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Contents

Export-Import Bank Reauthorization Act of 2002

Act Details

Export-Import Bank Reauthorization Act of 2002 was a proposal (now, a piece of legislation) introduced on 2001-08-03 in the House of Commons and Senate respectively of the 107 United States Congress by Paul Spyros Sarbanes in relation with: Accounting and auditing, Administrative remedies, Africa, Africa (Sub-Saharan), Alternative energy sources, Antidumping, Appropriations, Armed forces and national security, Arms sales, Auditing, Authorization, Bank reserves, Biomass energy, Bribery, Business insurance, China, Civil rights and liberties, minority issues, Commemorations, Commerce, Computer integrated manufacturing systems, Computer software, Computers, Computers and government, Congress, Congress and foreign policy, Congressional investigations, Congressional reporting requirements, Congressional tributes, Corporate corruption, Corporation directors, Countervailing duties, Crime and law enforcement, Data banks, Dispute settlement, East Asia, Economic statistics, Economics and public finance, Electronic commerce, Electronic government information, Energy, Energy efficiency, Environmental protection, Evidence (Law), Executive reorganization, Export credit, Export finance, Export subsidies, Export-Import Bank of the United States, Exports, Federal advisory bodies, Federal officials, Federally-guaranteed loans, Finance and financial sector, Financial statements, Foreign trade and international finance, Foreign trade promotion, Fossil fuels, Fraud, Free trade, Fuel cells, Geothermal resources, Government and business, Government corporations, Government lending, Government operations and politics, Government procurement, Government trust funds, Governmental investigations, Human rights, Import relief, Indexing (Economic policy), Inspectors general, International affairs, International agencies, International competitiveness, International cooperation, Internet, Iron and steel industry, Job creation, Labor and employment, Landfills, Law, Methane, Minorities, Minority business enterprises, Misconduct in office, OECD countries, Poor, Public corruption, Public lands and natural resources, Science, technology, communications, Small business, Social welfare, Solar energy, State-sponsored terrorism, Surveys, Technological innovations, Technology transfer, Terrorism, Tied aid credit, Trade agreements, Trade negotiations, War and emergency powers, Wind power, Women, Women in business.

Export-Import Bank Reauthorization Act of 2002 became law (1) in the United States on 2002-06-14. It was referred to the following Committee(s): (2)

Senate Banking Housing and Urban Affairs (SSBK)

Sponsor

Paul Spyros Sarbanes, Democrat, Senator from Maryland

The proposal had the following cosponsors:

Joe Baca, Representative, from California, district 42
Xavier Becerra, Democrat, Representative, from California, district 30
Howard Lawrence Berman, Democrat, Representative, from California, district 26
Mack Bono, Representative, from California, district 44
Ken Calvert, Republican, Representative, from California, district 43
Lois Capps, Democrat, Representative, from California, district 22
Gary Adrian Condit, Democrat, Representative, from California, district 18
Charles Christopher Cox, Republican, Representative, from California, district 47
Randy Cunningham, Representative, from California, district 51
Susan A. Davis, Democrat, Representative, from California, district 49
Calvin M. Dooley, Democrat, Representative, from California, district 20
John Taylor Doolittle, Republican, Representative, from California, district 4
David Timothy Dreier, Republican, Representative, from California, district 28
Anna Georges Eshoo, Democrat, Representative, from California, district 14
Sam Farr, Democrat, Representative, from California, district 17
Bob Filner, Democrat, Representative, from California, district 50
Elton W. Gallegly, Republican, Representative, from California, district 23
Jane L. Harman, Democrat, Representative, from California, district 36
Walter William (wally) Herger, Republican, Representative, from California, district 2
Michael Honda, Representative, from California, district 15
John Stephen (steve) Horn, Republican, Representative, from California, district 38
Duncan Lee Hunter, Republican, Representative, from California, district 52
Darrell Issa, Republican, Representative, from California, district 48
Tom Lantos, Representative, from California, district 12
Barbara Lee, Democrat, Representative, from California, district 9
Jerry Lewis, Representative, from California, district 40
Zoe Lofgren, Democrat, Representative, from California, district 16
Robert T. Matsui, Democrat, Representative, from California, district 5
Howard P. (buck) Mckeon, Republican, Representative, from California, district 25
Juanita Millender-mcdonald, Democrat, Representative, from California, district 37
Gary G. Miller, Republican, Representative, from California, district 41
George Miller, Democrat, Representative, from California, district 7
Grace Flores Napolitano, Democrat, Representative, from California, district 34
Doug Ose, Republican, Representative, from California, district 3
Nancy Pelosi, Democrat, Representative, from California, district 8
Richard William Pombo, Republican, Representative, from California, district 11
George Radanovich, Representative, from California, district 19
Dana Rohrabacher, Republican, Representative, from California, district 45
Lucille Roybal-allard, Democrat, Representative, from California, district 33
Edward Randall Royce, Republican, Representative, from California, district 39
Adam Schiff, Democrat, Representative, from California, district 27
Brad Sherman, Democrat, Representative, from California, district 24
Hilda L. Solis, Democrat, Representative, from California, district 31
Fortney Stark, Representative, from California, district 13
Ellen Tauscher, Representative, from California, district 10
William Marshall Thomas, Republican, Representative, from California, district 21
Mike Thompson, Representative, from California, district 1
Maxine Waters, Democrat, Representative, from California, district 35
Diane Watson, Representative, from California, district 32
Henry Arnold Waxman, Democrat, Representative, from California, district 29
Lynn Woolsey, Representative, from California, district 6

