Sec. 15. REVIEW AND REPORT ON DOMESTIC CONTENT POLICY

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## SEC. 15 REVIEW AND REPORT ON DOMESTIC CONTENT POLICY ###

(a)In General The Export-Import Bank of the United States shall conduct a review of its domestic content policy for medium- and long-term transactions. The review shall examine and evaluate the effectiveness of the Bank’s policy— ####

(1)in maintaining and creating jobs in the United States; and ####

(2)in contributing to a stronger national economy through the export of goods and services. ###

(b)Factors to Consider In conducting the review under subsection (a), the Bank shall consider the following: ####

(1)Whether the domestic content policy accurately captures the costs of United States production of goods and services, including the direct and indirect costs of manufacturing costs, parts, components, materials and supplies, research, planning engineering, design, development, production, return on investment, marketing and other business costs and the effect of such policy on the maintenance and creation of jobs in the United States. ####

(2)The ability of the Bank to provide financing that is competitive with the financing provided by foreign export credit agencies and the impact that such financing has in enabling companies with operations in the United States to contribute to a stronger United States economy by increasing employment through the export of goods and services. ####

(3)The effects of the domestic content policy on the manufacturing and service workforce of the United States. ####

(4)Any recommendations the members of the Bank’s Advisory Committee have regarding the Bank’s domestic content policy. ####

(5)The effect that changes to the Bank’s domestic content requirements would have in providing companies an incentive to create and maintain operations in the United States and to increase jobs in the United States. ###

(c)Report Not later than 1 year after the date of the enactment of this Act, the Bank shall submit a report on the results of the review conducted under this section to the Committee on Banking, Housing, and Urban Affairs of the Senate, and the Committee on Financial Services of the House of Representatives.