage of the aggregate square meter 
     equivalents of all textile and apparel articles imported into 
     the customs territory of the United States in the most recent 
     12-month period for which data are available.
       (B) Applicable percentage.--For purposes of this paragraph, 
     the term ``applicable percentage'' means 1.5 percent for the 
     1-year period beginning January 1, 2016, increased in each of 
     the 10 succeeding 1-year periods by equal increments, so that 
     for the 1-year period beginning January 1, 2025, the 
     applicable percentage does not exceed 3.5 percent.
       (5) Surge mechanism.--The provisions of subparagraph (B) of 
     section 112(b)(3) of the African Growth and Opportunity Act 
     (19 U.S.C. 3721(b)(3)) shall apply to textile and apparel 
     articles imported from Nepal to which preferential treatment 
     is extended under this subsection to the same extent and in 
     the same manner that such provisions apply to textile and 
     apparel articles described in such section 112(b)(3) and 
     imported

[[Page S2943]]

     from a beneficiary sub-Saharan African country.
       (6) Special eligibility rules; protections against 
     transshipment.--The provisions of subsection (e) of section 
     112 and section 113 of the African Growth and Opportunity Act 
     (19 U.S.C. 3721 and 3722) shall apply to textile and apparel 
     articles imported from Nepal to which preferential treatment 
     is extended under this subsection to the same extent and in 
     the same manner that such provisions apply to textile and 
     apparel articles imported from beneficiary sub-Saharan 
     countries to which preferential treatment is extended under 
     such section 112.

     SEC. 304. REPORTING REQUIREMENT.

       The President shall monitor, review, and report to 
     Congress, not later than one year after the date of the 
     enactment of this Act, and annually thereafter, on the 
     implementation of this title and on the trade and investment 
     policy of the United States with respect to Nepal.

     SEC. 305. TERMINATION OF PREFERENTIAL TREATMENT.

       No preferential treatment extended under this title shall 
     remain in effect after December 31, 2025.

     SEC. 306. EFFECTIVE DATE.

       The provisions of this title shall take effect on January 
     1, 2016.
                                 ______
                                 
  SA 1240. Mr. McCONNELL (for Mr. Hatch) proposed an amendment to the 
bill H.R. 1295, to extend the African Growth and Opportunity Act, the 
Generalized System of Preferences, the preferential duty treatment 
program for Haiti, and for other purposes; as follows:

       Amend the title so as to read:
       ``An Act to extend the African Growth and Opportunity Act, 
     the Generalized System of Preferences, the preferential duty 
     treatment program for Haiti, and for other purposes.''
                                 ______
                                 
  SA 1241. Mr. McCONNELL (for Mr. Hatch) submitted an amendment 
intended to be proposed by Mr. McConnell to the bill H.R. 644, to 
reauthorize trade facilitation and trade enforcement functions and 
activities, and for other purposes; as follows:

       Amend the title so as to read:
       ``An Act to reauthorize trade facilitation and trade 
     enforcement functions and activities, and for other 
     purposes.''
                                 ______
                                 
  SA 1242. Mr. BROWN submitted an amendment intended to be proposed to 
amendment SA 1221 proposed by Mr. Hatch to the bill H.R. 1314, to amend 
the Internal Revenue Code of 1986 to provide for a right to an 
administrative appeal relating to adverse determinations of tax-exempt 
status of certain organizations; as follows:

       On page 118, strike lines 19 through 23, and insert the 
     following:
       (b) Training Funds.--
       (1) In general.--Section 236(a)(2)(A) of the Trade Act of 
     1974 (19 U.S.C. 2296(a)(2)(A)) is amended by striking ``shall 
     not exceed'' and all that follows and inserting ``shall not 
     exceed $575,000,000 for each of fiscal years 2015 through 
     2021.''.
       (2) Offset.--
       (A) Clarification of 6-year statute of limitations in case 
     of overstatement of basis.--Subparagraph (B) of Section 
     6501(e)(1) of the Internal Revenue Code of 1986 is amended--
       (i) by striking ``and'' at the end of clause (i), by 
     redesignating clause (ii) as clause (iii), and by inserting 
     after clause (i) the following new clause:
       ``(ii) An understatement of gross income by reason of an 
     overstatement of unrecovered cost or other basis is an 
     omission from gross income;'', and
       (ii) by inserting ``(other than in the case of an 
     overstatement of unrecovered cost or other basis)'' in clause 
     (iii) (as so redesignated) after ``In determining the amount 
     omitted from gross income'', and
       (iii) by inserting ``AMOUNT OMITTED FROM'' after 
     ``DETERMINATION OF'' in the heading thereof.
       (B) Effective date.--The amendments made by subparagraph 
     (A) shall apply to--
       (i) returns filed after the date of the enactment of this 
     Act; and
       (ii) returns filed on or before such date if the period 
     specified in section 6501 of the Internal Revenue Code of 
     1986 (determined without regard to such amendments for 
     assessment of the taxes with respect to which such return 
     relates has not expired as of such date.
                                 ______
                                 
