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Code · BILL · 114th Congress · H.R. 597 (Introduced in House) — To reauthorize the Export-Import Bank of the United States, and for other purposes. · Sec. 204

Sec. 204. Negotiations to end export credit financing

292 words·~1 min read·/bill/114/hr/597/ih/section-204·

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Section 11 of the Export-Import Bank Reauthorization Act of 2012 ( 12 U.S.C. 635i–5 ) is amended— in subsection (a)— by striking Secretary of the Treasury (in this section referred to as the and inserting Secretary ) President ; and in paragraph (1), by striking goal of eliminating and inserting possible goal of eliminating, before the end of the 10-year period beginning on the date of the enactment of the Reform Exports and Expand the American Economy Act, ; in subsection (b), by striking Secretary each place such term appears and inserting President ; and by adding at the end the following:
Not later than the end of the 180-day period beginning on the date of the enactment of this subsection, the President shall submit to the Congress a proposal, together with a strategy for achieving the proposal, that the United States Government will pursue with other major exporting countries, including members of the Organisation for Economic Co-operation and Development
(OECD)and non-members of the OECD, 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. The President shall initiate and pursue negotiations with countries that are not members of the Organisation for Economic Co-operation and Development (OECD), to bring the non-members into a multilateral agreement establishing rules and limitations on officially supported export credits. Not later than 180 days after the date of the enactment of this subsection, and annually thereafter through calendar year 2019, the Secretary 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). .
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  • 12 USC 635i–5
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Sec. 204
Negotiations to end export credit financing
Cite12 USC 635i–5
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