Page:United States Statutes at Large Volume 103 Part 3.djvu/427

 PUBLIC LAW 101-240—DEC. 19, 1989 103 STAT. 2495 (d) CLARIFYING AMENDMENT.— Section 2(b)(6)(G) of such Act (12 U.S.C. 635(b)(6)(G)) is amended by striking "this paragraph" and inserting "subparagraphs (B), (C), (D), and (F)". (e) REPORT WITH RESPECT TO LOAN LOSS RESERVES. —Before the end w of the 6-month period beginning on the date of the enactment of this section, the Export-Import Bank of the United States shall submit a report to the Congress explaining why the Bank has not established a loan loss reserve. In preparing such report, the Bank shall— (1) determine if the establishment of a loan loss reserve would result in the unproductive characterization of the creditworthi- ness of certain types of borrowers; (2) consult with the appropriate Executive branch entities to determine the budgeting and financial management implica- tions of establishing a loan loss reserve; (3) review whether, and the extent to which similar bilatereil and multilateral lending institutions make provision against loan losses; and (4) report on the steps needed to return the Bank to profitability. SEC. 102. EXTENSION OF CREDIT BY EXPORT-IMPORT BANK WITH RE- SPECT TO ANGOLA PROHIBITED UNLESS CERTAIN CONDI- TIONS ARE MET. Section 2(b) of the Export-Import Bank Act of, 1945 (12 U.S.C. 635(b)) is amended by adding at the end the following: "(12) PROHIBITION RELATING TO ANGOLA. —Notwithstanding any determination by the President under paragraph (2) or (11), the Bank may not guarantee, insure, or extend (or participate in the extension of) credit in connection with any export of any good (other than food or an agricultured commodity) or service to the People's Republic of Angola until the President certifies to the Congress that free and fair elections have been held in Angola in which all particip£mts were afforded free and fair access, and that the govern- ment of Angola— "(A) is willing, and is actively seeking, to achieve an equitable political settlement of the conflict in Angola, including free and fair elections, through a mutual cease-fire and a dialogue with the opposition armed forces; "(B) has demonstrated progress in protecting internationaly recognized human rights, and particularly in— "(i) ending, through prosecution or other means, involve- ment of members of the military and security forces in political violence and abuses of internationaly recognized human rights; "(ii) vigorously prosecuting persons engaged in political violence who are connected with the government; and "(iii) bringing to justice those responsible for the abduc- •i^,- tion, torture, and murder of citizens of Angola and citizens of the United States; and "(C) has demonstrated progress in its respect for, and protec- tion of— "(i) the freedom of the press; "(ii) the freedom of speech; "(iii) the freedom of assembly; "(iv) the freedom of association (including the right to organize for political purposes); (v) internationaly recognized worker rights; and >A

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