  SA 1243. Mr. HATCH (for Mr. Flake) proposed an amendment to amendment 
SA 1221 proposed by Mr. Hatch to the bill H.R. 1314, to amend the 
Internal Revenue Code of 1986 to provide for a right to an 
administrative appeal relating to adverse determinations of tax-exempt 
status of certain organizations; as follows:

       Strike title II.
                                 ______
                                 
  SA 1244. Mr. DURBIN submitted an amendment intended to be proposed by 
him to the bill H.R. 1314, to amend the Internal Revenue Code of 1986 
to provide for a right to an administrative appeal relating to adverse 
determinations of tax-exempt status of certain organizations; which was 
ordered to lie on the table; as follows:

       At the appropriate place, insert the following:

     SEC. __. COMPREHENSIVE STRATEGY TO INCREASE UNITED STATES 
                   EXPORTS TO AFRICA.

       Not later than 180 days after the date of the enactment of 
     this Act, the President shall--
       (1) establish and implement a comprehensive strategy to 
     increase United States exports to Africa by not less than 200 
     percent in real dollar value during the 10-year period 
     beginning on such date of enactment; and
       (2) submit to Congress a report on the strategy.
                                 ______
                                 
  SA 1245. Mr. McCONNELL (for Mr. Sullivan) submitted an amendment 
intended to be proposed by Mr. McConnell to the bill H.R. 1314, to 
amend the Internal Revenue Code of 1986 to provide for a right to an 
administrative appeal relating to adverse determinations of tax-exempt 
status of certain organizations; which was ordered to lie on the table; 
as follows:

       At the end of section 102(b), add the following:
       (21) Energy negotiations.--The principal negotiating 
     objectives of the United States with respect to trade in 
     energy products and natural resources, including hydrocarbons 
     such as oil, gas, and coal, and mineral and timber resources, 
     are to obtain competitive opportunities for United States 
     exports of energy products and natural resources in foreign 
     markets substantially equivalent to the competitive 
     opportunities afforded foreign exports of energy products and 
     natural resources in United States markets and to achieve 
     fairer and more open conditions of trade in energy products 
     and natural resources.
                                 ______
                                 
  SA 1246. Mr. McCONNELL (for Mr. Sullivan) submitted an amendment 
intended to be proposed by Mr. McConnell to the bill H.R. 1314, to 
amend the Internal Revenue Code of 1986 to provide for a right to an 
administrative appeal relating to adverse determinations of tax-exempt 
status of certain organizations; which was ordered to lie on the table; 
as follows:

       At the end of section 102(b), add the following:
       (21) Fisheries negotiations.--The principal negotiating 
     objectives of the United States with respect to trade in 
     fish, seafood, and shellfish products are to obtain 
     competitive opportunities for United States exports of fish, 
     seafood, and shellfish products in foreign markets 
     substantially equivalent to the competitive opportunities 
     afforded foreign exports of fish, seafood, and shellfish 
     products in United States markets and to achieve fairer and 
     more open conditions of trade in fish, seafood, and shellfish 
     products.
                                 ______
                                 
  SA 1247. Mr. McCONNELL (for Mr. Sullivan) submitted an amendment 
intended to be proposed by Mr. McConnell to the bill H.R. 1314, to 
amend the Internal Revenue Code of 1986 to provide for a right to an 
administrative appeal relating to adverse determinations of tax-exempt 
status of certain organizations; which was ordered to lie on the table; 
as follows:

       In section 6(b), add at the end the following:
       (7) Limitations on procedures with respect to agreements 
     that change immigration laws.--The trade authorities 
     procedures shall not apply to any implementing bill submitted 
     with respect to a trade agreement or trade agreements entered 
     into under section 3(b) that makes any changes to the 
     immigration laws of the United States.
                                 ______
                                 
