Page:United States Statutes at Large Volume 106 Part 3.djvu/404

 106 STAT. 2198 PUBLIC LAW 102-429—OCT. 21, 1992 (2) export assistance for United States goods destined for emerging republics is an investment in the development and establishment of their market economies, a critical element in maintaining existing United States businesses which export to the regions in which such republics are located, and a significant fiactor in the economic future of Uie United States and such republics; (3) the Export-Import Bank of the United States (in this section referred to as the "Bank") has a unique opportunity to play a leading role in assisting United States exporters to participate in the rapidly changing and highly competitive markets in the independent States of the former Soviet Union, Central and Eastern Europe, and the Baltic States; and (4) it is in the interest of the United States for the Bank to— (A) monitor carefully the export assistance programs and terms offered by foreign governments for competitive exports; and (B) make every effort to offer United States business export assistance for transactions in the independent States of the former Soviet Union, Central and Eastern Europe, and the Baltic States, that is comparable to the assistance being provided by other governments. (b) REPORT.— Not later than 1 year after the date of enactment of this Act, the Bank shall transmit to the Congress a report analyzing the present and future demand for loans, guarantees, and insurance for trade between the United States and the Baltic States, between the United States and the independent States of the former Soviet Union, and between the United States and Central and Eastern Europe, and shall make recommendations regarding the adequacy of financing for trade between the United States and such countries. As used in this section, the term "independent States of the former Soviet Union" includes all successor states (other than the Baltic States) to the Soviet Union. SEC. 121. ELIMINATION OF OUTDATED PROVISIONS. (a) AMENDMENTS TO SECTION 2. —Section 2 of the Export-Import Bank Act of 1945 (12 U.S.C. 635) is amended— (1) in subsection (a)(3)— (A) by striking "(A) IN GENERAL.— "; (B) by striking subparagraph (B); and (C) by redesignating clauses (i) through (iv) as subparagraphs (A) through (D), respectively; (2) in subsection (b)(1)(A), by striking "The Bank shall also" and all that follows through the final period and inserting the following: "The Bank shall include in the annual report a description of its role in the implementation of the strategic plan prepared by the Trade Promotion Coordinating Committee in accordance with section 2312 of the Export Enhancement Act of 1988."; (3) in subsection (b)(l)(E)(v), by striking "not less than—" and all that follows through the end of clause (v) and inserting "not less than 10 percent of such authority for each fiscal year."; and (4) by striking subsection (f). (b) AMENDMENT TO SECTION 4. —Section 4 of the Export-Import Bank Act of 1945 (12 U.S.C. 635b) is amended by striking all

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