,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #dcjb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #ah1 #bjae   
,mr4 ,graves ( ,l\isiana introduc$ !    
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,f9ancial ,s]vices  ,a    
,,bill  ,to require ! ,secret>y ( !     
,treasury to pursue ) o!r c\ntries !    
goal ( ! mutual elim9ation (            
gov]nm5t-back$ export cr$it ag5cies1 &  
to provide = ! aboli%m5t ( !            
,export-,import ,bank ( ! ,unit$ ,/ates 
if do+ s w\ld n put ! ,unit$ ,/ates at a
 competitive disadvantage4  #a4 ,%ort   
title ,?is ,act may be cit$ z ! ,ent]+  
,negotiations to ,dissolve ,outdat$     
,f9ancial ,ag5cies ,nationaliz+ ,export 
,relat$ ,activities or ! ,,end ,,( ,,an 
,,era ,act4  #b4 ,f9d+s ,! ,congress    
f9ds z foll[s3 7#a7 ,approximately #hj  
to #ij p]c5t ( _w trade relies on trade 
f9ance1 & ! approximate value ( ! global
 m>ket = trade f9ance is                
#aj1jjj1jjj1jjj1jjj p] ye>4  7#b7 ,9    
#bjab1 export cr$it ag5cies 9 ,g]many & 

,france ext5d$ r\ghly two-&-a-half times
 z mu* export f9anc+--measur$ z a %>e ( 
_! ,g,d,ps--z 0 ext5d$ by !             
,export-,import ,bank ( ! ,unit$ ,/ates2
 export cr$it ag5cies 9 ,*9a & ,india   
provid$ almo/ #c times1 & 9 ,korea      
provid$ #aj times1 z mu* export f9anc+ z
 0 provid$ by ! ,export-,import ,bank ( 
! ,unit$ ,/ates4  7#c7 ,x is e/imat$ t  
!re are z _m z #he export cr$it ag5cies 
globally4  7#d7 ,9 a true free m>ket    
economy1 private sector f9anc+ options  
w\ld negate ! ne$ = an export cr$it     
ag5cy su* z ! ,export-,import ,bank ( ! 
,unit$ ,/ates4  7#e7 ,unilat]al         
aboli%m5t ( ! ,export-,import ,bank ( ! 
,unit$ ,/ates w\ld place ,unit$ ,/ates  
manufactur+ at a global competitive     
disadvantage4  7#f7 ,! ,unit$ ,/ates    
hi/orically has l$ ef=ts to impose      
int]national discipl9es on              
gov]nm5t-back$ export cr$it activity4   
#c4 ,requirem5t to seek negotiations )  
o!r c\ntries = ! mutual elim9ation (    
gov]nm5t-back$ export cr$it ag5cies2    

annual progress reports  7a7 ,9 g5]al ,!
 ,secret>y ( ! ,treasury 79 ?is ,act    
ref]r$ to z ! ,secret>y7 %all seek to   
ent] into negotiations ) o!r c\ntries = 
! mutual elim9ation ( gov]nm5t-back$    
export cr$it ag5cies4  7b7 ,progress    
reports ,! ,secret>y %all submit to !   
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives & ! ,committee  
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate 79 ?is ,act ref]r$ to z !        
relevant ,committees7 annual reports1 9 
writ+1 (--  7#a7 progress made 9 arrang+
 negotiations describ$ 9 subsection 7a72
 &  7#b7 progress made 9 any su*        
negotiations1 includ+ :e!r elim9at+ !   
,export-,import ,bank ( ! ,unit$ ,/ates 
79 ?is ,act ref]r$ to z ! ,bank7 at ! "t
 ( ! report w\ld put ! ,unit$ ,/ates at 
a competitive disadvantage4  #d4        
,c]tification t elim9at+ !              
,export-,import ,bank ( ! ,unit$ ,/ates 
w n put ! ,unit$ ,/ates at a competitive
 disadvantage ,on a det]m9ation by !    
,secret>y t ! ,bank c be elim9at$ 9 a   

way t w\ld n put ! ,unit$ ,/ates at a   
competitive disadvantage1 consid]+ job  
losses & a decrease 9 economic activity1
 ! ,secret>y %all submit to ! relevant  
,committees a c]tification ( !          
det]m9ation4  #e4 ,r$uctions (          
au?orities be=e aboli%m5t  7a7 ,9 g5]al 
,not)/&+ any o!r provision ( law3 7#a7  
,t]m9ation ( au?ority to accept         
applications = assi/ance ,! ,bank may n 
accept an application = a loan1         
insurance1 or a gu>antee1 or to         
p>ticipate 9 an ext5sion ( cr$it by     
ano!r entity1 aft] ! date ! ,secret>y   
provides ! c]tification describ$ 9      
section #d4  7#b7 ,t]m9ation ( au?ority 
to r5ew or ent] into a contract = !     
provision ( assi/ance by ! ,bank ,!     
,bank may n r5ew or ent] into a contract
 :i* w\ld obligate ! ,bank to provide a 
loan1 insurance1 or a gu>antee1 or      
p>ticipate 9 an ext5sion ( cr$it by     
ano!r entity1 aft] ! date ! ,secret>y   
provides ! c]tification describ$ 9      
section #d4  7b7 ,rule ( int]pretation  

