,,ii ,cal5d> ,no4 #aha #aac? ,,congress #a/ ,session ,s4 #gah ,report ,no4 #aac-ajc ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,april #aa1 #bjac,mr4 ,durb9 7= himself1 ,mr4 ,boozman1 ,mr4 ,coons1 ,ms4 ,l&rieu1 ,mr4 ,c>d91 ,mr4 ,br[n1 ,mr4 ,casey1 ,mr4 ,kirk1 ,mr4 ,leahy1 & ,mr4 ,begi*7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,=eign ,relations ,septemb] #aj1 #bjac,report$ by ,mr4 ,m55dez1 ) an amendment,strike out all aft] ! enact+ clause & ins]t ! "p pr9t$ 9 italic ,a ,,bill ,to create jobs 9 ! ,unit$ ,/ates by increas+ ,unit$ ,/ates exports to ,africa by at lea/ #bjj p]c5t 9 real doll> value )9 #aj ye>s1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,increas+ ,am]ican ,jobs ,?r\gh ,great] ,exports to ,africa ,act ( #bjac4 #b4 ,f9d+s2 purpose 7a7 ,f9d+s ,congress makes ! foll[+ f9d+s3 7#a7 ,export gr[? helps ,unit$ ,/ates bus9esses gr[ & create ,am]ican jobs4 ,9 #bjaa1 ,unit$ ,/ates exports support$ #i1gjj1jjj jobs & #ig4h p]c5t ( ,unit$ ,/ates exports came f small- & m$ium-siz$ bus9esses 9 #bjaj4 7#b7 ,! m ?an #bj ,f$]al ag5cies t are involv$ 9 export promotion & f9anc+ are n suffici5tly coord9at$ to adequately exp& ,unit$ ,/ates comm]cial exports to ,africa4 7#c7 ,! ,presid5t has tak5 /eps to improve h[ ! ,unit$ ,/ates ,gov]nm5t supports ,am]ican bus9esses by m&at+ an executive review across ag5cies & a new ,do+ ,bus9ess 9 ,africa initiative1 b a sub/antially great] high-level focus on ,africa is ne$$4 7#d7 ,_m o!r c\ntries h trade promotion programs t aggressively compete aga9/ ,unit$ ,/ates exports 9 ,africa & ar\nd ! _w4 ,= example1 9 #bjaj1 m$ium- & long-t]m (ficial export cr$it g5]al volumes f ! ,gr\p ( #g c\ntries 7,canada1 ,france1 ,g]many1 ,italy1 ,japan1 ! ,unit$ ,k+dom1 & ! ,unit$ ,/ates7 total$ #fe1djj1jjj1jjj4 ,g]many provid$ ! l>ge/ level ( support at #bb1ejj1jjj1jjj1 foll[$ by ,france at #ag1djj1jjj1jjj & ! ,unit$ ,/ates at #ac1jjj1jjj1jjj4 ,(ficial export cr$it support by em]g+ m>ket economies su* z ,brazil1 ,*9a1 & ,india are significant z well4 7#e7 ,betwe5 #bjjh & #bjaj1 ,*9a alone provid$ m ?an #aaj1jjj1jjj1jjj 9 loans to ! develop+ _w1 &1 9 #bjji1 ,*9a surpass$ ! ,unit$ ,/ates z ! lead+ trade p>tn] ( ,african c\ntries4 ,9 ! la/ #aj ye>s1 ,african trade ) ,*9a has increas$ f #aa1jjj1jjj1jjj to #aff1jjj1jjj1jjj4 7#f7 ,! ,export-,import ,bank ( ! ,unit$ ,/ates sub/antially increas$ l5d+ to ,unit$ ,/ates bus9esses focus$ on ,africa f #djj1jjj1jjj 9 #bjji to #a1djj1jjj1jjj 9 #bjaa1 b ! ,export-,import ,bank ( ,*9a dw>f$ ?is ef=t ) an e/imat$ #ab1jjj1jjj1jjj wor? ( f9anc+4 ,ov]all1 ,*9a is outpac+ ! ,unit$ ,/ates 9 sell+ goods to ,africa at a rate ( #c to #a4 7#g7 ,o!r c\ntries su* z ,india1 ,turkey1 ,russia1 & ,brazil are also aggressively seek+ m>kets 9 ,africa us+ _! national export banks to provide concessional assi/ance4 7#h7 ,! ,*9ese practice ( concessional f9anc+ runs contr>y to ! pr9ciples ( ! ,organization ( ,economic ,co-op]ation & ,developm5t relat$ to op5 m>ket rates1 und]m9es naturally competitive rates1 & c all[ gov]nm5ts 9 ,africa to ov]look ! tr\bl+ record on labor practices1 human rights1 & environm5tal impact4 7#i7 ,z /at$ 9 a rec5t report entitl$ ,embrac+ ,africa's ,economic ,pot5tial by ,s5ator ,*ris ,coons1 ,economic gr[? 9 ,africa has ris5 dramatically1 b ! cont95t's va/ economic pot5tial has n yet be5 fully realiz$ by ! ,u4,s4 ,gov]nm5t or ! ,am]ican private sector44 7#aj7 ,! ,african cont95t is und]go+ a p]iod ( rapid gr[? & middle class developm5t1 z se5 f major indicators su* z ,int]net use1 clean wat] access1 & real income gr[?4 ,9 ! la/ decade alone1 ! p]c5tage ( ! population ) access to ! ,int]net has d\bl$4 ,sev5ty-eight p]c5t ( ,africa's rural population n[ has access to clean wat]4 ,ov] ! pa/ #aj ye>s1 real income p] p]son 9 ,africa has gr[n by m ?an #cj p]c5t4 7#aa7 ,economi/s h designat$ ,africa z ! next fronti] m>ket1 ) pr(itability ( _m ,african firms & gr[? rates ( ,african c\ntries exce$+ global av]ages 9 rec5t ye>s4 ,c\ntries 9 ,africa h a collective sp5d+ p[] ( almo/ #i1jjj1jjj1jjj & a gross dome/ic product ( #a1fjj1jjj1jjj1jjj1 :i* are project$ to d\ble 9 ! next #aj ye>s4 7#ab7 ,9 ! pa/ #aj ye>s1 ,africa has be5 home to #f ( ! #aj fa/e/ gr[+ economies 9 ! _w4 ,sub-,sah>an ,africa is project$ to h ! fa/e/ gr[+ economies 9 ! _w ov] ! next #aj ye>s1 ) #g ( ! #aj fa/e/ gr[+ economies locat$ 9 sub-,sah>an ,africa4 7#ac7 ,:5 c\ntries su* z ,*9a assi/ ) l>ge-scale gov]nm5t projects1 !y also ga9 an upp] h& 9 relations ) ,african lead]s & access to valuable commodities su* z oil & copp]1 typically )\t reg>d to environm5tal1 human rights1 labor1 or gov]nance /&>ds4 7#ad7 ,unless ! ,unit$ ,/ates c (f] competitive f9anc+ = its firms 9 ,africa1 x w be depriv$ ( opportunities to p>ticipate 9 ,african ef=ts to close ! cont95t's significant infra/ructure gap t am\nts to an e/imat$ #ajj1jjj1jjj1jjj4 7b7 ,purpose ,! purpose ( ?is ,act is to create jobs 9 ! ,unit$ ,/ates by exp&+ programs t w result 9 increas+ ,unit$ ,/ates exports to ,africa by #bjj p]c5t 9 real doll> value )9 #aj ye>s4 #c4 ,def9itions ,9 ?is ,act3 7#a7 ,africa ,! t]m ,africa ref]s to ! entire cont95t ( ,africa & its #ed c\ntries1 includ+ ! ,republic ( ,s\? ,sudan4 