  SA 1248. Ms. CANTWELL submitted an amendment intended to be proposed 
to amendment SA 1221 proposed by Mr. Hatch to the bill H.R. 1314, to 
amend the Internal Revenue Code of 1986 to provide for a right to an 
administrative appeal relating to adverse determinations of tax-exempt 
status of certain organizations; which was ordered to lie on the table; 
as follows:

       At the end, add the following:

           TITLE III--EXPORT-IMPORT BANK OF THE UNITED STATES

     SEC. 301. SHORT TITLE.

       This title may be cited as the ``Export-Import Bank Reform 
     and Reauthorization Act of 2015''.

Subtitle A--Taxpayer Protection Provisions and Increased Accountability

     SEC. 311. REDUCTION IN AUTHORIZED AMOUNT OF OUTSTANDING 
                   LOANS, GUARANTEES, AND INSURANCE.

       Section 6(a) of the Export-Import Bank Act of 1945 (12 
     U.S.C. 635e(a)) is amended--
       (1) by redesignating paragraph (3) as paragraph (4); and
       (2) by striking paragraph (2) and inserting the following:
       ``(2) Applicable amount defined.--In this subsection, the 
     term `applicable amount', for

[[Page S2944]]

     each of fiscal years 2015 through 2019, means 
     $135,000,000,000.
       ``(3) Freezing of lending cap if default rate is 2 percent 
     or more.--If the rate calculated under section 8(g)(1) is 2 
     percent or more for a quarter, the Bank may not exceed the 
     amount of loans, guarantees, and insurance outstanding on the 
     last day of that quarter until the rate calculated under 
     section 8(g)(1) is less than 2 percent.''.

     SEC. 312. INCREASE IN LOSS RESERVES.

       (a) In General.--Section 6 of the Export-Import Bank Act of 
     1945 (12 U.S.C. 635e) is amended--
       (1) by redesignating subsection (b) as subsection (c); and
       (2) by inserting after subsection (a) the following:
       ``(b) Reserve Requirement.--The Bank shall build to and 
     hold in reserve, to protect against future losses, an amount 
     that is not less than 5 percent of the aggregate amount of 
     disbursed and outstanding loans, guarantees, and insurance of 
     the Bank.''.
       (b) Effective Date.--The amendment made by subsection (a) 
     shall take effect on the date that is one year after the date 
     of the enactment of this Act.

     SEC. 313. 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 later than 4 years 
     after the date of the enactment of the Export-Import Bank 
     Reform and Reauthorization Act of 2015, and every 4 years 
     thereafter, 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 a written report regarding the findings of the 
     review and providing such recommendations with respect to the 
     controls described in paragraph (1) as the Comptroller 
     General deems appropriate to--
       ``(A) the Committee on Banking, Housing, and Urban Affairs 
     and the Committee on Appropriations of the Senate; and
       ``(B) the Committee on Financial Services and the Committee 
     on Appropriations of the House of Representatives.''.

     SEC. 314. OFFICE OF ETHICS.

       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) Office of Ethics.--
       ``(1) Establishment.--There is established an Office of 
     Ethics within the Bank, which shall oversee all ethics issues 
     within the Bank.
       ``(2) Head of office.--
       ``(A) In general.--The head of the Office of Ethics shall 
     be the Chief Ethics Officer, who shall report to the Board of 
     Directors.
       ``(B) Appointment.--Not later than 180 days after the date 
     of the enactment of the Export-Import Bank Reform and 
     Reauthorization Act of 2015, the Chief Ethics Officer shall 
     be--
       ``(i) appointed by the President of the Bank from among 
     persons--

       ``(I) with a background in law who have experience in the 
     fields of law and ethics; and
       ``(II) who are not serving in a position requiring 
     appointment by the President of the United States before 
     being appointed to be Chief Ethics Officer; and