Act Overview

Number: 1372 (3)
Official Title as Introduced: An Act to reauthorize the Export-Import Bank of the United States (4)
Short Title: Export-Import Bank Reauthorization Act of 2002
Date First Introduced: 2001-08-03
Sponsor Name: Paul Spyros Sarbanes
Assignment Process: See Committe Assignments (5)
Latest Major Activity/Action: Enacted
Date Enacted (signed, in general (6), by President): 2002-06-14
Type: s (7)
Main Topic: Foreign trade and international finance
Related Bills: (8)
hres433-107, Reason: rule, Type: bill
hr2517-107, Reason: related, Type: bill
hr2871-107, Reason: supersedes, Type: bill
hr2871-107, Reason: related, Type: bill
Summary of Export-Import Bank Reauthorization Act of 2002: Govtrack. Authored by the Congressional Research Service (CRS) of the Library of Congress.
Primary Source: Congress Website

Text of the Export-Import Bank Reauthorization Act of 2002

Export-Import Bank Reauthorization Act of 2002 – Amends the Export-Import Bank Act of 1945 to make it the objective of the Export-Import Bank of the United States (Bank) in providing loans guarantees insurance and credits for the export of goods and services imports and the exchange of commodities and services between the United States (including its territories or possessions) and other foreign countries to contribute to maintaining or increasing employment of U.S. workers.(Sec. 3) Extends the authority of the Bank through FY 2006.(Sec. 4) Amends Federal law to require the President's annual budget submission to include with respect to appropriations requested for the Bank a separate statement of amounts requested for its program budget and for its administrative expenses (including amounts for technology expenses). Declares the sense of Congress that emphasis should be placed on the importance of technology improvements for the Bank which are of particular importance for small businesses.(Sec. 5) Increases the aggregate amount of Bank loans guarantees and insurance that may be outstanding at any one time to aid in financing exports and imports and the exchange of commodities and services between the United States and other foreign countries.(Sec. 6) Extends the authority of a Bank advisory committee related to its activities in sub-Saharan Africa through September 30 2006.Amends the Export-Import Bank Reauthorization Act of 1997 to continue for four more years the requirement that the Board of Directors of the Bank report annually to Congress on Board efforts to develop and implement policies and programs for expanding the Bank's financial commitments in sub-Saharan Africa.(Sec. 7) Increases from ten percent to 20 percent of its aggregate loan guarantee and insurance authority the amount the Bank must make available to finance exports directly by small business concerns.Requires the Board of Directors of the Bank in the furtherance of U.S. policy to encourage the participation of small business in international commerce to designate an officer of the Bank who among other duties shall be responsible for advising small business concerns of the opportunities for them in the functions of the Bank with particular emphasis on conducting outreach and increasing loans to socially and economically disadvantaged small businesses small businesses owned by women and small businesses employing fewer than 100 employees.(Sec. 8) Directs the Bank to implement: (1) certain technology improvements designed to improve small business outreach including allowing customers to use the Internet to apply for all Bank programs; and (2) an electronic system designed to track all pending Bank transactions. Requires the Bank to report annually to Congress on Bank efforts to implement such measures and on how they are assisting small business.(Sec. 9) Revises requirements for the tied aid credit program to require the Secretary of the Treasury (Secretary) and the Bank to jointly develop a process for and the principles and standards to be used in determining how the Tied Aid Credit Fund could be used most effectively and efficiently to target the export markets of countries which make extensive use of tied aid or partially untied aid credits for commercial advantage. Prohibits the Bank from approving the extension of a proposed tied aid credit if the President determines that such extension would materially impede such goals. Requires the Secretary and the Bank to submit to specified congressional committees a copy of such principles process and standards and specifies transitional principles and standards until the principles process and standards are submitted.(Sec. 10) Directs the Secretary to negotiate an Organization for Economic Cooperation and Development (OECD) Arrangement on Untied Aid that seeks agreement on subjecting untied aid to the rules governing the Arrangement on Guidelines for Officially Supported Export Credits (including the rules governing disclosure). Requires the Secretary to report to specified congressional committees on the successes failures and obstacles in reaching such agreement.Urges the United States to seek: (1) enhanced transparency over the activities of market windows in the OECD Export Credit Arrangement in order to ensure that Bank financing remains fully competitive; and (2) negotiations for multilateral disciplines and transparency within the OECD Export Credit Arrangement if such transparency indicates that market windows are disadvantaging U.S. exporters. Sets forth circumstances under which the Bank may provide financing under terms and conditions that are inconsistent with those permitted under the OECD Export Credit Arrangement. Directs the Secretary to report to specified congressional committees on the rationale for seeking or not seeking negotiations for multilateral disciplines and transparency the successes failures and obstacles in initiating negotiations or in reaching an agreement.Sets forth certain requirements with respect to the use of the Tied Aid Credit Fund to combat untied aid. Requires the Bank to define “market window” for purposes of this Act.