7#b7 ,african ,diaspora ,! t]m ,african diaspora means ! p ( ,african orig9 liv+ 9 ! ,unit$ ,/ates1 irrespective ( _! citiz5%ip & nationality1 :o are will+ to contribute to ! developm5t ( ,africa4 7#c7 ,,agoa ,! t]m ,,agoa means ! ,african ,gr[? & ,opportunity ,act 7#ai ,u4,s4,c4 #cgja et seq474 7#d7 ,appropriate congressional committees ,! t]m appropriate congressional committees means-- 7,a7 ! ,committee on ,appropriations1 ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs1 ! ,committee on ,=eign ,relations1 & ! ,committee on ,f9ance ( ! ,s5ate2 & 7,b7 ! ,committee on ,appropriations1 ! ,committee on ,en]gy & ,comm]ce1 ! ,committee on ,f9ancial ,s]vices1 ! ,committee on ,=eign ,affairs1 & ! ,committee on ,ways & ,means ( ! ,h\se ( ,repres5tatives4 7#e7 ,developm5t ag5cies ,! t]m developm5t ag5cies includes ! ,dep>tm5t ( ,/ate1 ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t 7,,usaid71 ! ,mill5nium ,*all5ge ,corporation 7,,mcc71 ! ,ov]seas ,private ,inve/m5t ,corporation 7,,opic71 ! ,unit$ ,/ates ,trade & ,developm5t ,ag5cy 7,,u/da71 ! ,unit$ ,/ates ,dep>tm5t ( ,agriculture 7,,usda71 & relevant multilat]al developm5t banks4 7#f7 ,trade ,policy ,/aff ,committee ,! t]m ,trade ,policy ,/aff ,committee means ! ,trade ,policy ,/aff ,committee e/abli%$ pursuant to section #bjjb4b ( title #ae1 ,code ( ,f$]al ,regulations1 & is compos$ ( repres5tatives ( ,f$]al ag5cies 9 *>ge ( develop+ & coord9at+ ,unit$ ,/ates positions on int]national trade & trade-relat$ inve/m5t issues4 7#g7 ,multilat]al developm5t banks ,! t]m multilat]al developm5t banks has ! mean+ giv5 t t]m 9 section #agja7;c77#d7 ( ! ,int]national ,f9ancial ,in/itutions ,act 7#bb ,u4,s4,c4 #bfbr7c77#d77 & includes ! ,african ,developm5t ,f\ndation4 7#h7 ,sub-,sah>an region ,! t]m sub-,sah>an region ref]s to ! #di c\ntries li/$ 9 section #ajg ( ! ,african ,gr[? & ,opportunity ,act 7#ai ,u4,s4,c4 #cgjf7 & includes ! ,republic ( ,s\? ,sudan4 7#i7 ,trade ,promotion ,coord9at+ ,committee ,! t]m ,trade ,promotion ,coord9at+ ,committee means ! ,trade ,promotion ,coord9at+ ,committee e/abli%$ by ,executive ,ord] #abhgj 7#eh ,f$4 ,reg4 #eagec74 7#aj7 ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice ,! t]m ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice means ! ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice e/abli%$ by section #bcja ( ! ,export ,enhancem5t ,act ( #aihh 7#ae ,u4,s4,c4 #dgba74 #d4 ,/rategy 7a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,presid5t %all e/abli% a compreh5sive ,unit$ ,/ates /rategy = public & private inve/m5t1 trade1 & developm5t 9 ,africa4 7b7 ,focus ( /rategy ,! /rategy requir$ by subsection 7a7 %all focus on-- 7#a7 increas+ exports ( ,unit$ ,/ates goods & s]vices to ,africa by #bjj p]c5t 9 real doll> value )9 #aj ye>s f ! date ( ! enactm5t ( ?is ,act2 7#b7 promot+ ! alignm5t ( ,unit$ ,/ates comm]cial int]e/s ) developm5t priorities 9 ,africa2 7#c7 develop+ relation%ips betwe5 ! gov]nm5ts ( c\ntries 9 ,africa & ,unit$ ,/ates bus9esses t h an exp]tise 9 su* issues z infra/ructure developm5t1 te*nology1 telecommunications1 en]gy1 & agriculture2 7#d7 improv+ ! competitiv5ess ( ,unit$ ,/ates bus9esses 9 ,africa1 includ+ ! role ! ,african diaspora c play 9 enhanc+ su* competitiv5ess2 7#e7 explor+ ways t ,african diaspora remittances c help communities 9 ,africa tackle economic1 developm5t1 & infra/ructure f9anc+ ne$s2 7#f7 promot+ economic integration 9 ,africa ?r\gh work+ ) ! subregional economic communities1 support+ ef=ts = deep] integration ?r\gh ! developm5t ( cu/oms unions )9 we/]n & c5tral ,africa & )9 ea/]n & s\!rn ,africa1 elim9at+ "t-consum+ bord] =malities into & )9 ^! areas1 & support+ regionally bas$ infra/ructure projects2 7#g7 enc\rag+ a great] und]/&+ among ,unit$ ,/ates bus9ess & f9ancial communities ( ! opportunities ,africa holds = ,unit$ ,/ates exports2 7#h7 fo/]+ p>tn]%ip opportunities betwe5 ,unit$ ,/ates & ,african small- & m$ium-siz$ ent]prises2 & 7#i7 monitor+-- 7,a7 m>ket loan rates & ! availability ( capital = ,unit$ ,/ates bus9ess inve/m5t 9 ,africa2 7,b7 loan rates (f]$ by ! gov]nm5ts ( o!r c\ntries = inve/m5t 9 ,africa2 & 7,c7 ! policies ( o!r c\ntries ) respect to export f9anc+ = inve/m5t 9 ,africa t are pr$atory or di/ort m>kets4 7c7 ,consultations ,9 develop+ ! /rategy requir$ by subsection 7a71 ! ,presid5t %all consult )-- 7#a7 ,congress2 7#b7 ea* ag5cy t is a memb] ( ! ,trade ,promotion ,coord9at+ ,committee2 7#c7 ! relevant multilat]al developm5t banks1 9 coord9ation ) ! ,secret>y ( ! ,treasury & ! respective ,unit$ ,/ates ,executive ,directors ( su* banks2 7#d7 ea* ag5cy t p>ticipates 9 ! ,trade ,policy ,/aff ,committee2 7#e7 ! ,presid5t's ,national ,export ,c\ncil2 7#f7 ea* ( ! developm5t ag5cies2 7#g7 any o!r ,f$]al ag5cies ) responsibility = export promotion or f9anc+ & developm5t2 & 7#h7 ! private sector1 includ+ bus9esses1 nongov]nm5tal organizations1 & ,african diaspora gr\ps4 7d7 ,submission to ,congress 7#a7 ,/rategy ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,presid5t %all submit to ,congress ! /rategy requir$ by subsection 7a74 7#b7 ,progress report ,n lat] ?an #c ye>s aft] ! date ( ! enactm5t ( ?is ,act1 ! ,presid5t %all submit to ,congress a report on ! implem5tation ( ! /rategy requir$ by subsection 7a74 7#c7 ,cont5t ( report ,! report requir$ by p>agraph 7#b7 %all include an assessm5t ( ! ext5t to :i* ! /rategy requir$ by subsection 7a7-- 7,a7 has be5 successful 9 develop+ critical analyses ( policies to increase exports to ,africa2 7,b7 has be5 successful 9 increas+ ! competitiv5ess ( ,unit$ ,/ates bus9esses 9 ,africa2 7,c7 has be5 successful 9 creat+ jobs 9 ! ,unit$ ,/ates1 includ+ ! nature & su/a9ability ( su* jobs2 7,d7 has provid$ suffici5t ,unit$ ,/ates ,gov]nm5t support to meet ?ird c\ntry competition 9 ! region2 7,e7 has be5 successful 9 help+ ! ,african diaspora 9 ! ,unit$ ,/ates p>ticipate 9 economic gr[? 