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                                                       Calendar No. 141
107th CONGRESS
  1st Session
                                S. 1372

                          [Report No. 107-52]

      To reauthorize the Export-Import Bank of the United States.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             August 3, 2001

  Mr. Sarbanes, from the Committee on Banking, reported the following 
     original bill; which was read twice and placed on the calendar

_______________________________________________________________________

                                 A BILL


 
      To reauthorize the Export-Import Bank of the United States.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Export-Import Bank Reauthorization 
Act of 2001''.

SEC. 2. EXTENSION OF AUTHORITY.

    Section 7 of the Export-Import Bank Act of 1945 (12 U.S.C. 635f) is 
amended by striking ``2001'' and inserting ``2006''.

SEC. 3. 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 to read as follows:
            ``(iii) The sub-Saharan Africa advisory committee shall 
        terminate on September 30, 2006.''.

SEC. 4. GUARANTEES, INSURANCE, EXTENSION OF CREDIT.

    Section 2(b)(1)(A) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635(b)(1)(A)) is amended--
            (1) in the fourth sentence, by striking ``on an annual 
        basis'' and inserting ``not later than June 30 each year'';
            (2) in the fifth sentence, by inserting ``(including 
        through use of market windows)'' after ``United States 
        exporters''; and
            (3) by inserting after the fifth sentence, the following 
        new sentence: ``With respect to the proceeding sentence, the 
        Bank shall use all available information to estimate the annual 
        amount of export financing available from other governments and 
        government-related agencies.''.

SEC. 5. FINANCING FOR SMALL BUSINESS.

    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 ``10'' and inserting 
``18''.

SEC. 6. MARKET WINDOWS.

    The Export-Import Bank Act of 1945 (12 U.S.C. 635 et seq.) is 
amended by adding at the end the following new section:

``SEC. 15. MARKET WINDOWS.

    ``(a) Enhanced Transparency.--To ensure that the Bank financing 
remains fully competitive, the United States should seek enhanced 
transparency over the activities of market windows in the OECD Export 
Credit Arrangement. If such transparency indicates that market windows 
are disadvantaging United States exporters, the United States should 
seek negotiations for multilateral disciplines and transparency within 
the OECD Export Credit Arrangement.
    ``(b) Authorization.--The Bank is authorized to provide financing 
on terms and conditions that are inconsistent with those permitted 
under the OECD Export Credit Arrangement--
            ``(1) to match financing terms and conditions that are 
        being offered by market windows on terms that are inconsistent 
        with those permitted under the OECD Export Credit Arrangement, 
        if--
                    ``(A) matching such terms and conditions advances 
                the negotiations for multilateral disciplines and 
                transparency within the OECD Export Credit Arrangement; 
                or
                    ``(B) transparency verifies that the market window 
                financing is being offered on terms that are more 
                favorable than the terms and conditions that are 
                available from private financial markets; and
            ``(2) when the foreign government-supported institution 
        refuses to provide sufficient transparency to permit the Bank 
        to make a determination under paragraph (1).
    ``(c) Definition.--In this section, the term `OECD' means the 
Organization for Economic Cooperation and Development.''.




                                                       Calendar No. 141

107th CONGRESS

  1st Session

                                S. 1372

                          [Report No. 107-52]

_______________________________________________________________________

                                 A BILL

      To reauthorize the Export-Import Bank of the United States.

_______________________________________________________________________

                             August 3, 2001

                 Read twice and placed on the calendar

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