(Sec. 11) Requires a certain annual competitiveness report by the Bank to Congress to include: (1) a survey of all other major export-financing facilities available from other governments and government-related agencies through which foreign exporters compete with U.S. exporters (including through the use of market windows) indicating in specific terms the ways in which the Bank's rates terms and other conditions compare with those offered from such other governments directly or indirectly; (2) a description of all Bank transactions classified according to their principal purpose such as to correct a market failure or to provide matching support; and (3) a description on Bank efforts to promote the export of goods and services related to renewable energy resources.(Sec. 12) Requires a certain annual report by the Bank to Congress to include: (1) an estimate on the basis of an annual survey or tabulation of the number of entities that are suppliers of users of the Bank and that are small businesses located in the United States; and (2) a description of Bank outreach efforts to any socially and economically disadvantaged small businesses small businesses owned by women and small businesses employing fewer than 100 employees.(Sec. 13) Requires the Bank as one of its functions to promote the export of goods and services related to renewable energy sources.(Sec. 14) Directs the Comptroller General to report to specified congressional committees on the comparative reserve practices of the Bank and of export credit agencies and private banks.(Sec. 16) Grants the Bank the authority to deny an application for assistance with respect to a transaction if it has substantial credible evidence that any party to the transaction has committed an act of fraud or corruption in connection with the transaction.(Sec. 17) Declares that only in cases where the President has determined that such action would be in the national interest and would clearly and importantly advance U.S. policy in certain areas such as international terrorism (including when relevant a foreign nation's lack of cooperation in efforts to eradicate terrorism) or the enforcement of certain U.S. laws should the Bank deny applications for credit for nonfinancial or noncommercial considerations.(Sec. 18) Prohibits the Bank from providing any loan or guarantee to an entity for the resulting production of substantially the same product that is the subject of a countervailing duty or antidumping order under title VII of the Tariff Act of 1930 or a preliminary material injury determination under title II of the Trade Act of 1974. Requires the Bank to establish procedures to ensure that loans or guarantees provided to an entity that is subject to a preliminary material injury determination are likely to not result in a significant increase in imports of substantially the same product covered by such determination and are likely to not have a significant adverse impact on the domestic industry.Requires the Bank in making a determination whether to extend direct credit or guarantee transactions involving more than $10 million with respect to the production of any commodity for export by a foreign country to consider import relief investigations under title II of the Trade Act of 1974 that have been initiated at the request of the President the United States Trade Representative the Committee on Finance of the Senate or the Committee on Ways and Means of the House of Representatives or by the International Trade Commission on its own motion.(Sec. 19) Directs the Bank to: (1) require an assistance applicant to disclose whether such applicant has been found by a U.S. court to have violated the Foreign Corrupt Practices Act of 1977 the Arms Export Control Act the International Emergency Economic Powers Act or the Export Administration Act of 1979 within the preceding 12 months; and (2) maintain in cooperation with the Department of Justice for not less than three years a record of applicants that have been found to have violated such Acts.(Sec. 20) Expresses the sense of Congress that when considering a proposal for assistance for a project of $10 million or more the management of the Bank should have available for review a detailed assessment of the potential human rights impact of such project.(Sec. 22) Amends the Inspector General Act of 1978 to establish the position of Inspector General within the Bank. Sets the rate of pay for the Inspector General of the Bank at Level IV of the Executive Schedule.(Sec. 23) Expresses the sense of Congress with respect to the death of John E. Robson President and Chairman of the Board of Directors of the Bank and expresses to his family its deep appreciation for his contributions and the legacy he leaves behind and its heartfelt sorrow at his passing.