,no?+ 9 ?is section %all be con/ru$ to  
ext5d ! expiration date ( any au?ority  
provid$ by section #g ( !               
,export-,import ,bank ,act ( #aide4  #f4
 ,aboli%m5t ( ! ,export-,import ,bank ( 
! ,unit$ ,/ates  7a7 ,9 g5]al ,effective
 on ! aboli%m5t date3 7#a7 ,aboli%m5t ,!
 ,bank is aboli%$4  7#b7 ,transf] (     
functions ,all functions t1 imm$iately  
be=e ! aboli%m5t date are au?oriz$ to be
 p]=m$ by ! ,bank1 ! ,bo>d ( ,directors 
( ! ,bank1 any (fic] or employee ( !    
,bank act+ 9 t capacity1 or any ag5cy or
 (fice ( ! ,bank1 are transf]r$ to !    
,secret>y4  7b7 ,aboli%m5t date def9$ ,9
 ?is ,act1 ! t]m aboli%m5t date means   
#ahj days aft] ! date ! ,secret>y       
provides ! c]tification describ$ 9      
section #d4  #g4 ,resolution & t]m9ation
 ( ,bank functions  7a7 ,resolution (   
functions ,! ,secret>y %all--  7#a7     
complete ! disposition & resolution (   
functions ( ! ,bank 9 accordance ) ?is  
,act2 &  7#b7 resolve all functions t   
are transf]r$ to ! ,secret>y "u section 

#f7;a77#b74  7b7 ,t]m9ation ( functions 
,all functions t are transf]r$ to !     
,secret>y "u section #f7;a77#b7 %all    
t]m9ate on ! date all obligations ( !   
,bank1 & all obligations ( o!rs to !    
,bank1 9 effect imm$iately be=e !       
aboli%m5t date h be5 satisfi$1 z det]m9$
 by ! ,secret>y4  7c7 ,report to !      
,congress ,:5 ! ,secret>y makes !       
det]m9ation describ$ 9 subsection 7b7 ( 
?is section1 ! ,secret>y %all report !  
det]m9ation to ! ,committees ref]r$ to 9
 section #c7;b74  #h4 ,duties ( !       
,secret>y ( ! ,treasury  7a7 ,9 g5]al ,!
 ,secret>y %all be responsible = !      
implem5tation ( ?is ,act1 includ+-- 7#a7
 ! adm9i/ration & dissolution ( all     
functions transf]r$ to ! ,secret>y "u   
section #f7;a77#b72  7#b7 ! adm9i/ration
 & dissolution ( any out/&+ obligations 
( ! ,f$]al ,gov]nm5t "u any programs    
t]m9at$ by ?is ,act2 &  7#c7 tak+ su*   
o!r actions z may be necess>y to        
dissolve any out/&+ affairs ( ! ,bank4  
7b7 ,delegation ( functions ,! ,secret>y

 may take su* actions z may be necess>y 
to w9d up & dissolve all functions      
transf]r$ to ! ,secret>y "u section     
#f7;a77#b74  7c7 ,rule ( int]pretation  
,no?+ 9 ?is ,act may be con/ru$ to      
au?orize positions & functions ( ! ,bank
 aft] #fj days ( aboli%m5t4  #i4 ,con=m+
 am5dm5ts & repeals  7a7 ,repeal (      
prim>y au?oriz+ /atute ,!               
,export-,import ,bank ,act ( #aide 7#ab 
,u4,s4,c4 #fce-fce;i-#i7 is h]eby       
repeal$4  7b7 ,elim9ation ( relat$      
au?oriz+ provisions  7#a7 ,section #ajc 
( ! ,int]national ,developm5t & ,f9ance 
,act ( #aihi 7#ab ,u4,s4,c4 #fce note2  
,public ,law #aja-bdj7 is h]eby repeal$4
  7#b7 ,section #cjc ( ! ,support = ,ea/
 ,european ,democracy 7,,se$7 ,act (    
#aihi 7#ab ,u4,s4,c4 #fce note2 ,public 
,law #aja-agi7 is h]eby repeal$4  7#c7  
,section #aijh ( ! ,export-,import ,bank
 ,act ,am5dm5ts ( #aigh 7#ab ,u4,s4,c4  
#fce;a-#a7 is am5d$-- 7,a7 by /rik+ 7a72
 &  7,b7 by /rik+ subsection 7b74  7#d7 
,sections #aiaa & #aiab ( !             

