Page:United States Statutes at Large Volume 92 Part 3.djvu/1093

 PUBLIC LAW 95-630—NOV. 10, 1978

92 STAT. 3725

AUTHORIZATION

SEC. 1905. Section 7(a) of the Export-Import Bank Act of 1945 12 USC 635e. is amended by striking out "$25,000,000,000" and inserting in lieu thereof "$40,000,000,000". EXTENSION o r AUTHORITY

SEC. 1906. Section 8 of the Export-Import Bank Act of 1945 is 12 USC 635f. amended by striking out "December 31, 1978" and inserting in lieu thereof "September 30, 1983". E N E R G Y POLICY

SEC. 1907. (a) Section 2(b)(1) of the Export-Import Bank Act of 1945 is amended by adding at the end thereof the following: "(C) Consistent with the policy of section 501 of the Nuclear NonProliferation Act of 1978 and section 119 of the Foreign Assistance Act of 1961, the Board of Directors shall name an oiRcer of the Bank whose duties shall include advising the President of the Bank on Avays of piomoting the expoit of goods and services to be used in the development, production, and distribution of nonnuclear renewable energy resources, disseminating information concerning export opportunities and the availability of Bank support for such activities, and acting as a liaison between the Bank and the Department of Commerce and other appropriate departments and agencies.". (b) Section 9(b) of such Act is amended by adding at the end thereof the following: "In addition, the Bank shall include in the report a description of specific activities and programs undertaken by it to achieve the policy of section 501 of the Nuclear Non-Proliferation Act of 1978, and section 119 of the Foreign Assistance Act of 1961, as required by section 2(b)(1)(C) of this Act.".

12 USC 635. Ante, p. 148. 22 USC 2151q.

12 USC 635g.

Supra.

EXPORT CREDIT COMPETITION

SEC. 1908. (a) The President is authorized and requested to begin negotiations at the ministerial level with other major exporting countries to end predatory export financing programs and other forms of export subsidies, including mixed ci-edits, in third country markets as well as within the United States. The President shall report to the Congiess prior to January 15, 1979, on progress toward meeting the goals of this section. (b) The Export-Import Bank of the United States is authorized to provide guarantees, insurance, and extensions of credit at rates and terms and other conditions which are, in the opinion of the Board of Directors of the Bank, competitive with those provided by the government-supported export credit instrumentalities of other nations. SEC. 1909. Section 2(b) of the Export-Import Bank Act of 1945 is amended by inserting at the end thereof the following new paragraph: "(7) The Bank shall supplement but not compete with private capital and the programs of the Commodity Credit Corporation to ensure that adequate financing will be made available to assist the export of agricultural commodities, except that, consistent with section 2(b)(1) (A^ of this Act, the Bank in assisting any such export transactions shall, in cooperation with the export financing instrumentalities of other governments, seek to minimize competition in Government-

Negotiations, 12 USC 635a-l. Report to Congress,

, 12 USC 635.

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