Page:United States Statutes at Large Volume 97.djvu/1289

 PUBLIC LAW 98-181—NOV. 30, 1983 97 STAT. 1257 "(III) the lack of progress in negotiations to reduce or elimi- nate export credit subsidies. "(ii) Not later than April 15 of each year, the President of the United States shall transmit to the Congress a report on such determination. "(B)(i) If the President of the United States finds that the amount of direct loan authority or guarantee authority available to the Bank for the fiscal year involved exceeds the amount which will be necessary to carry out the Bank's functions consistent with the availability of qualified applications and limitations imposed by law during such year, the President of the United States shall promptly transmit to the Congress a request for legislation to eliminate the amount of such excess direct loan, loan guarantee, or insurance authority. "(ii) The Bank shall continue to make remaining amounts of its authority available for the fiscal year involved, in accordance with its practices and the requirements of this Act, unless otherwise directed pursuant to law.. Transmittal to Congress. Presidential request for legislation to Congress. EXPORTS OF SERVICES SEC. 616. (a) Section 2 of the Export-Import Bank Act of 1945 (12 U.S.C. 635) is amended— (1) in the second sentence of subsection (a)(D, by inserting "and services" after "exchange of commodities"; (2) in the second sentence of subsection (b)(l)(A), by inserting "of goods and services" after "exports"; and (3) by inserting after subsection (b)(l)(C) the following: "(D)(i) It is further the policy of the United States to foster the delivery of United States services in international commerce. In exercising its powers and functions, the Bank shall give full and equ£d consideration to making loans and providing guarantees for the export of services (independently, or in conjunction with the export of msuiufactured goods, equipment, hardware or other capital goods) consistent with the Bank s policy to neutralize foreign subsi- dized credit competition and to supplement the private capital market. "(ii) The Bank shall include in its annual report a summary of its programs regarding the export of services.". (b) Section 206 of the Export Trading Company Act of 1982 (Public Law 97-290) is amended— (1) by striking out "or" after "export accounts receivable" and inserting in lieu thereof a comma; and (2) by inserting after "exportable goods," the following: "ac- counts receivable from leases, performance contracts, grant commitments, participation fees, member dues, revenue from publications, or such other collateral as the Board of Directors may deem appropriate,". 12 USC 635a-4. COMPETITIVE INSURANCE SEC. 617. Section 2 of the Export-Import Bank Act of 1945 (12 U.S.C. 635) is amended by adding at the end thereof the following: "(d)(1) In carrying out its responsibilities under this Act, the Bank shall work to ensure that United States companies are afforded an equal and nondiscriminatory opportunity to bid for insurance in connection with transactions assisted by the Bank.

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