Sec. 16. REPORT ON ROLE OF PRIVATE INSURANCE

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## SEC. 16 REPORT ON ROLE OF PRIVATE INSURANCE Not later than October 1, 1987, the Export-Import Bank of the United States and the Office of Management and Budget shall jointly prepare and transmit to the Congress, and the General Accounting Office shall prepare and transmit to the Congress, reports analyzing— ####

(1)the need for United States Government involvement in export credit insurance, considering the current activities of private insurance companies in this area, private insurance industry trends over the longer term, and ways in which private insurance companies can be encouraged by the Bank to maximize export credit insurance activities; ####

(2)the need to employ an agent in administering government-supported insurance programs which are determined to be necessary; and ####

(3)the efficiency and effectiveness of continuing to utilize the Foreign Credit Insurance Association as the Bank's agent (including an analysis of the administrative and economic cost to the government and the Bank of maintaining the Foreign Credit Insurance Association).