       ``(ii) approved by the Board.
       ``(C) Designated agency ethics official.--The Chief Ethics 
     Officer shall serve as the designated agency ethics official 
     for the Bank pursuant to the Ethics in Government Act of 1978 
     (5 U.S.C. App. 101 et seq.).
       ``(3) Duties.--The Office of Ethics has jurisdiction over 
     all employees of, and ethics matters relating to, the Bank. 
     With respect to employees of the Bank, the Office of Ethics 
     shall--
       ``(A) recommend administrative actions to establish or 
     enforce standards of official conduct;
       ``(B) refer to the Office of the Inspector General of the 
     Bank alleged violations of--
       ``(i) the standards of ethical conduct applicable to 
     employees of the Bank under parts 2635 and 6201 of title 5, 
     Code of Federal Regulations;
       ``(ii) the standards of ethical conduct established by the 
     Chief Ethics Officer; and
       ``(iii) any other laws, rules, or regulations governing the 
     performance of official duties or the discharge of official 
     responsibilities that are applicable to employees of the 
     Bank;
       ``(C) report to appropriate Federal or State authorities 
     substantial evidence of a violation of any law applicable to 
     the performance of official duties that may have been 
     disclosed to the Office of Ethics; and
       ``(D) render advisory opinions regarding the propriety of 
     any current or proposed conduct of an employee or contractor 
     of the Bank, and issue general guidance on such matters as 
     necessary.''.

     SEC. 315. CHIEF RISK OFFICER.

       Section 3 of the Export-Import Bank Act of 1945 (12 U.S.C. 
     635a), as amended by section 314, is further amended by 
     adding at the end the following:
       ``(l) Chief Risk Officer.--
       ``(1) In general.--There shall be a Chief Risk Officer of 
     the Bank, who shall--
       ``(A) oversee all issues relating to risk within the Bank; 
     and
       ``(B) report to the President of the Bank.
       ``(2) Appointment.--Not later than 180 days after the date 
     of the enactment of the Export-Import Bank Reform and 
     Reauthorization Act of 2015, the Chief Risk Officer shall 
     be--
       ``(A) appointed by the President of the Bank from among 
     persons--
       ``(i) with a demonstrated ability in the general management 
     of, and knowledge of and extensive practical experience in, 
     financial risk evaluation practices in large governmental or 
     business entities; and
       ``(ii) who are not serving in a position requiring 
     appointment by the President of the United States before 
     being appointed to be Chief Risk Officer; and
       ``(B) approved by the Board.
       ``(3) Duties.--The duties of the Chief Risk Officer are--
       ``(A) to be responsible for all matters related to managing 
     and mitigating all risk to which the Bank is exposed, 
     including the programs and operations of the Bank;
       ``(B) to establish policies and processes for risk 
     oversight, the monitoring of management compliance with risk 
     limits, and the management of risk exposures and risk 
     controls across the Bank;
       ``(C) to be responsible for the planning and execution of 
     all Bank risk management activities, including policies, 
     reporting, and systems to achieve strategic risk objectives;
       ``(D) to develop an integrated risk management program that 
     includes identifying, prioritizing, measuring, monitoring, 
     and managing internal control and operating risks and other 
     identified risks;
       ``(E) to ensure that the process for risk assessment and 
     underwriting for individual transactions considers how each 
     such transaction considers the effect of the transaction on 
     the concentration of exposure in the overall portfolio of the 
     Bank, taking into account fees, collateralization, and 
     historic default rates; and
       ``(F) to review the adequacy of the use by the Bank of 
     qualitative metrics to assess the risk of default under 
     various scenarios.''.

     SEC. 316. RISK MANAGEMENT COMMITTEE.

       (a) In General.--Section 3 of the Export-Import Bank Act of 
     1945 (12 U.S.C. 635a), as amended by sections 214 and 215, is 
     further amended by adding at the end the following:
       ``(m) Risk Management Committee.--
       ``(1) Establishment.--There is established a management 
     committee to be known as the `Risk Management Committee'.
       ``(2) Membership.--The membership of the Risk Management 
     Committee shall be the members of the Board of Directors, 
     with the President and First Vice President of the Bank 
     serving as ex officio members.
       ``(3) Duties.--The duties of the Risk Management Committee 
     shall be--
       ``(A) to oversee, in conjunction with the Office of the 
     Chief Financial Officer of the Bank--
       ``(i) periodic stress testing on the entire Bank portfolio, 
     reflecting different market, industry, and macroeconomic 
     scenarios, and consistent with common practices of commercial 
     and multilateral development banks; and
       ``(ii) the monitoring of industry, geographic, and obligor 
     exposure levels; and
       ``(B) to review all required reports on the default rate of 
     the Bank before submission to Congress under section 8(g).''.
       (b) Termination of Audit Committee.--Not later than 180 
     days after the date of the enactment of this Act, the Board 
     of Directors of the Export-Import Bank of the United States 
     shall revise the bylaws of the Bank to terminate the Audit 
     Committee established by section 7 of the bylaws.

