Page:United States Statutes at Large Volume 102 Part 2.djvu/379

 PUBLIC L A W 100-418—AUG. 23, 1988

102 STAT. 1383

Subtitle D—Export-Import Bank and Tied Aid Credit Amendments SEC. 3301. SHORT TITLE.

Export-Import Bank and Tied Aid Credit Amendments of 1988 12 USC 635 note.

This subtitle may be cited as the "Export-Import Bank and Tied Aid Credit Amendments of 1988". SEC. 3302. PROVISIONS RELATING TO TIED AID CREDIT.

(a) FINDINGS.—The Congress finds that— (1) negotiations have led to an international agreement to increase the grant element required in tied aid credit offers; (2) concern continues to exist that countries party to the agreement may continue to offer tied aid credits that deviate from the agreement; (3) in such cases, the United States could continue to lose export sales in connection with the aggressive, and in some cases, unfair, tied aid practices of such countries; and (4) in such cases, the Export-Import Bank of the United States should continue to use the Tied Aid Credit Fund established by section 15(c) of the Export-Import Bank Act of 1945 to discourage the use of such predatory ^nancing practices. (b) EXTENSION OF TIED A I D CREDIT FUND.—Subsections (c)(2) and

(e)(1) of section 15 of the Export-Import Bank Act of 1945 (12 U.S.C. 635i-3 (c)(2) and (e)(D) are each amended by striking out "and 1988" and inserting in lieu thereof "1988, and 1989". (c) REPORT.—

(1) IN GENERAL.—On or before December 31, 1988, the President and Chairman of the Export-Import Bank of the United States, in cooperation with other appropriate government Eigencies, shall submit to the Speaker of the House of Representatives and the President pro tempore of the Senate a written report identifying and analyzing the tied aid credit practices of other countries and shall make recommendations for dealing with such practices. (2) CONSULTATION.—In preparing the report described in paragraph (1), the Export-Import Bank shall consult with appropriate international organizations such as the International Bank for Reconstruction and Development, the International Monetary Fund, and the Development Assistance Committee of the Organization for Economic Cooperation and Development, and with the countries which are party to the Arrangement on Guidelines for Officially Supported Export Credits adopted by the Organization for Economic C!ooperation and Development in November 1987. SEC. 3303. REPORT ON UNITED STATES EXPORTS TO DEVELOPING COUNTRIES.

Within 90 days after the date of the enactment of this Act, the President and Chairman of the Export-Import Bank of the United States shall submit to the Committee on Banking, Finance and Urban Affairs of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a written report which contains—

12 USC 635i-3 note.

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