Page:United States Statutes at Large Volume 100 Part 2.djvu/101

 PUBLIC LAW 99-472—OCT. 15, 1986

100 STAT. 1203

(i) or (ii) of subparagraph (A) for which the Bank would extend a loan in an amount equal to or greater than $50,000,000. "(iii) REPORT OF CLAUSE (i) DETERMINATIONS TO CONGRESS.—Any determination by the President under clause (i) shall be reported to the Congress not later than the earlier of— "(I) the end of the 30-day period beginning on the date of such determination; or "(II) the date the Bank takes final action with respect to the first transaction involving the country, agency, or national for which such determination is made after the date of the enactment of the Export-Import Bank Amendments of 1974, unless a report of a determina- 12 USC 635 note, tion with respect to such country, agency, or national was made and reported before such date of enactment. "(iv) REPORT OF CLAUSE (ii)

DETERMINATIONS TO CON-

GRESS.—Any determination by the President under clause (ii) shall be reported to the Congress not later than the earlier of— "(I) the end of the 30-day period beginning on the date of such determination; or "(II) the date the Bank takes final action with respect to the transaction for which such determination is made.". SEC. 9. PROHIBITION ON AID TO ANGOLA.

Section 2(b) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(b)) is amended by adding at the end thereof the following new paragraph: "(11) PROHIBITION RELATING TO ANGOLA.—Notwithstanding any Agriculture and determination by the President under paragraph (2), the Bank may agricultural not guarantee, insure, or extend credit (or participate in the exten- commodities, sion of credit) in connection with any export of goods or services, except food or agricultural commodities, to the People's Republic of Angola until the President certifies to the Congress that no combatant forces or military advisors of the Republic of Cuba or of any other Marxist-Leninist country (as such term is defined in paragraph (2)(B)) remain in Angola.". SEC. 10. TRANSFERABILITY OF GUARANTEES.

Section 2(c) of the Export-Import Bank Act of 1945 is amended by adding at the end thereof the following new paragraph: "(3) TRANSFERABILITY OF GUARANTEES.—With respect to mediumterm and long-term obligations insured or guaranteed by the Bank after the date of the enactment of the Export-Import Bank Act Amendments of 1986, the Bank shall authorize the unrestricted transfer of such obligations by the originating lenders or their transferees to other lenders without affecting, limiting, or terminating the guarantee or insurance provided by the Bank.". SEC. 11. PROHIBITION AGAINST CERTAIN TRANSACTIONS.

Section 2 of the Export-Import Bank Act of 1945 is amended by adding at the end thereof the following: "(e) LIMITATION ON ASSISTANCE WHICH ADVERSELY AFFECT THE UNITED STATES.—

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