9 ,africa2 7,f7 has be5 successful 9 promot+ economic integration 9 ,africa2 & 7,g7 has made a mean+ful contribution to ! trans=mation ( ,africa & its full integration into ! #ba/ c5tury _w economy1 n only z a suppli] ( prim>y products b also z full p>ticipant 9 int]national supply & di/ribution *a9s & z a consum] ( int]national goods & s]vices4 #e4 ,special ,africa ,/rategy ,coord9ator ,! ,presid5t %all designate an individual to s]ve z ,special ,africa ,export ,/rategy ,coord9ator-- 7#a7 to ov]see ! developm5t & implem5tation ( ! /rategy requir$ by section #d2 & 7#b7 to coord9ate ) ! ,trade ,promotion ,coord9at+ ,committee1 7! int]ag5cy ,,agoa committees71 & developm5t ag5cies ) respect to develop+ & implem5t+ ! /rategy4 #f4 ,trade mission to ,africa ,x is ! s5se ( ,congress t1 n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ,comm]ce & o!r high-level (ficials ( ! ,unit$ ,/ates ,gov]nm5t ) responsibility = export promotion1 f9anc+1 & developm5t %\ld conduct a jo9t trade mission to ,africa4 #g4 ,p]sonnel 7a7 ,unit$ ,/ates & =eign comm]cial s]vice 7#a7 ,9 g5]al ,! ,secret>y ( ,comm]ce %all ensure t n less ?an #aj total ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice (fic]s are assign$ to ,africa = ea* ( ! fir/ #e fiscal ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 7#b7 ,assignm5t ,! ,secret>y %all1 9 consultation ) ! ,trade ,promotion ,coord9at+ ,committee & ! ,special ,africa ,export ,/rategy ,coord9ator1 assign ! ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice (fic]s describ$ 9 p>agraph 7#a7 to ,unit$ ,/ates embassies 9 ,africa aft] conduct+ a timely res\rce allocation analysis t repres5ts a =w>d-look+ assessm5t ( future ,unit$ ,/ates trade opportunities 9 ,africa4 7#c7 ,multilat]al developm5t banks 7,a7 ,9 g5]al ,z soon z practicable aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ,comm]ce %all1 us+ exi/+ /aff1 assign n less ?an #a full-"t ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice (fic] to ! (fice ( ! ,unit$ ,/ates ,executive ,director at ! ,_w ,bank & ! ,african ,developm5t ,bank4 7,b7 ,responsibilities ,ea* ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice (fic] assign$ "u subp>agraph 7,a7 %all be responsible =-- 7i7 increas+ ! access ( ,unit$ ,/ates bus9esses to procurem5t contracts ) ! multilat]al developm5t bank to :i* ! (fic] is assign$2 & 7ii7 facilitat+ ! access ( ,unit$ ,/ates bus9esses to risk insurance1 equity inve/m5ts1 consult+ s]vices1 & l5d+ provid$ by t bank4 7b7 ,export-,import ,bank ( ! ,unit$ ,/ates ,( ! am\nts collect$ by ! ,export-,import ,bank t rema9 aft] pay+ ! exp5ses ! ,bank is au?oriz$ to pay f su* am\nts = adm9i/rative exp5ses1 ! ,bank %all use suffici5t funds to d ! foll[+3 7#a7 ,increase ! numb] ( /aff d$icat$ to exp&+ bus9ess developm5t = ,africa1 includ+ increas+ ! numb] ( bus9ess developm5t trips ! ,bank conducts to ,africa & ! am\nt ( "t /aff sp5ds 9 ,africa to meet ! goals set =? 9 section #i & p>agraph 7#d7 ( section #f7;a7 ( ! ,export-,import ,bank ( #aide1 z add$ by section #i7;a77#b74 7#b7 ,ma9ta9 an appropriate numb] ( employees ( ! ,bank assign$ to ,unit$ ,/ates field (fices ( ! ,bank to be di/ribut$ z geographically appropriate ?r\gh ! ,unit$ ,/ates4 ,su* (fices %all coord9ate ) ! relat$ export ef=ts und]tak5 by ! ,small ,bus9ess ,adm9i/ration regional field (fices4 7#c7 ,upgrade ! ,bank's equipm5t & s(tw>e to m exp$iti\sly1 effectively1 & effici5tly process & track applications = f9anc+ receiv$ by ! ,bank4 7c7 ,ov]seas ,private ,inve/m5t ,corporation 7#a7 ,/aff+ ,( ! net (fsett+ collections collect$ by ! ,ov]seas ,private ,inve/m5t ,corporation us$ = adm9i/rative exp5ses1 ! ,corporation %all use suffici5t funds to increase by n m ?an #e ! /aff ne$$ to promote /able & su/a9able economic gr[? & developm5t 9 ,africa1 to /r5g!n & exp& ! private sector 9 ,africa1 & to facilitate ! g5]al economic developm5t ( ,africa1 ) a p>ticul> focus on help+ ,unit$ ,/ates bus9esses exp& into ,african m>kets4 7#b7 ,report ,! ,corporation %all report to ! appropriate congressional committees on :e!r rec5t te*nology upgrades h result$ 9 m effective & effici5t process+ & track+ ( applications = f9anc+ receiv$ by ! ,corporation4 7#c7 ,c]ta9 co/s n consid]$ adm9i/rative exp5ses ,= purposes ( ?is subsection1 sy/ems infra/ructure co/s associat$ ) activities au?oriz$ by title ,,iv ( *apt] #b ( "p ,i ( ! ,=eign ,assi/ance ,act ( #aifa 7#bb ,u4,s4,c4 #bca et seq47 %all n be consid]$ adm9i/rative exp5ses4 7d7 ,rule ( con/ruction ,no?