Sec. 11. Restriction on financing for certain entities
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Section 2 of the Export-Import Bank Act of 1945 ( 12 U.S.C. 635 ) is amended by adding at the end the following: Beginning on the date that is 180 days after the date of the enactment of this subsection, the Board of Directors may not approve a transaction that is subject to approval by the Board with respect to the provision by the Agency of any guarantee, insurance, or extension of credit, or the participation by the Agency in any extension of credit for which the end user, obligor, or lender is described in paragraph (2).
An end user, obligor, or lender is described in this paragraph if the end user, obligor, or lender is known to the Agency to be: The People’s Liberation Army of the People’s Republic of China. The Ministry of State Security of the People’s Republic of China. Included on the Denied Persons List or the Entity List maintained by the Bureau of Industry and Security of the Department of Commerce. Included on the Arms Export Control Act debarred list maintained by the Directorate of Defense Trade Controls of the Department of State.
Any person who has paid a criminal fine or penalty pursuant to a conviction or resolution or settlement agreement with the Department of Justice for a violation of the Foreign Corrupt Practices Act in the preceding 3 years. A person who, in the preceding 3 years, appeared on the Annual Intellectual Property Report to Congress by the Intellectual Property Enforcement Coordinator in the Executive Office of the President, if the person was convicted in any court. In this subsection:
The term person means an individual or entity. The term entity means a partnership, association, trust, joint venture, corporation, group, subgroup, or other organization. .
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Sec. 11
Restriction on financing for certain entities
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