Bill Notes

[Note 1] An Act (like Export-Import Bank Reauthorization Act of 2002) or a resolution cannot become a law in the United States until it has been approved (passed) in identical form by both the House of Representatives and the Senate, as well as signed by the President (but see (5)). If the two bodys of the Congress versions of a bill are not identical, one of the bodies might decide to take a further vote to adopt the bill (see more about the Congress process here). An Act may be pass in identical form with or without amendments and with or without conference. (see more about Enrollment).
[Note 2] Proposals are referred to committees for preliminary consideration, then debated, amended, and passed (or rejected) by the full House or Senate. To prevent endless shuttling of bills between the House and Senate, bills like Export-Import Bank Reauthorization Act of 2002 are referred to joint committees made up of members of both houses.
[Note 3] For more information regarding this legislative proposal, go to THOMAS, select “Bill Number,” search on (Export-Import Bank Reauthorization Act of 2002)
[Note 4] An Act to reauthorize the Export-Import Bank of the United States. The current official title of a bill is always present, assigned at introduction (for example, in this case, on 2001-08-03) and can be revised any time. This type of titles are sentences.
[Note 5] The Act is referred to the appropriate committee by the Speaker of any of the two Houses. Bills are placed on the calendar of the committee to which they have been assigned. See Assignment Process.
[Note 6] Regarding exceptions to President´s approval, a bill that is not signed (returned unsigned) by the President can still become law if at lest two thirds of each of the two bodys of the Congress votes to pass it, which is an infrequent case. See also Presidential Veto.
[Note 7] Legislative Proposal types can be: hr, hres, hjres, hconres, s, sres, sjres, sconres. An Act originating in the Senate is designated by the letter “S”, and a bill originating from the House of Representatives begins with “H.R.”, followed, in both cases, by its individual number which it retains throughout all its parliamentary process.
[Note 8] For information regarding related bill/s to Export-Import Bank Reauthorization Act of 2002, go to THOMAS.

Analysis

No analysis (criticism, advocacy, etc.) about Export-Import Bank Reauthorization Act of 2002 submitted yet.

Accounting and auditing
Administrative remedies
Africa
Africa (Sub-Saharan)
Alternative energy sources
Antidumping
Appropriations
Armed forces and national security
Arms sales
Auditing
Authorization
Bank reserves
Biomass energy
Bribery
Business insurance
China
Civil rights and liberties, minority issues
Commemorations
Commerce
Computer integrated manufacturing systems
Computer software
Computers
Computers and government
Congress
Congress and foreign policy
Congressional investigations
Congressional reporting requirements
Congressional tributes
Corporate corruption
Corporation directors
Countervailing duties
Crime and law enforcement
Data banks
Dispute settlement
East Asia
Economic statistics
Economics and public finance
Electronic commerce
Electronic government information
Energy
Energy efficiency
Environmental protection
Evidence (Law)
Executive reorganization
Export credit
Export finance
Export subsidies
Export-Import Bank of the United States
Exports
Federal advisory bodies
Federal officials
Federally-guaranteed loans
Finance and financial sector
Financial statements
Foreign trade and international finance
Foreign trade promotion
Fossil fuels
Fraud
Free trade
Fuel cells
Geothermal resources
Government and business
Government corporations
Government lending
Government operations and politics
Government procurement
Government trust funds
Governmental investigations
Human rights
Import relief
Indexing (Economic policy)
Inspectors general
International affairs
International agencies
International competitiveness
International cooperation
Internet
Iron and steel industry
Job creation
Labor and employment
Landfills
Law
Methane
Minorities
Minority business enterprises
Misconduct in office
OECD countries
Poor
Public corruption
Public lands and natural resources
Science, technology, communications
Small business
Social welfare
Solar energy
State-sponsored terrorism
Surveys
Technological innovations
Technology transfer
Terrorism
Tied aid credit
Trade agreements
Trade negotiations
War and emergency powers
Wind power
Women
Women in business

Export-Import Bank Reauthorization Act of 2002