+ 9 ?is section %all be con/ru$ z p]mitt+ ! r$uction ( ,dep>tm5t ( ,comm]ce1 ,dep>tm5t ( ,/ate1 ,export-,import ,bank1 or ,ov]seas ,private ,inve/m5t ,corporation p]sonnel or ! alt]ation ( plann$ p]sonnel increases 9 o!r regions1 except :]e a p]sonnel decrease 0 previ\sly anticipat$ or :]e decreas$ export opportunities ju/ify p]sonnel r$uctions4 #h4 ,tra9+ ,! ,presid5t %all develop a plan-- 7#a7 to /&>dize ! tra9+ receiv$ by ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice (fic]s1 economic (fic]s ( ! ,dep>tm5t ( ,/ate1 & economic (fic]s ( ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t ) respect to ! programs & proc$ures ( ! ,export-,import ,bank ( ! ,unit$ ,/ates1 ! ,ov]seas ,private ,inve/m5t ,corporation1 ! ,small ,bus9ess ,adm9i/ration1 & ! ,unit$ ,/ates ,trade & ,developm5t ,ag5cy2 & 7#b7 to ensure t1 n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is ,act-- 7,a7 all ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice (fic]s t are /ation$ ov]seas receive ! tra9+ describ$ 9 p>agraph 7#a72 & 7,b7 9 ! case ( a c\ntry to :i* no ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice (fic] is assign$1 any economic (fic] ( ! ,dep>tm5t ( ,/ate /ation$ 9 t c\ntry %all receive t tra9+4 #i4 ,export-,import ,bank ,f9anc+ 7a7 ,f9anc+ = projects 9 ,africa 7#a7 ,s5se ( ,congress ,x is ! s5se ( ,congress t =eign export cr$it ag5cies are provid+ non-,,oecd arrangem5t compliant f9anc+ 9 ,africa1 :i* is trade di/ort+ & ?reat5s ,unit$ ,/ates jobs4 7#b7 ,9 g5]al ,section #f7;a7 ( ! ,export-,import ,bank ,act ( #aide 7#ab ,u4,s4,c4 #fce;e7a77 is am5d$ by add+ at ! end ! foll[+3 7#d7 ,p]c5t ( f9anc+ to be us$ = projects 9 africa ,! ,bank %all1 to ! ext5t t !re are acceptable f9al applications1 increase ! am\nt x f9ances to ,africa ov] ! prior ye>'s f9anc+ = ea* ( ! fir/ five fiscal ye>s beg9n+ aft] ! date ( ! enactm5t ( ! ,increas+ ,am]ican ,jobs ,?r\gh ,great] ,exports to ,africa ,act ( #bjac4 4 7#c7 ,report ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is ,act1 & annually !reaft] = #e ye>s1 ! ,export-,import ,bank %all report to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs1 ! ,committee on ,=eign ,relations1 & ! ,committee on ,appropriations ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices1 ! ,committee on ,=eign ,affairs1 & ! ,committee on ,appropriations ( ! ,h\se ( ,repres5tatives if ! ,bank has n us$ at lea/ #aj p]c5t ( its l5d+ capabilities = projects 9 ,africa z describ$ 9 p>agraph 7#d7 ( section #f7;a7 ( ! ,export-,import ,bank ( #aide1 z add$ by p>agraph 7#b74 ,! report %all include ! reasons :y ! ,bank fail$ to rea* ?is goal & a description ( all f9al applications = projects 9 ,africa t 7 deem$ unwor?y ( ,bank support4 7b7 ,availability ( portion ( capitalization ,to compete aga9/ =eign concessional loans 7#a7 ,9 g5]al ,! ,bank %all make available annually su* am\nts z are necess>y = loans t c\nt] trade di/ort+ non-,,oecd arrangem5t compliant f9anc+ or pref]5tial1 ti$ aid1 or o!r relat$ non-m>ket loans (f]$ by o!r nations = :i* ,unit$ ,/ates companies are also compet+ or int]e/$ 9 compet+4 7#b7 ,report ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is ,act1 & annually !reaft] = #e ye>s1 ! ,export-,import ,bank %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs1 ! ,committee on ,=eign ,relations1 & ! ,committee on ,appropriations ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices1 ! ,committee on ,=eign ,affairs1 & ! ,committee on ,appropriations ( ! ,h\se ( ,repres5tatives a report on all loans made or reject$ t 7 consid]$ to c\nt] non-,,oecd arrangem5t compliant f9anc+ (f]$ by o!r nations to its firms4 ,! report %all n disclose any in=mation t is confid5tial or bus9ess propriet>y1 or t w\ld violate section #aije ( title #ah1 ,unit$ ,/ates ,code 7commonly ref]r$ to z ! ,trade ,secrets ,act74 ,! report %all include a description ( trade di/ort+ non-,,oecd arrangem5t compliant f9anc+ loans made by o!r c\ntries dur+ t fiscal ye> to firms t compet$ aga9/ ! ,unit$ ,/ates firms4 #aj4 ,small ,bus9ess ,adm9i/ration ,section #bb7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdi7;b77 is am5d$-- 7#a7 9 ! matt] prec$+ p>agraph 7#a71 by ins]t+ ! ,trade ,promotion ,coord9at+ ,committee1 aft] ,director ( ! ,unit$ ,/ates ,trade & ,developm5t ,ag5cy12 & 7#b7 9 p>agraph 7#c71 by ins]t+ regional (fices ( ! ,export-,import ,bank1 aft] ,retir$ ,executives14 #aa4 ,bilat]al1 subregional & regional1 & multilat]al agreem5ts ,:]e applicable1 ! ,presid5t %all explore opportunities to negotiate bilat]al1 subregional1 & regional agreem5ts t enc\rage trade & elim9ate nont>iff b>ri]s to trade betwe5 c\ntries1 su* z negotiat+ inve/or fri5dly d\ble-taxation treaties & inve/m5t promotion agreem5ts4 ,unit$ ,/ates negotiators 9 multilat]al =um %\ld take into acc\nt ! objectives ( ?is ,act4 ,to ! ext5t any su* agreem5ts exi/ betwe5 ! ,unit$ ,/ates & an ,african c\ntry1 ! ,presid5t %all ensure t ! agreem5t is be+ implem5t$ 9 a mann] t maximizes ! positive effects = ,unit$ ,/ates trade1 export1 & labor int]e/s z well z ! economic developm5t ( ! c\ntries 9 ,africa4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,increas+ ,am]ican ,jobs ,?r\gh ,great] ,exports to ,africa ,act ( #bjac4 #b4 ,f9d+s2 purpose 7a7 ,f9d+s ,congress makes ! foll[+ f9d+s3 7#a7 ,export gr[? helps ,unit$ ,/ates bus9esses gr[ & create ,am]ican jobs4 ,9 #bjaa1 ,unit$ ,/ates exports support$ #i1gjj1jjj jobs & #ig4h p]c5t ( ,unit$ ,/ates exports came f small- & m$ium-siz$ bus9esses 9 #bjaj4 7#b7 ,! m ?an #bj ,f$]al ag5cies t are involv$ 9 export promotion & f9anc+ are n suffici5tly coord9at$ to adequately exp& ,unit$ ,/ates comm]cial exports to ,africa4 7#c7 ,! ,presid5t has tak5 /eps to improve h[ ! ,unit$ ,/ates ,gov]nm5t supports ,am]ican bus9esses by m&at+ an executive review across ag5cies & a new ,do+ ,bus9ess 9 ,africa initiative1 b a sub/antially great] high-level focus on ,africa is ne$$4 7#d7 ,_m o!r c\ntries h trade promotion programs t aggressively compete aga9/ ,unit$ ,/ates exports 9 ,africa & ar\nd ! _w4 ,= example1 9 #bjaj1 m$ium- & long-t]m (ficial export cr$it g5]al volumes f ! ,gr\p ( #g c\ntries 7,canada1 ,france1 ,g]many1 ,italy1 ,japan1 ! ,unit$ ,k+dom1 & ! ,unit$ ,/ates7 total$ #fe1djj1jjj1jjj4 ,g]many provid$ ! l>ge/ level ( support at #bb1ejj1jjj1jjj1 foll[$ by ,france at #ag1djj1jjj1jjj & ! ,unit$ ,/ates at #ac1jjj1jjj1jjj4 ,(ficial export cr$it support by em]g+ m>ket economies su* z ,brazil1 ,*9a1 & ,india are significant z well4 7#e7 ,betwe5 #bjjh & #bjaj1 ,*9a alone provid$ m ?an #aaj1jjj1jjj1jjj 9 loans to ! develop+ _w1 &1 9 #bjji1 ,*9a surpass$ ! ,unit$ ,/ates z ! lead+ trade p>tn] ( ,african c\ntries4 ,9 ! la/ #aj ye>s1 ,african trade ) ,*9a has increas$ f #aa1jjj1jjj1jjj to #aff1jjj1jjj1jjj4 7#f7 ,! ,export-,import ,bank ( ! ,unit$ ,/ates sub/antially increas$ l5d+ to ,unit$ ,/ates bus9esses focus$ on ,africa f #djj1jjj1jjj 9 #bjji to #a1djj1jjj1jjj 9 #bjaa1 b ! ,export-,import ,bank ( ,*9a dw>f$ ?is ef=t ) an e/imat$ #ab1jjj1jjj1jjj wor? ( f9anc+4 ,ov]all1 ,*9a is outpac+ ! ,unit$ ,/ates 9 sell+ goods to ,africa at a rate ( #c to #a4 7#g7 ,o!r c\ntries su* z ,india1 ,turkey1 ,russia1 & ,brazil are also aggressively seek+ m>kets 9 ,africa us+ _! national export banks to provide concessional assi/ance4 7#h7 ,! ,*9ese practice ( concessional f9anc+ runs contr>y to ! pr9ciples ( ! ,organization ( ,economic ,co-op]ation & ,developm5t relat$ to op5 m>ket rates1 und]m9es naturally competitive rates1 & c all[ gov]nm5ts 9 ,africa to ov]look ! tr\bl+ record on labor practices1 human rights1 & environm5tal impact4 7#i7 ,z /at$ 9 a rec5t report entitl$ ,embrac+ ,africa's ,economic ,pot5tial by ,s5ator ,*ris ,coons1 ,economic gr[? 9 ,africa has ris5 dramatically1 b ! cont95t's va/ economic pot5tial has n yet be5 fully realiz$ by ! ,u4,s4 ,gov]nm5t or ! ,am]ican private sector4 7#aj7 ,! ,african cont95t is und]go+ a p]iod ( rapid gr[? & middle class developm5t1 z se5 f major indicators su* z ,int]net use1 clean wat] access1 & real income gr[?4 ,9 ! la/ decade alone1 ! p]c5tage ( ! population ) access to ! ,int]net has d\bl$4 ,sev5ty-eight p]c5t ( ,africa's rural population n[ has access to clean wat]4 ,ov] ! pa/ #aj ye>s1 real income p] p]son 9 ,africa has gr[n by m ?an #cj p]c5t4 ,su* economic gr[? w exp& ev5 fa/] if m reliable en]gy production is a*iev$--a bus9ess sector 9 :i* ,am]ican indu/ry excels4 7#aa7 ,economi/s h designat$ ,africa z ! next fronti] m>ket1 ) pr(itability ( _m ,african firms & gr[? rates ( ,african c\ntries exce$+ global av]ages 9 rec5t ye>s4 ,c\ntries 9 ,africa h a collective sp5d+ p[] ( almo/ #i1jjj1jjj1jjj & a gross dome/ic product ( #a1fjj1jjj1jjj1jjj1 :i* are project$ to d\ble 9 ! next #aj ye>s4 7#ab7 ,9 ! pa/ #aj ye>s1 ,africa has be5 home to #f ( ! #aj fa/e/ gr[+ economies 9 ! _w4 ,sub-,sah>an ,africa is project$ to h ! fa/e/ gr[+ economies 9 ! _w ov] ! next #aj ye>s1 ) #g ( ! #aj fa/e/ gr[+ economies locat$ 9 sub-,sah>an ,africa4 7#ac7 ,:5 c\ntries su* z ,*9a assi/ ) l>ge-scale gov]nm5t projects1 !y also ga9 an upp] h& 9 relations ) ,african lead]s & access to valuable commodities su* z oil & copp]1 typically )\t reg>d to environm5tal1 human rights1 labor1 or gov]nance /&>ds4 7#ad7 ,unless ! ,unit$ ,/ates c (f] competitive f9anc+ = its firms 9 ,africa1 x w be depriv$ ( opportunities to p>ticipate 9 ,african ef=ts to close ! cont95t's significant infra/ructure gap t am\nts to an e/imat$ #ajj1jjj1jjj1jjj4 7b7 ,purpose ,! purpose ( ?is ,act is to create jobs 9 ! ,unit$ ,/ates by exp&+ programs t w result 9 increas+ ,unit$ ,/ates exports to ,africa by #bjj p]c5t 9 real doll> value )9 #aj ye>s4 #c4 ,def9itions ,9 ?is ,act3 7#a7 ,africa ,! t]m ,africa ref]s to ! entire cont95t ( ,africa & its #ed c\ntries1 includ+ ! ,republic ( ,s\? ,sudan4 7#b7 ,african ,diaspora ,! t]m ,african diaspora means ! p ( ,african orig9 liv+ 9 ! ,unit$ ,/ates1 irrespective ( _! citiz5%ip & nationality1 :o are will+ to contribute to ! developm5t ( ,africa4 7#c7 ,,agoa ,! t]m ,,agoa means ! ,african ,gr[? & ,opportunity ,act 7#ai ,u4,s4,c4 #cgja et seq474 7#d7 ,appropriate congressional committees ,! t]m appropriate congressional committees means-- 7,a7 ! ,committee on ,appropriations1 ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs1 ! ,committee on ,=eign ,relations1 & ! ,committee on ,f9ance ( ! ,s5ate2 & 7,b7 ! ,committee on ,appropriations1 ! ,committee on ,en]gy & ,comm]ce1 ! ,committee on ,f9ancial ,s]vices1 ! ,committee on ,=eign ,affairs1 & ! ,committee on ,ways & ,means ( ! ,h\se ( ,repres5tatives4 7#e7 ,developm5t ag5cies ,! t]m developm5t ag5cies includes ! ,dep>tm5t ( ,/ate1 ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t 7,,usaid71 ! ,mill5nium ,*all5ge ,corporation 7,,mcc71 ! ,ov]seas ,private ,inve/m5t ,corporation 7,,opic71 ! ,unit$ ,/ates ,trade & ,developm5t ,ag5cy 7,,u/da71 ! ,unit$ ,/ates ,dep>tm5t ( ,agriculture 7,,usda71 & relevant multilat]al developm5t banks4 7#f7 ,trade ,policy ,/aff ,committee ,! t]m ,trade ,policy ,/aff ,committee means ! ,trade ,policy ,/aff ,committee e/abli%$ pursuant to section #bjjb4b ( title #ae1 ,code ( ,f$]al ,regulations1 & is compos$ ( repres5tatives ( ,f$]al ag5cies 9 *>ge ( develop+ & coord9at+ ,unit$ ,/ates positions on int]national trade & trade-relat$ inve/m5t issues4 7#g7 ,multilat]al developm5t banks ,! t]m multilat]al developm5t banks has ! mean+ giv5 t t]m 9 section #agja7;c77#d7 ( ! ,int]national ,f9ancial ,in/itutions ,act 7#bb ,u4,s4,c4 #bfbr7c77#d77 & includes ! ,african ,developm5t ,f\ndation4 7#h7 ,sub-,sah>an region ,! t]m sub-,sah>an region ref]s to ! #di c\ntries li/$ 9 section #ajg ( ! ,african ,gr[? & ,opportunity ,act 7#ai ,u4,s4,c4 #cgjf7 & includes ! ,republic ( ,s\? ,sudan4 7#i7 ,trade ,promotion ,coord9at+ ,committee ,! t]m ,trade ,promotion ,coord9at+ ,committee means ! ,trade ,promotion ,coord9at+ ,committee e/abli%$ by ,executive ,ord] #abhgj 7#eh ,f$4 ,reg4 #eagec74 7#aj7 ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice ,! t]m ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice means ! ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice e/abli%$ by section #bcja ( ! ,export ,enhancem5t ,act ( #aihh 7#ae ,u4,s4,c4 #dgba74 #d4 ,/rategy 7a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,presid5t %all e/abli% a compreh5sive ,unit$ ,/ates /rategy = public & private inve/m5t1 trade1 & developm5t 9 ,africa4 7b7 ,focus ( /rategy ,! /rategy requir$ by subsection 7a7 %all focus on-- 7#a7 increas+ exports ( ,unit$ ,/ates goods & s]vices to ,africa by #bjj p]c5t 9 real doll> value )9 #aj ye>s f ! date ( ! enactm5t ( ?is ,act2 7#b7 promot+ ! alignm5t ( ,unit$ ,/ates comm]cial int]e/s ) developm5t priorities 9 ,africa2 7#c7 develop+ relation%ips betwe5 ! gov]nm5ts ( c\ntries 9 ,africa & ,unit$ ,/ates bus9esses t h an exp]tise 9 su* issues z critical en]gy security1 infra/ructure developm5t1 te*nology1 telecommunications1 & agriculture2 7#d7 improv+ ! competitiv5ess ( ,unit$ ,/ates bus9esses 9 ,africa1 includ+ by enc\rag+ ! adoption ( ,unit$ ,/ates con/ruction codes & product /&>ds1 ) emphasis on ^? designat$ z ,am]ican ,national ,/&>ds by ! ,am]ican ,national ,/&>ds ,in/itute :]e applicable2 7#e7 explor+ ! role ! ,african diaspora c play 9 enhanc+ competitiv5ess ( ,unit$ ,/ates bus9esses 9 ,african & ways t ,african diaspora remittances c help communities 9 ,africa tackle economic1 developm5t1 & infra/ructure f9anc+ ne$s2 7#f7 promot+ economic integration 9 ,africa ?r\gh work+ ) ! subregional economic communities1 support+ ef=ts = deep] integration ?r\gh ! developm5t ( cu/oms unions )9 we/]n & c5tral ,africa & )9 ea/]n & s\!rn ,africa1 elim9at+ "t-consum+ bord] =malities into & )9 ^! areas1 & support+ regionally bas$ infra/ructure projects2 7#g7 enc\rag+ a great] und]/&+ among ,unit$ ,/ates bus9ess & f9ancial communities ( ! opportunities ,africa holds = ,unit$ ,/ates exports2 7#h7 fo/]+ p>tn]%ip opportunities betwe5 ,unit$ ,/ates & ,african small- & m$ium-siz$ ent]prises2 7#i7 support+ ,african entrepr5eur%ip & private sector developm5t z a means to su/a9able economic gr[? & security2 & 7#aj7 monitor+-- 7,a7 m>ket loan rates & ! availability ( capital = ,unit$ ,/ates bus9ess inve/m5t 9 ,africa2 7,b7 loan rates (f]$ by ! gov]nm5ts ( o!r c\ntries = inve/m5t 9 ,africa2 & 7,c7 ! policies ( o!r c\ntries ) respect to export f9anc+ = inve/m5t 9 ,africa t are pr$atory or di/ort m>kets4 7c7 ,consultations ,9 develop+ ! /rategy requir$ by subsection 7a71 ! ,presid5t %all consult )-- 7#a7 ,congress2 7#b7 ea* ag5cy t is a memb] ( ! ,trade ,promotion ,coord9at+ ,committee2 7#c7 ! relevant multilat]al developm5t banks1 9 coord9ation ) ! ,secret>y ( ! ,treasury & ! respective ,unit$ ,/ates ,executive ,directors ( su* banks2 7#d7 ea* ag5cy t p>ticipates 9 ! ,trade ,policy ,/aff ,committee2 7#e7 ! ,presid5t's ,national ,export ,c\ncil2 7#f7 ea* ( ! developm5t ag5cies2 7#g7 any o!r ,f$]al ag5cies ) responsibility = export promotion or f9anc+ & developm5t2 & 7#h7 ! private sector1 includ+ bus9esses1 nongov]nm5tal organizations1 & ,african diaspora gr\ps4 7d7 ,submission to ,congress 7#a7 ,/rategy ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,presid5t %all submit to ,congress ! /rategy requir$ by subsection 7a74 7#b7 ,progress report ,n lat] ?an #c ye>s aft] ! date ( ! enactm5t ( ?is ,act1 ! ,presid5t %all submit to ,congress a report on ! implem5tation ( ! /rategy requir$ by subsection 7a74 7#c7 ,cont5t ( report ,! report requir$ by p>agraph 7#b7 %all include an acc\nt+ ( all curr5t ,unit$ ,/ates ,gov]nm5t programs to promote exports to & trade ) ,africa & to assi/ ,unit$ ,/ates bus9esses compet+ 9 ! ,african m>ket z well z an assessm5t ( ! ext5t to :i* ! /rategy requir$ by subsection 7a7-- 7,a7 has be5 successful 9 develop+ critical analyses ( policies to increase exports to ,africa2 7,b7 has be5 successful 9 increas+ ! competitiv5ess ( ,unit$ ,/ates bus9esses 9 ,africa2 7,c7 has be5 successful 9 creat+ jobs 9 ! ,unit$ ,/ates1 includ+ ! nature & su/a9ability ( su* jobs2 7,d7 has provid$ suffici5t ,unit$ ,/ates ,gov]nm5t support to meet ?ird c\ntry competition 9 ! region2 7,e7 has be5 successful 9 help+ ! ,african diaspora 9 ! ,unit$ ,/ates p>ticipate 9 economic gr[? 