Sec. 21. FINANCING FOR GOODS MANUFACTURED IN THE UNITED STATES USED IN GLOBAL TEXTILE AND APPAREL SUPPLY CHAINS
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## SEC. 21 FINANCING FOR GOODS MANUFACTURED IN THE UNITED STATES USED IN GLOBAL TEXTILE AND APPAREL SUPPLY CHAINS ###
(a)Analysis of Textile Industry Use of Bank Products The Export-Import Bank of the United States (in this section referred to as the “Bank”) shall conduct a study of the extent to which the products offered by the Bank are available and used by manufacturers in the United States that export goods manufactured in the United States used as components in global textile and apparel supply chains. In conducting the study, the Bank shall examine the following: ####
(1)Impediments to use of Bank products by such firms. ####
(2)The number of jobs in the United States that are supported by the export of such component parts and the degree to which access to financing will increase exports. ####
(3)Specific proposals for how the Bank, using its authority and products, could provide the financing, including through risk-sharing with other export credit agencies and other third parties. ####
(4)Ways in which the Bank can take into account the full global textile and apparel supply chain—in particular, the ultimate purchase, and ultimate United States-based purchaser, of the finished good, that would result from the supply chain—in making credit and risk determinations and the creditworthiness of the ultimate purchaser. ####
(5)Proposals for new products the Bank could offer to provide the financing, including— #####
(A)the extent to which the Bank is authorized to offer new products; #####
(B)the extent to which the Bank would need additional authority to offer the new products; and #####
(C)specific proposals for changes in law that would enable the Bank to provide such financing in compliance with the credit and risk standards of the Bank. ###
(b)Report Within 180 days after the date of the enactment of this Act, the Bank shall submit to the Congress a report that contains the results of the study required by subsection (a). ###
(c)Annual Reports Section 8 of the Export-Import Bank Act of 1945 (12 U.S.C. 635g), as amended by sections 6, 10, and 20(b)(2) of this Act, is amended by adding at the end the following: > > ### “(j) Textile and Apparel Supply Chain Financing > > The Bank shall include in its annual report to the Congress under subsection
(a)of this section a description of the success of the Bank in providing effective and reasonably priced financing to the United States textile and apparel industry for exports of goods manufactured in the United States that are used as components in global textile and apparel supply chains in the year covered by the report, and steps the Bank has taken to increase the use of Bank products by such firms.” > .
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Sec. 21
FINANCING FOR GOODS MANUFACTURED IN THE UNITED STATES USED IN GLOBAL TEXTILE AND APPAREL SUPPLY CHAINS
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