     SEC. 317. INDEPENDENT AUDIT 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 section 3(l) 
     of the Export-Import Bank Act of 1945, as amended by section 
     315.
       (b) Report.--Not later than one year after the date of the 
     enactment of this Act, and not less frequently than every 3 
     years thereafter, the Inspector General 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 written report containing all findings 
     and determinations made in carrying out subsection (a).

     SEC. 318. PILOT PROGRAM FOR REINSURANCE.

       (a) In General.--Notwithstanding any provision of the 
     Export-Import Bank Act of 1945 (12 U.S.C. 635 et seq.), the 
     Export-Import Bank of the United States (in this section 
     referred to as the ``Bank'') may establish a pilot program 
     under which the Bank may enter into contracts and other 
     arrangements to share risks associated with the provision of 
     guarantees, insurance, or credit, or the participation in the 
     extension of credit, by the Bank under that Act.
       (b) Limitations on Amount of Risk-Sharing.--
       (1) Per contract or other arrangement.--The aggregate 
     amount of liability the Bank may transfer through risk-
     sharing pursuant to a contract or other arrangement entered 
     into under subsection (a) may not exceed $1,000,000,000.
       (2) Per year.--The aggregate amount of liability the Bank 
     may transfer through risk-sharing during a fiscal year 
     pursuant to contracts or other arrangements entered into

[[Page S2945]]

     under subsection (a) during that fiscal year may not exceed 
     $10,000,000,000.
       (c) Annual Reports.--Not later than one year after the date 
     of the enactment of this Act, and annually thereafter through 
     2019, the Bank shall submit to Congress a written report that 
     contains a detailed analysis of the use of the pilot program 
     carried out under subsection (a) during the year preceding 
     the submission of the report.
       (d) Rule of Construction.--Nothing in this section shall be 
     construed to affect, impede, or revoke any authority of the 
     Bank.
       (e) Termination.--The pilot program carried out under 
     subsection (a) shall terminate on September 30, 2019.

            Subtitle B--Promotion of Small Business Exports

     SEC. 321. INCREASE IN SMALL BUSINESS LENDING REQUIREMENTS.

       (a) In General.--Section 2(b)(1)(E)(v) of the Export-Import 
     Bank Act of 1945 (12 U.S.C. 635(b)(1)(E)(v)) is amended by 
     striking ``20 percent'' and inserting ``25 percent''.
       (b) Effective Date.--The amendment made by subsection (a) 
     shall apply with respect to fiscal year 2016 and each fiscal 
     year thereafter.

     SEC. 322. REPORT ON PROGRAMS FOR SMALL AND MEDIUM-SIZED 
                   BUSINESSES.

       (a) In General.--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) Report on Programs for Small and Medium-Sized 
     Businesses.--The Bank shall include in its annual report to 
     Congress under subsection (a) a report on the programs of the 
     Bank for United States businesses with less than $250,000,000 
     in annual sales.''.
       (b) Effective Date.--The amendment made by subsection (a) 
     shall apply with respect to the report of the Export-Import 
     Bank of the United States submitted to Congress under section 
     8 of the Export-Import Bank Act of 1945 (12 U.S.C. 635g) for 
     the first year that begins after the date of the enactment of 
     this Act.

                Subtitle C--Modernization of Operations

     SEC. 331. ELECTRONIC PAYMENTS AND DOCUMENTS.

       Section 2(b)(1) of the Export-Import Bank Act of 1945 (12 
     U.S.C. 635(b)(1)) is amended by adding at the end the 
     following:
       ``(M) Not later than 2 years after the date of the 
     enactment of the Export-Import Bank Reform and 
     Reauthorization Act of 2015, the Bank shall implement 
     policies--
       ``(i) to accept electronic documents with respect to 
     transactions whenever possible, including copies of bills of 
     lading, certifications, and compliance documents, in such 
     manner so as not to undermine any potential civil or criminal 
     enforcement related to the transactions; and
       ``(ii) to accept electronic payments in all of its 
     programs.''.