9 ,africa2 7,f7 has be5 successful 9 promot+ economic integration 9 ,africa2 7,g7 has enc\rag$ specific policies & programs 9 ,africa :i* provide a /able1 safe1 & transp>5t environm5t 9 :i* bus9ess & entrepr5eur%ip c ?rive2 & 7,h7 has made a mean+ful contribution to ! trans=mation ( ,africa & its full integration into ! #ba/ c5tury _w economy1 n only z a suppli] ( prim>y products b also z full p>ticipant 9 int]national supply & di/ribution *a9s & z a consum] ( int]national goods & s]vices4 #e4 ,special ,africa ,/rategy ,coord9ator ,! ,presid5t %all designate an individual to s]ve z ,special ,africa ,export ,/rategy ,coord9ator-- 7#a7 to ov]see ! developm5t & implem5tation ( ! /rategy requir$ by section #d2 & 7#b7 to coord9ate ) ! ,trade ,promotion ,coord9at+ ,committee1 7! int]ag5cy ,,agoa committees71 & developm5t ag5cies ) respect to develop+ & implem5t+ ! /rategy4 #f4 ,trade mission to ,africa ,x is ! s5se ( ,congress t1 n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ,comm]ce & o!r high-level (ficials ( ! ,unit$ ,/ates ,gov]nm5t ) responsibility = export promotion1 f9anc+1 & developm5t %\ld conduct a jo9t trade mission to ,africa4 #g4 ,p]sonnel 7a7 ,unit$ ,/ates & =eign comm]cial s]vice 7#a7 ,9 g5]al ,! ,secret>y ( ,comm]ce %all ensure t n less ?an #aj total ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice (fic]s are assign$ to ,africa = ea* ( ! fir/ #e fiscal ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 7#b7 ,assignm5t ,! ,secret>y %all1 9 consultation ) ! ,trade ,promotion ,coord9at+ ,committee & ! ,special ,africa ,export ,/rategy ,coord9ator1 assign ! ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice (fic]s describ$ 9 p>agraph 7#a7 to ,unit$ ,/ates embassies 9 ,africa aft] conduct+ a timely res\rce allocation analysis t repres5ts a =w>d-look+ assessm5t ( future ,unit$ ,/ates trade opportunities 9 ,africa4 7#c7 ,multilat]al developm5t banks 7,a7 ,9 g5]al ,z soon z practicable aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ,comm]ce %all1 us+ exi/+ /aff1 assign n less ?an #a full-"t ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice (fic] to ! (fice ( ! ,unit$ ,/ates ,executive ,director at ! ,_w ,bank & ! ,african ,developm5t ,bank4 7,b7 ,responsibilities ,ea* ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice (fic] assign$ "u subp>agraph 7,a7 %all be responsible =-- 7i7 increas+ ! access ( ,unit$ ,/ates bus9esses to procurem5t contracts ) ! multilat]al developm5t bank to :i* ! (fic] is assign$2 & 7ii7 facilitat+ ! access ( ,unit$ ,/ates bus9esses to risk insurance1 equity inve/m5ts1 consult+ s]vices1 & l5d+ provid$ by t bank4 7b7 ,export-,import ,bank ( ! ,unit$ ,/ates ,( ! am\nts collect$ by ! ,export-,import ,bank t rema9 aft] pay+ ! exp5ses ! ,bank is au?oriz$ to pay f su* am\nts = adm9i/rative exp5ses1 ! ,bank %all use suffici5t funds to d ! foll[+3 7#a7 ,increase ! numb] ( /aff d$icat$ to exp&+ bus9ess developm5t = ,africa1 includ+ increas+ ! numb] ( bus9ess developm5t trips ! ,bank conducts to ,africa & ! am\nt ( "t /aff sp5ds 9 ,africa to meet ! goals set =? 9 section #i & p>agraph 7#d7 ( section #f7;a7 ( ! ,export-,import ,bank ( #aide1 z add$ by section #i7;a77#b74 7#b7 ,ma9ta9 an appropriate numb] ( employees ( ! ,bank assign$ to ,unit$ ,/ates field (fices ( ! ,bank to be di/ribut$ z geographically appropriate ?r\gh ! ,unit$ ,/ates4 ,su* (fices %all coord9ate ) ! relat$ export ef=ts und]tak5 by ! ,small ,bus9ess ,adm9i/ration regional field (fices4 7#c7 ,upgrade ! ,bank's equipm5t & s(tw>e to m exp$iti\sly1 effectively1 & effici5tly process & track applications = f9anc+ receiv$ by ! ,bank4 7c7 ,ov]seas ,private ,inve/m5t ,corporation 7#a7 ,/aff+ ,( ! net (fsett+ collections collect$ by ! ,ov]seas ,private ,inve/m5t ,corporation us$ = adm9i/rative exp5ses1 ! ,corporation %all use suffici5t funds to increase by n m ?an #e ! /aff ne$$ to promote /able & su/a9able economic gr[? & developm5t 9 ,africa1 to /r5g!n & exp& ! private sector 9 ,africa1 & to facilitate ! g5]al economic developm5t ( ,africa1 ) a p>ticul> focus on help+ ,unit$ ,/ates bus9esses exp& into ,african m>kets4 7#b7 ,report ,! ,corporation %all report to ! appropriate congressional committees on :e!r rec5t te*nology upgrades h result$ 9 m effective & effici5t process+ & track+ ( applications = f9anc+ receiv$ by ! ,corporation4 7#c7 ,c]ta9 co/s n consid]$ adm9i/rative exp5ses ,= purposes ( ?is subsection1 sy/ems infra/ructure co/s associat$ ) activities au?oriz$ by title ,,iv ( *apt] #b ( "p ,i ( ! ,=eign ,assi/ance ,act ( #aifa 7#bb ,u4,s4,c4 #bca et seq47 %all n be consid]$ adm9i/rative exp5ses4 7d7 ,rule ( con/ruction ,no?