[Congressional Record Volume 161, Number 116 (Thursday, July 23, 2015)]
[Senate]
[Pages S5544-S5545]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 2295. Mr. RUBIO submitted an amendment intended to be proposed by
him to the bill H.R. 22, to amend the Internal Revenue Code of 1986 to
exempt employees with health coverage under TRICARE or the Veterans
Administration from being taken into account for purposes of
determining the employers to which the employer mandate applies under
the Patient Protection and Affordable Care Act; which was ordered to
lie on the table; as follows:
In lieu of the matter proposed to be inserted, insert the
following:
TITLE __--TERMINATION OF EXPORT-IMPORT BANK OF THE UNITED STATES
SEC. __01. ABOLISHMENT OF EXPORT-IMPORT BANK OF THE UNITED
STATES.
(a) In General.--Effective on the abolishment date:
(1) Abolishment.--The Export-Import Bank of the United
States (in this title referred to as the ``Bank'') is
abolished.
(2) Transfer of functions.--All functions that, on the day
before the abolishment date are authorized to be performed by
the Bank, the Board of Directors of the Bank, any officer or
employee of the Bank acting in that capacity, or any agency
or office of the Bank, are transferred to the Secretary of
the Treasury (in this title referred to as the
``Secretary'').
(3) Transfer of assets and obligations.--Except as
otherwise provided in this title, the obligations, assets,
personnel, property, records, and unexpended balances of
appropriations, allocations, and other funds employed, used,
held, available, or to be made available in connection with a
function transferred under paragraph (2) are transferred to
the Secretary.
(b) Abolishment Date Defined.--In this title, the term
``abolishment date'' means the date that is 30 days after the
date of the enactment of this Act.
SEC. __02. RESOLUTION AND TERMINATION OF BANK FUNCTIONS.
(a) Resolution of Functions.--The Secretary shall--
(1) complete the disposition and resolution of functions of
the Bank in accordance with this title; and
(2) resolve all functions that are transferred to the
Secretary under section __01.
(b) Termination of Functions.--All functions that are
transferred to the Secretary under section __01 shall
terminate on the date all obligations of the Bank, and all
obligations of others to the Bank, in effect on the day
before the abolishment date have been sold under section __03
or otherwise satisfied, as determined by the Secretary.
(c) Report to the Congress.--When the Secretary makes the
determination described in subsection (b), the Secretary
shall report the determination to the Committee on Financial
Services of the House of Representatives and the Committee on
Banking, Housing, and Urban Affairs of the Senate.
SEC. __03. AUCTION OF BANK ASSETS AND OBLIGATIONS.
(a) In General.--Not later than 30 days after the assets
and obligations of the Bank are transferred to the Secretary
under this title, the Secretary shall conduct an auction to
sell such assets and obligations to non-Federal entities.
(b) Remaining Assets and Obligations.--The Secretary shall
service any assets and obligations not sold pursuant to
subsection (a) until such assets and obligations reach
maturity.
(c) Deposit in General Fund.--The proceeds of the auction
required by subsection (a) shall be deposited in the general
fund of the Treasury and used for the purpose of deficit
reduction.
SEC. __04. AUTHORITY AND RESPONSIBILITY OF THE SECRETARY OF
THE TREASURY.
The Secretary shall--
(1) be responsible for the implementation of this title;
and
(2) have the authority to carry out any tasks necessary to
provide for the transfer of any assets or obligations under
section __01 or the auction required by section __03.
SEC. __05. PERSONNEL.
Effective on the abolishment date, there are transferred to
the Department of the Treasury all individuals, other than
members of the Board of Directors of the Bank, who--
(1) immediately before the abolishment date, were officers
or employees of the Bank; and
(2) in their capacity as such an officer or employee,
performed functions that are transferred to the Secretary
under section __01.
SEC. __06. TRANSFER OF INSPECTOR GENERAL DUTIES.
(a) Termination of the Office of Inspector General for the
Export-Import Bank of the United States.--Notwithstanding any
other provision of law, the Office of Inspector General for
the Bank shall terminate on the abolishment date, and the
assets and obligations of the Office shall be transferred to
the Office of the Inspector General for the Department of the
Treasury or otherwise disposed of.
[[Page S5545]]
(b) Authority and Responsibility for Transfer or
Disposal.--The Secretary shall have the authority and
responsibility for transfer or disposal under subsection (a).
(c) Savings Provision.--The provisions of this section
shall not affect the performance of any pending audit,
investigation, inspection, or report by the Office of the
Inspector General for the Bank as of the abolishment date,
with respect to functions transferred by this section.
