Page:United States Statutes at Large Volume 92 Part 3.djvu/1092

 92 STAT. 3724

PUBLIC LAW 95-630—NOV. 10, 1978 SEC. 1805. Section 201 of the Government Corporation Control Act (31 U.S.C. 856) is amended— (1) by striking out "and" before " (8)"; and (2) by inserting before the period at the end thereof a comma and the following: "and (9) the National Credit Union Administration Central Liquidity Facility". SEC. 1806. This title shall take effect on October 1, 1979.

Effective date. 12 USC 1795 note. TITLE XIX—EXPORT-IMPORT BANK ACT Export-Import AMENDMENTS Bank Act Amendments of 1978. SEC. 1901. That this title may be cited as the "Export-Import Bank Short title. Act Amendments of 1978". 12 USC 635 note. PRENOTIFICATION 12 USC 635.

SEC. 1902. Section 2(b)(3) of the Export-Import Bank Act of 1945 is amended— (1) by striking out "No" in the first sentence and inserting in lieu thereof "Except as provided by the fourth sentence of this paragraph, no"; (2) by striking out "$60,000,000" in the first sentence and inserting in lieu thereof "$100,000,000"; and (3) by adding at the end thereof the following: "If the Bank submits a statement to the Congress under this paragraph and either House of Congress is in an adjournment for a period which continues for at least ten days after the date of submission of the statement, then any such loan or guarantee or combination thereof may, subject to the second sentence of this paragraph, be finally approved by the Board of Directors upon the termination of the twenty-five-day period referred to in the first sentence of this paragraph or upon the termination of a thirtyfive-calendar-day period (which commences upon the date of submission of the statement), whichever occurs sooner.". FRACTIONAL CHARGES

12 USC 635.

SEC. 1903. Section 2(c)(1) of the Export-Import Bank Act of 1945 is amended by striking out "$20,000,000,000" and inserting in lieu thereof "$25,000,000,000". DENIAL or EXPORT APPLICATIONS

12 USC 635.

SEC. 1904. Section 2(b)(1)(B) of the Export-Import Bank Act of 1945 is amended by striking out the remainder of the paragraph after "and employment in the United States," and inserting in lieu thereof "and shall give particular emphasis to the objective of strengthening the competitive position of United States exporters and thereby of expanding total United States exports. Only in cases where the President determines that such action would be in the national interest where such action would clearly and importantly advance United States policy in such areas as international terrorism, nuclear proliferation, environmental protection and human rights, should the Export-Import Bank deny applications for credit for nonfinancial or noncommercial considerations".

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