     SEC. 332. 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 paragraph (1), in the matter preceding subparagraph 
     (A), by striking ``2012, 2013, and 2014'' and inserting 
     ``2015 through 2019'';
       (2) in paragraph (2)(B), by striking ``(I) the funds'' and 
     inserting ``(i) the funds''; and
       (3) in paragraph (3), by striking ``2012, 2013, and 2014'' 
     and inserting ``2015 through 2019''.

                     Subtitle D--General Provisions

     SEC. 341. EXTENSION OF AUTHORITY.

       (a) In General.--Section 7 of the Export-Import Bank Act of 
     1945 (12 U.S.C. 635f) is amended by striking ``2014'' and 
     inserting ``2019''.
       (b) Dual-Use Exports.--Section 1(c) of Public Law 103-428 
     (12 U.S.C. 635 note) is amended by striking ``September 30, 
     2014'' and inserting ``the date on which the authority of the 
     Export-Import Bank of the United States expires under section 
     7 of the Export-Import Bank Act of 1945 (12 U.S.C. 635f)''.
       (c) 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 on which the authority of 
     the Bank expires under section 7''.
       (d) Effective Date.--The amendments made by this section 
     shall take effect on the earlier of the date of the enactment 
     of this Act or June 30, 2015.

     SEC. 342. CERTAIN UPDATED LOAN TERMS AND AMOUNTS.

       (a) Loan Terms for Medium-Term Financing.--Section 
     2(a)(2)(A) of the Export-Import Bank Act of 1945 (12 U.S.C. 
     635(a)(2)(A)) is amended--
       (1) in clause (i), by striking ``; and'' and inserting a 
     semicolon; and
       (2) by adding at the end the following:
       ``(iii) with principal amounts of not more than 
     $25,000,000; and''.
       (b) Competitive Opportunities Relating to Insurance.--
     Section 2(d)(2) of the Export-Import Bank Act of 1945 (12 
     U.S.C. 635(d)(2)) is amended by striking ``$10,000,000'' and 
     inserting ``$25,000,000''.
       (c) Export Amounts for Small Business Loans.--Section 
     3(g)(3) of the Export-Import Bank Act of 1945 (12 U.S.C. 
     635a(g)(3)) is amended by striking ``$10,000,000'' and 
     inserting ``$25,000,000''.
       (d) Consideration of Environmental Effects.--Section 
     11(a)(1)(A) of the Export-Import Bank Act of 1945 (12 U.S.C. 
     635i-5(a)(1)(A)) is amended by striking ``$10,000,000 or 
     more'' and inserting the following: ``$25,000,000 (or, if 
     less than $25,000,000, the threshold established pursuant to 
     international agreements, including the Common Approaches for 
     Officially Supported Export Credits and Environmental and 
     Social Due Diligence, as adopted by the Organisation for 
     Economic Co-operation and Development Council on June 28, 
     2012, and the risk-management framework adopted by financial 
     institutions for determining, assessing, and managing 
     environmental and social risk in projects (commonly referred 
     to as the `Equator Principles')) or more''.
       (e) Effective Date.--The amendments made by this section 
     shall apply with respect to fiscal year 2016 and each fiscal 
     year thereafter.

                       Subtitle E--Other Matters

     SEC. 351. PROHIBITION ON DISCRIMINATION BASED ON INDUSTRY.

       Section 2 of the Export-Import Bank Act of 1945 (6 U.S.C. 
     635 et seq.) is amended by adding at the end the following:
       ``(k) Prohibition on Discrimination Based on Industry.--
       ``(1) In general.--Except as provided in this Act, the Bank 
     may not--
       ``(A) deny an application for financing based solely on the 
     industry, sector, or business that the application concerns; 
     or
       ``(B) promulgate or implement policies that discriminate 
     against an application based solely on the industry, sector, 
     or business that the application concerns.
       ``(2) Applicability.--The prohibitions under paragraph (1) 
     apply only to applications for financing by the Bank for 
     projects concerning the exploration, development, production, 
     or export of energy sources and the generation or 
     transmission of electrical power, or combined heat and power, 
     regardless of the energy source involved.''.

     SEC. 352. NEGOTIATIONS TO END EXPORT CREDIT FINANCING.

