[Congressional Record Volume 161, Number 116 (Thursday, July 23, 2015)]
[Senate]
[Pages S5552-S5553]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 2318. Mr. TOOMEY 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:
At the appropriate place, insert the following:
TITLE __EXPORT-IMPORT BANK OF THE UNITED STATES
SEC. __01. SHORT TITLE.
This title may be cited as the ``Restoring Competition in
Export Financing Act of 2015''.
SEC. __02. 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 ``September 30,
2014'' and inserting ``June 30, 2025''.
(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 ``June 30, 2025''.
(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 ``June 30, 2025''.
SEC. __03. AGGREGATE LOAN, GUARANTEE, AND INSURANCE
AUTHORITY.
(a) In General.--Section 6(a)(2) of the Export-Import Bank
Act of 1945 (12 U.S.C. 635e(a)(2)) is amended to read as
follows:
``(2) Applicable amount.--In paragraph (1), the term
`applicable amount' means--
``(A) during fiscal year 2015, $120,000,000,000;
``(B) during fiscal year 2016, $115,000,000,000;
``(C) during fiscal year 2017, $103,500,000,000;
``(D) during fiscal year 2018, $92,000,000,000;
``(E) during fiscal year 2019, $80,500,000,000;
``(F) during fiscal year 2020, $69,000,000,000;
``(G) during fiscal year 2021, $57,500,000,000;
``(H) during fiscal year 2022, $46,000,000,000;
``(I) during fiscal year 2023, $34,500,000,000;
``(J) during fiscal year 2024, $23,000,000,000; and
``(K) during fiscal year 2025, $11,500,000,000.''.
(b) Measures To Ensure Compliance.--Section 6(a) of the
Export-Import Bank Act of 1945 (12 U.S.C. 635e(a)), as
amended by subsection (a), is further amended--
(1) by redesignating paragraph (3) as paragraph (5); and
(2) by inserting after paragraph (2) the following:
``(3) Authority to sell seasoned loans and guarantees to
comply with limitation.--The Bank may sell seasoned loans and
[[Page S5553]]
guarantees to private investors to comply with the decreasing
limitation on outstanding loans, guarantees, and insurance
under this subsection.
``(4) Consequences of exceeding limitation.--
``(A) In general.--If the Bank exceeds the limitation on
outstanding loans, guarantees, and insurance under this
subsection in a fiscal year, the Bank--
``(i) may not provide any new loans, guarantees, or
insurance on or after the date on which the Bank exceeds that
limitation; and
``(ii) the President of the Bank shall submit to Congress a
report describing the reasons the Bank exceeded that
limitation and the efforts of the Bank to come into
compliance with the limitation.
``(B) Testimony.--The Committee on Banking, Housing, and
Urban Affairs of the Senate and the Committee on Financial
Services of the House of Representatives may compel the
President of the Bank to testify with respect to a report
described in subparagraph (A)(ii).''.
SEC. __04. REPORT ON WINDING DOWN OF OPERATIONS.
(a) Report by Export-Import Bank.--Not later than one year
after the date of the enactment of this Act, the Export-
Import Bank of the United States shall submit to Congress and
the Comptroller General of the United States a plan on how
the Bank plans--
(1) to manage the orderly wind-down of the portfolio and
operations of the Bank by June 30, 2025; and
(2) to comply with the decreasing limitation on the
aggregate loan, guarantee, and insurance authority of the
Bank under section 6(a) of the Export-Import Bank Act of
1945, as amended by section __03.
(b) Report by Comptroller General of the United States.--
After receiving the report required by subsection (a), the
Comptroller General of the United States shall submit to
Congress an assessment of the plan and such recommendations
as the Comptroller General considers appropriate with respect
to the plan and the orderly wind-down of the portfolio and
operations of the Export-Import Bank of the United States.
SEC. __05. EFFECTIVE DATE.
The provisions of and amendments made by this title shall
take effect on June 30, 2015.
______