Page:United States Statutes at Large Volume 106 Part 3.djvu/394

 106 STAT. 2188 PUBLIC LAW 102-429—OCT. 21, 1992 tied aid and partially untied aid credits extended by other governments— "(i) in violation of the Arrangement; or "(ii) in cases in which the Bank determines that United States trade or economic interests justify the matching of tied aid credits extended in compliance with the Arrangement, including grandfathered cases"; and (C) in subparagraph (B), by striking "partially untied aid credits; and" and all that follows through the end of clause (ii), and inserting the following: "partially untied aid credits, and impedes negotiations or violates agreements on tied aid to eliminate the use of such credits for commercial purposes; or "(ii) engages in predatory financing practices that seek to circimivent international agreements on tied aid; or"; (4) in subsection (b)(2)(A), by striking "of the Treasury"; (5) in subsection (b)(2)(B), by striking "private financial institutions or entities" and inserting "United States exporters and private financial institutions or entities, and in consvUtation with other Federal agencies"; (6) in subsection (b)(4), by adding at the end the following: "The Bank shall also request and take into consideration the views of the private sector on principal sectors and key markets of countries described in paragraph (I)(B)."; (7) by amending paragraphs (1) and (2) of subsection (g) to read as follows: Reports «(1) IN GENERAL.—On or before October 15, 1992, and every 6 months thereafter, the Bank, in consultation with the Secretary, shall submit a report on tied aid credits to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Banking, Finance and Urban Affairs of the House of Representatives. "(2) CONTENTS OF REPORTS. — Each report required under paragraph (1) shall contain a description of— "(A) the implementation of the Arrangement restricting tied aid and partially untied aid credits for commercial piu^oses, including the operation of notification and consultation procedures; "(B) all principal offers of tied aid credit financing by foreign coiuitries during the previous 6-month period, including all offers notified by countries participating in the Arrangement, and in particular— "(i) offers grandfathered under the Arrangement; and "(ii) notifications of exceptions under the Arrangement; "(C) any use by the Bank of the Tied Aid Credit Fund to match specific offers, including those that are grandfathered or exceptions under the Anrangement; and "(D) other actions by the United States Government to combat predatory financing practices by foreign governments, including additional negotiations among participating governments in the Arrangement."; and (8) in subsection (h)—