       (a) In General.--Section 11 of the Export-Import Bank 
     Reauthorization Act of 2012 (12 U.S.C. 635a-5) is amended--
       (1) in subsection (a)--
       (A) in the matter preceding paragraph (1), by striking 
     ``Secretary of the Treasury (in this section referred to as 
     the `Secretary')'' and inserting ``President''; and
       (B) in paragraph (1)--
       (i) by striking ``(OECD)'' and inserting ``(in this section 
     referred to as the `OECD')''; and
       (ii) by striking ``ultimate goal of eliminating'' and 
     inserting ``possible goal of eliminating, before the date 
     that is 10 years after the date of the enactment of the 
     Export-Import Bank Reform and Reauthorization Act of 2015,'';
       (2) in subsection (b), by striking ``Secretary'' each place 
     it appears and inserting ``President''; and
       (3) by adding at the end the following:
       ``(c) Report on Strategy.--Not later than 180 days after 
     the date of the enactment of the Export-Import Bank Reform 
     and Reauthorization Act of 2015, the President shall submit 
     to Congress a proposal, and a strategy for achieving the 
     proposal, that the United States Government will pursue with 
     other major exporting countries, including OECD members and 
     non-OECD members, to eliminate over a period of not more than 
     10 years subsidized export-financing programs, tied aid, 
     export credits, and all other forms of government-supported 
     export subsidies.
       ``(d) Negotiations With Non-OECD Members.--The President 
     shall initiate and pursue negotiations with countries that 
     are not OECD members to bring those countries into a 
     multilateral agreement establishing rules and limitations on 
     officially supported export credits.
       ``(e) Annual Reports on Progress of Negotiations.--Not 
     later than 180 days after the date of the enactment of the 
     Export-Import Bank Reform and Reauthorization Act of 2015, 
     and annually thereafter through calendar year 2019, the 
     President 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 
     (d).''.
       (b) Effective Date.--The amendments made by paragraphs (1) 
     and (2) of subsection (a) shall apply with respect to reports 
     required to be submitted under section 11(b) of the Export-
     Import Bank Reauthorization Act of 2012 (12 U.S.C. 635a-5(b)) 
     after the date of the enactment of this Act.

     SEC. 353. STUDY OF FINANCING FOR INFORMATION AND 
                   COMMUNICATIONS TECHNOLOGY SYSTEMS.

       (a) Analysis of Information and Communications Technology 
     Industry Use of Bank Products.--The Export-Import Bank of the 
     United States (in this section referred to as the ``Bank'') 
     shall conduct a study of the extent to which the products 
     offered by the Bank are available and used by companies that 
     export information and communications technology services and 
     related goods.
       (b) Elements.--In conducting the study required by 
     subsection (a), the Bank shall examine the following:
       (1) The number of jobs in the United States that are 
     supported by the export of information and communications 
     technology services and related goods, and the degree to 
     which access to financing will increase exports of such 
     services and related goods.
       (2) The reduction in the financing by the Bank of exports 
     of information and communications technology services from 
     2003 through 2014.
       (3) The activities of foreign export credit agencies to 
     facilitate the export of information and communications 
     technology services and related goods.

[[Page S2946]]

       (4) Specific proposals for how the Bank could provide 
     additional financing for the exportation of information and 
     communications technology services and related goods through 
     risk-sharing with other export credit agencies and other 
     third parties.
       (5) Proposals for new products the Bank could offer to 
     provide financing for exports of information and 
     communications technology services and related goods, 
     including--
       (A) the extent to which the Bank is authorized to offer new 
     products;
       (B) the extent to which the Bank would need additional 
     authority to offer new products to meet the needs of the 
     information and communications technology industry;
       (C) specific proposals for changes in law that would enable 
     the Bank to provide increased financing for exports of 
     information and communications technology services and 
     related goods in compliance with the credit and risk 
     standards of the Bank;
       (D) specific proposals that would enable the Bank to 
     provide increased outreach to the information and 
     communications technology industry about the products the 
     Bank offers; and
       (E) specific proposals for changes in law that would enable 
     the Bank to provide the financing to build information and 
     communications technology infrastructure, in compliance with 
     the credit and risk standards of the Bank, to allow for 
     market access opportunities for United States information and 
     communications technology companies to provide services on 
     the infrastructure being financed by the Bank.
       (c) Report.--Not later than 180 days after the date of the 
     enactment of this Act, the Bank shall submit to Congress a 
     report that contains the results of the study required by 
     subsection (a).

                          ____________________