Page:United States Statutes at Large Volume 100 Part 2.djvu/99

 PUBLIC LAW 99-472—OCT. 15, 1986

100 STAT. 1201

"(B) REPORT REQUIRED.—Not later than April 15, 1988, the Bank shall transmit a report to the Congress analyzing the measures adopted to enhance medium-term financing.". SEC. 5. COMPETITIVENESS MANDATE.

The second sentence of section 2(b)(l)(B) of the Export-Import Bank Act of 1945 is amended by striking out "equivalent" and inserting in lieu thereof "identical in all respects".

Ante, p. 1200.

SEC. 6. MULTIPLE-EXPORTER RISK PROTECTION.

Section 2(b)(l)(E) of the Export-Import Bank Act of 1945 is 12 USC 635. amended by adding at the end thereof the following new clause: "(ix) The Bank shall provide, through creditworthy trade associations, export trading companies. State export finance companies, export finance cooperatives, and other multiple-exporter organizations, medium-term risk protection coverage for the members and clients of such organizations. Such coverage shall be made available to each such organization under a single risk protection policy covering its members or clients. Nothing in this provision shall be interpreted as limiting the Bank's authority to deny support for specific transactions or to disapprove a request by such an organization to participate in such coverage,". SEC. 7. PROGRAM ACCESS.

Section 2(b)(l) of the Export-Import Bank Act of 1945 is amended by adding at the end thereof the following new subparagraph: "(G) Participation in or access to long-, medium-, and short-term insurance, financing, guarantees, and insurance.provided by the Bank shall not be denied solely because the entity seeking participation or access is not a bank or is not a United States person.". SEC. 8. PROHIBITION ON AID TO MARXIST-LENINIST COUNTRIES.

Section 2(b)(2) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(b)(2)) is amended to read as follows: "(2) PROHIBITION ON AID TO MARXIST-LENINIST COUNTRIES.—

"(A) IN GENERAL.—The Bank in the exercise of its functions shall not guarantee, insure, extend credit, or participate in the extension of credit— "(i) in connection with the purchgise or lease of any product by a Marxist-Leninist country, or agency or national thereof; or "(ii) in connection with the purchase or lease of any product by any other foreign country, or agency or national thereof, if the product to be purchased or leased by such other country, agency, or national is, to the knowledge of the Bank, principally for use in, or sale or lease to, a Marxist-Leninist country. "(B) MARXIST-LENINIST COUNTRY DEFINED.—

"(i) IN GENERAL.—For the purposes of this paragraph, the term 'Marxist-Leninist country' means any country which— "(I) maintains a centrally planned economy based on the principles of Marxist-Leninism, or "(II) is economically and militarily dependent on the Union of Soviet Socialist Republics or on any other Marxist-Leninist country.

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