Page:United States Statutes at Large Volume 97.djvu/1291

 PUBLIC LAW 98-181—NOV. 30, 1983 97 STAT. 1259 "(v) To assure that the purposes of clauses (i) and (ii) of this subparagraph are carried out, the Bank shall make available, from the aggregate loan, guarantee, and insurance authority available to it, an amount to finance exports by small business concerns (as defined under section 3 of the Small Business Act) which shall be not less than— "(I) 6 per centum of such authority for fiscal year 1984; "(II) 8 per centum of such authority for fiscal year 1985; and "(III) 10 per centum of such authority for fiscal year 1986 and thereafter. "(vi) The Bank shall utilize the amount set aside pursuant to clause (v) of this subparagraph to offer financing for small business exports on terms which are fully competitive with regard to interest rates and with regard to the portion of financing which may be provided, guaranteed, or insured. Financing under this clause (vi) shall be available without regard to whether financing for the particular transaction was disapproved by any other Federal agency. "(viiXD The Bank shall utilize a part of the amount set aside pursuant to clause (v) to provide lines of credit or guarantees to consortia of small or medium size banks, export trading companies, State export finance agencies, export financing coop|eratives, small business investment companies (as defined in section 103 of the Small Businss Investment Act of 1958), or other financing institu- tions or entities in order to finance small business exports. "(II) Financing under this clause (vii) shall be made available only where the consortia or the participating institutions agree to under- take processing, servicing, and credit evaluation functions in con- nection with such financing. "(Ill) To the maximum extent practicable, the Bank shall delegate to the consortia the authority to approve financing under this clause (vii). "(IV) In the administration of the program under this clause (vii), the Bank shall provide appropriate technical assistance to partici- pating consortia and may require such consortia periodically to furnish information to the Bank regarding the number and amount of loans made and the creditworthiness of the borrowers. "(viii) In order to assure that the policy stated in clause (i) is carried out, the Bank shall promote small business exports and its small business export financing programs in cooperation with the Secretary of Commerce, the Office of International Trade of the Small Business Administration, and the private sector, particularly small business organizations. State agencies, chambers of commerce, banking organizations, export management companies, export trad- ing companies, and private industry.'. (b) Section 9 of such Act (12 U.S.C. 635g) is amended— (1) in the first sentence of subsection (b), by inserting before the period at the end thereof the following: and of the activi- ties of the member of the Board appointed to represent the interests of small business"; and (2) by adding at the end thereof the following: "(c)(l) The Bank shall include in its annual report to the Congress a report on the allocation of the sums set aside for small business exports pursuant to section 2(b)(l)(E). (2) Such report shall specify— "(A) the total number and dollar volume of loans made from the sums set aside; Financing. 15 USC 632. 15 USC 662. Annual report to Congress. Ante, p. 1258.

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