Nothing in this subsection shall be deemed to prohibit the
discontinuance or modification of any performance under the
same terms and conditions and to the same extent that such
performance could have been discontinued or modified if this
section had not been enacted.
SEC. __07. EXERCISE OF AUTHORITIES.
Except as otherwise provided by law, the Secretary may, for
purposes of performing a function transferred by this title,
exercise all authorities under any other provision of law
that were available with respect to the performance of that
function to the Bank on the day before the effective date of
the transfer of the function under this title.
SEC. __08. AVAILABILITY OF EXISTING FUNDS.
(a) In General.--Existing appropriations and funds
available for the performance of functions, programs, and
activities terminated pursuant to this title shall remain
available, for the duration of their period of availability,
for necessary expenses in connection with the termination and
resolution of such functions, programs, and activities.
(b) Deposit in General Fund.--Any appropriations or other
funds described in subsection (a) not used for necessary
expenses in connection with the termination and resolution of
functions, programs, and activities under this title shall be
deposited in the general fund of the Treasury and used for
the purpose of deficit reduction.
SEC. __09. CONFORMING AMENDMENTS AND REPEALS.
(a) Repeal of Primary Authorizing Statute.--The Export-
Import Bank Act of 1945 (12 U.S.C. 635 et seq.) is repealed.
(b) Elimination of Related Authorizing Provisions.--
(1) Section 103 of the International Development and
Finance Act of 1989 (Public Law 101-240; 12 U.S.C. 635 note)
is repealed.
(2) Section 303 of the Support for East European Democracy
(SEED) Act of 1989 (Public Law 101-179; 12 U.S.C. 635 note)
is repealed.
(3) Section 1908 of the Export-Import Bank Act Amendments
of 1978 (12 U.S.C. 635a-1) is amended--
(A) by striking ``(a)''; and
(B) by striking subsection (b).
(4) Sections 1911 and 1912 of the Export-Import Bank Act
Amendments of 1978 (12 U.S.C. 635a-2 and 635a-3) are
repealed.
(5) Section 206 of the Bank Export Services Act (12 U.S.C.
635a-4) is repealed.
(6) Sections 1 through 5 of Public Law 90-390 (12 U.S.C.
635j through 635n) are repealed.
(7) Sections 641 through 647 of the Trade and Development
Enhancement Act of 1983 (12 U.S.C. 635o note and 12 U.S.C.
536o through 635t) are repealed.
(8) Section 534 of the Foreign Operations, Export
Financing, and Related Programs Appropriations Act, 1990
(Public Law 101-167; 12 U.S.C. 635g note) is amended by
striking subsection (d).
(9) Section 3302 of the Omnibus Trade and Competitiveness
Act of 1988 (Public Law 100-418; 12 U.S.C. 635i-3 note) is
amended by striking subsection (a).
(10) Section 1105(a) of title 31, United States Code, is
amended by striking paragraph (34) and redesignating the
succeeding paragraphs of such section as paragraphs (34)
through (38), respectively.
(11) Section 9101(3) of title 31, United States Code, is
amended by striking subparagraph (C).
(c) Elimination of Related Compensation Provisions.--
(1) Position at level iii.--Section 5314 of title 5, United
States Code, is amended by striking the following item:
``President of the Export-Import Bank of Washington.''.
(2) Positions at level iv.--Section 5315 of title 5, United
States Code, is amended--
(A) by striking the following item:
``First Vice President of the Export-Import Bank of
Washington.''; and
(B) by striking the following item:
``Members, Board of Directors of the Export-Import Bank of
Washington.''.
(d) Elimination of Office of Inspector General for the
Bank.--Section 12 of the Inspector General Act of 1978 (5
U.S.C. App.) is amended--
(1) in paragraph (1), by striking ``the President of the
Export-Import Bank;''; and
(2) in paragraph (2), by striking ``the Export-Import
Bank,''.
(e) Effective Date.--The repeals and amendments made by
this section shall take effect on the abolishment date.
(f) Report to the Congress on Other Amendments to Federal
Statute.--The Secretary shall submit to the Committee on
Financial Services of the House of Representatives and the
Committee on Banking, Housing, and Urban Affairs of the
Senate a written report that contains suggestions for such
other amendments to Federal statutes as may be necessary or
appropriate as a result of this title.
SEC. __10. REFERENCES.
Any reference in any other Federal law, Executive order,
rule, regulation, or delegation of authority, or any document
of or pertaining to Bank shall be deemed to be a reference to
the Secretary.
______