,export-,import ,bank ,act ,am5dm5ts (  
#aigh 7#ab ,u4,s4,c4 #fce;a-#b &        
#fce;a-#c7 are h]eby repeal$4  7#e7     
,section #bjf ( ! ,bank ,export ,s]vices
 ,act 7#ab ,u4,s4,c4 #fce;a-#d7 is h]eby
 repeal$4  7#f7 ,sections #a ?r\gh #e ( 
,public ,law #ij-cij 7#ab ,u4,s4,c4     
#fce;j ?r\gh #fcen7 are h]eby repeal$4  
7#g7 ,sections #fda ?r\gh #fdg ( !      
,trade & ,developm5t ,enhancem5t ,act ( 
#aihc 7#ab ,u4,s4,c4 #fceo-#fcet7 are   
h]eby repeal$4  7#h7 ,section #ecd ( !  
,=eign ,op]ations1 ,export ,f9anc+1 &   
,relat$ ,programs ,appropriations ,act1 
#aiij 7#ab ,u4,s4,c4 #fce;g note2       
,public ,law #aja-afg7 is am5d$ by /rik+
 subsection 7d74  7#i7 ,section #ccjb ( 
! ,omnibus ,trade & ,competitiv5ess ,act
 ( #aihh 7#ab ,u4,s4,c4 #fce;i-#c note2 
,public ,law #ajj-dah7 is am5d$ by /rik+
 subsection 7a74  7#aj7 ,section        
#aaje7;a7 ( title #ca1 ,unit$ ,/ates    
,code1 is am5d$ by /rik+ p>agraph 7#cd7 
& r$esignat+ ! succe$+ p>agraphs ( su*  
section z p>agraphs 7#cd7 ?r\gh 7#ch71  

respectively4  7#aa7 ,section #iaja7c7 (
 title #ca1 ,unit$ ,/ates ,code1 is     
am5d$ by /rik+ subp>agraph 7,c74  7c7   
,elim9ation ( relat$ comp5sation        
provisions  7#a7 ,position at ,level    
,,iii ,section #ecad ( title #e1 ,unit$ 
,/ates ,code1 is am5d$ by /rik+ ! foll[+
 item3  ,presid5t ( ! ,export-,import   
,bank ( ,wa%+ton4 4  7#b7 ,positions at 
,level ,,iv ,section #ecae ( title #e1  
,unit$ ,/ates ,code1 is am5d$-- 7,a7 by 
/rik+ ! foll[+ item3  ,fir/ ,vice       
,presid5t ( ! ,export-,import ,bank (   
,wa%+ton4 2 &  7,b7 by /rik+ ! foll[+   
item3 ,memb]s1 ,bo>d ( ,directors ( !   
,export-,import ,bank ( ,wa%+ton4 4  7d7
 ,elim9ation ( (fice ( inspector g5]al =
 ! bank ,section #ab ( ! ,inspector     
,g5]al ,act ( #aigh 7#e ,u4,s4,c4 ,app47
 is am5d$--  7#a7 9 p>agraph 7#a71 by   
/rik+ ! ,presid5t ( ! ,export-,import   
,bank22 &  7#b7 9 p>agraph 7#b71 by     
/rik+ ! ,export-,import ,bank14  7e7    
,effective date ,! repeals & am5dm5ts   
made by ?is section %all take effect on 

! aboli%m5t date4  7f7 ,report to !     
,congress on o!r am5dm5ts to ,f$]al     
/atute ,! ,secret>y %all submit to !    
relevant ,committees a writt5 report t  
conta9s sugge/ions = su* o!r am5dm5ts to
 ,f$]al /atutes z may be necess>y or    
appropriate z a result ( ?is ,act4  #aj4
 ,ref]5ces ,any ref]5ce 9 any o!r ,f$]al
 law1 executive ord]1 rule1 regulation1 
or delegation ( au?ority1 or any docum5t
 ( or p]ta9+ to a dep>tm5t or (fice f   
:i* a function is transf]r$ by ?is      
,act--  7#a7 to ! head ( su* dep>tm5t or
 (fice is deem$ to ref] to ! head ( !   
dep>tm5t or (fice to :i* ! function is  
transf]r$2 or  7#b7 to su* dep>tm5t or  
(fice is deem$ to ref] to ! dep>tm5t or 
(fice to :i* ! function is transf]r$4   
#aa4 ,def9itions ,9 ?is ,act3 7#a7      
,function ,! t]m function includes any  
duty1 obligation1 p[]1 au?ority1        
responsibility1 "r1 privilege1 activity1
 or program4  7#b7 ,(fice ,! t]m (fice  
includes any (fice1 adm9i/ration1 ag5cy1
 bureau1 in/itute1 c\ncil1 unit1        

organizational entity1 or compon5t !re(4