+ 9 ?is section %all be con/ru$ z p]mitt+ ! r$uction ( ,dep>tm5t ( ,comm]ce1 ,dep>tm5t ( ,/ate1 ,export ,import ,bank1 or ,ov]seas ,private ,inve/m5t ,corporation p]sonnel or ! alt]ation ( plann$ p]sonnel increases 9 o!r regions1 except :]e a p]sonnel decrease 0 previ\sly anticipat$ or :]e decreas$ export opportunities ju/ify p]sonnel r$uctions4 #h4 ,tra9+ ,! ,presid5t %all develop a plan-- 7#a7 to /&>dize ! tra9+ receiv$ by ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice (fic]s1 economic (fic]s ( ! ,dep>tm5t ( ,/ate1 & economic (fic]s ( ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t ) respect to ! programs & proc$ures ( ! ,export-,import ,bank ( ! ,unit$ ,/ates1 ! ,ov]seas ,private ,inve/m5t ,corporation1 ! ,small ,bus9ess ,adm9i/ration1 & ! ,unit$ ,/ates ,trade & ,developm5t ,ag5cy2 & 7#b7 to ensure t1 n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is ,act-- 7,a7 all ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice (fic]s t are /ation$ ov]seas receive ! tra9+ describ$ 9 p>agraph 7#a72 & 7,b7 9 ! case ( a c\ntry to :i* no ,unit$ ,/ates & ,=eign ,comm]cial ,s]vice (fic] is assign$1 any economic (fic] ( ! ,dep>tm5t ( ,/ate /ation$ 9 t c\ntry %all receive t tra9+4 #i4 ,export-,import ,bank ,f9anc+ 7a7 ,f9anc+ = projects 9 ,africa 7#a7 ,s5se ( ,congress ,x is ! s5se ( ,congress t =eign export cr$it ag5cies are provid+ non-,,oecd arrangem5t compliant f9anc+ 9 ,africa1 :i* is trade di/ort+ & ?reat5s ,unit$ ,/ates jobs4 7#b7 ,9 g5]al ,section #f7;a7 ( ! ,export-,import ,bank ,act ( #aide 7#ab ,u4,s4,c4 #fce;e7a77 is am5d$ by add+ at ! end ! foll[+3 7#d7 ,p]c5t ( f9anc+ to be us$ = projects 9 africa ,! ,bank %all1 to ! ext5t t !re are acceptable f9al applications1 increase ! am\nt x f9ances to ,africa ov] ! prior ye>'s f9anc+ = ea* ( ! fir/ five fiscal ye>s beg9n+ aft] ! date ( ! enactm5t ( ! ,increas+ ,am]ican ,jobs ,?r\gh ,great] ,exports to ,africa ,act ( #bjac4 4 7#c7 ,report ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is ,act1 & annually !reaft] = #e ye>s1 ! ,export-,import ,bank %all report to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs1 ! ,committee on ,=eign ,relations1 & ! ,committee on ,appropriations ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices1 ! ,committee on ,=eign ,affairs1 & ! ,committee on ,appropriations ( ! ,h\se ( ,repres5tatives if ! ,bank has n us$ at lea/ #aj p]c5t ( its l5d+ capabilities = projects 9 ,africa z describ$ 9 p>agraph 7#d7 ( section #f7;a7 ( ! ,export-,import ,bank ( #aide1 z add$ by p>agraph 7#b74 ,! report %all include ! reasons :y ! ,bank fail$ to rea* ?is goal & a description ( all f9al applications = projects 9 ,africa t 7 deem$ unwor?y ( ,bank support4 7b7 ,availability ( portion ( capitalization ,to compete aga9/ =eign concessional loans 7#a7 ,9 g5]al ,! ,bank %all make available annually su* am\nts z are necess>y = loans t c\nt] trade di/ort+ non-,,oecd arrangem5t compliant f9anc+ or pref]5tial1 ti$ aid1 or o!r relat$ non-m>ket loans (f]$ by o!r nations = :i* ,unit$ ,/ates companies are also compet+ or int]e/$ 9 compet+4 7#b7 ,report ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is ,act1 & annually !reaft] = #e ye>s1 ! ,export-,import ,bank %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs1 ! ,committee on ,=eign ,relations1 & ! ,committee on ,appropriations ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices1 ! ,committee on ,=eign ,affairs1 & ! ,committee on ,appropriations ( ! ,h\se ( ,repres5tatives a report on all loans made or reject$ t 7 consid]$ to c\nt] non-,,oecd arrangem5t compliant f9anc+ (f]$ by o!r nations to its firms4 ,! report %all n disclose any in=mation t is confid5tial or bus9ess propriet>y1 or t w\ld violate section #aije ( title #ah1 ,unit$ ,/ates ,code 7commonly ref]r$ to z ! ,trade ,secrets ,act74 ,! report %all include a description ( trade di/ort+ non-,,oecd arrangem5t compliant f9anc+ loans made by o!r c\ntries dur+ t fiscal ye> to firms t compet$ aga9/ ! ,unit$ ,/ates firms4 #aj4 ,small ,bus9ess ,adm9i/ration ,section #bb7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdi7;b77 is am5d$-- 7#a7 9 ! matt] prec$+ p>agraph 7#a71 by ins]t+ ! ,trade ,promotion ,coord9at+ ,committee1 aft] ,director ( ! ,unit$ ,/ates ,trade & ,developm5t ,ag5cy12 & 7#b7 9 p>agraph 7#c71 by ins]t+ regional (fices ( ! ,export-,import ,bank1 aft] ,retir$ ,executives14 #aa4 ,bilat]al1 subregional & regional1 & multilat]al agreem5ts ,:]e applicable1 ! ,presid5t %all explore opportunities to negotiate bilat]al1 subregional1 & regional agreem5ts t enc\rage trade & elim9ate nont>iff b>ri]s to trade betwe5 c\ntries1 su* z negotiat+ inve/or fri5dly d\ble-taxation treaties & inve/m5t promotion agreem5ts4 ,unit$ ,/ates negotiators 9 multilat]al =um %\ld take into acc\nt ! objectives ( ?is ,act4 ,to ! ext5t any su* agreem5ts exi/ betwe5 ! ,unit$ ,/ates & an ,african c\ntry1 ! ,presid5t %all ensure t ! agreem5t is be+ implem5t$ 9 a mann] t maximizes ! positive effects = ,unit$ ,/ates trade1 export1 & labor int]e/s z well z ! economic developm5t ( ! c\ntries 9 ,africa4 ,septemb] #aj1 #bjac,report$ ) an am5dm5t