,,ii #aadth ,,congress #ast ,session ,s4 #hbd ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,march #ai1 #bjae,mrs4 ,shaheen 7for herself1 ,mrs4 ,feinstein1 ,mr4 ,franken1 and ,mr4 ,blumenthal7 introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to reauthorize the ,export-,import ,bank of the ,united ,states1 and for other purposes4 #a4 ,short title2 table of contents 7a7 ,short title ,this ,act may be cited as the ,promoting ,u4,s4 ,jobs ,through ,exports ,act of #bjae4 7b7 ,table of contents ,the table of contents of this ,act is as follows3 ,sec4 #a4 ,short title2 table of contents4 ,,title ,i--,reauthorization of the ,export-,import ,bank ,sec4 #aja4 ,limitations on outstanding loans1 guarantees1 and insurance4 ,sec4 #ajb4 ,extension of authority4 ,sec4 #ajc4 ,reauthorization of the ,sub-,saharan ,africa ,advisory ,committee4 ,sec4 #ajd4 ,reauthorization of dual-use exports4 ,,title ,,ii--,expanding ,bank support for ,united ,states exports ,sec4 #bja4 ,increase in small business lending requirements4 ,sec4 #bjb4 ,recommendations to increase small business outreach4 ,sec4 #bjc4 ,technical assistance for small businesses4 ,sec4 #bjd4 ,exposure limit estimates4 ,sec4 #bje4 ,small business and medium-sized enterprises reports4 ,sec4 #bjf4 ,medium-sized enterprises4 ,sec4 #bjg4 ,participation and risk-sharing by private sector lenders4 ,sec4 #bjh4 ,risk-sharing arrangements4 ,sec4 #bji4 ,promoting renewable energy exports4 ,,title ,,iii--,ethics and fraud controls ,sec4 #cja4 ,codifying the role of the ,chief ,risk ,officer4 ,sec4 #cjb4 ,reports on ethics requirements of the ,bank4 ,sec4 #cjc4 ,employee financial disclosures4 ,sec4 #cjd4 ,supplemental ethics regulations4 ,sec4 #cje4 ,annual employee certifications4 ,,title ,,iv--,enhancing external audits and reviews ,sec4 #dja4 ,enhanced audit controls4 ,sec4 #djb4 ,independent evaluation of ,bank portfolio4 ,sec4 #djc4 ,external review of fraud controls4 ,,title ,v--,strengthening project monitoring and due diligence ,sec4 #eja4 ,enhanced monitoring and due diligence for structured and project finance transactions4 ,sec4 #ejb4 ,monitoring plans and post-approval assessments for structured and project finance transactions4 ,sec4 #ejc4 ,reserving the right of inspection4 ,,title ,,vi--,modernization of bank systems ,sec4 #fja4 ,electronic payments and documents4 ,sec4 #fjb4 ,reauthorization of information technology updating4 ,sec4 #fjc4 ,information technology modernization4 ,sec4 #fjd4 ,modernizing the disclosure of environmental reports4 ,,title ,,vii--,leveling the playing field for ,united ,states exporters ,sec4 #gja4 ,leveling the playing field for ,united ,states exporters4 ,sec4 #gjb4 ,prohibiting illegal support of foreign exports4 ,i ,reauthorization of the ,export-,import ,bank #aja4 ,limitations on outstanding loans1 guarantees1 and insurance ,section #f7;a77#b7 of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce;e7a77#b77 is amended to read as follows3 7#b7 ,applicable amount ,in paragraph 7#a71 the term applicable amount means1 for fiscal year #bjae and each fiscal year thereafter1 #adj1jjj1jjj1jjj1 except that-- 7,a7 the applicable amount for fiscal years #bjaf and #bjag shall be #ade1jjj1jjj1jjj if the rate calculated under section #h7;g77#a7 of this ,act is less than #b percent for the quarter ending with the beginning of the fiscal year1 or for any quarter in the fiscal year2 7,b7 notwithstanding subparagraph 7,a71 the applicable amount for fiscal years #bjah and #bjai shall be #aej1jjj1jjj1jjj if the rate calculated under section #h7;g77#a7 of this ,act is less than #b percent for the quarter ending with the beginning of the fiscal year1 or for any quarter in the fiscal year2 7,c7 notwithstanding subparagraphs 7,a7 and 7,b71 the applicable amount for fiscal years #bjbj and #bjba shall be #aee1jjj1jjj1jjj if the rate calculated under section #h7;g77#a7 of this ,act is less than #b percent for the quarter ending with the beginning of the fiscal year1 or for any quarter in the fiscal year2 and 7,d7 notwithstanding subparagraphs 7,a71 7,b71 and 7,c71 the applicable amount for fiscal year #bjbb and each fiscal year thereafter shall be #afj1jjj1jjj1jjj if the rate calculated under section #h7;g77#a7 of this ,act is less than #b percent for the quarter ending with the beginning of the fiscal year1 or for any quarter in the fiscal year4 4 #ajb4 ,extension of authority ,section #g of the ,export-,import ,bank ,act of 7#ab ,u4,s4,c4 #fce;f7 is amended by striking #bjad and inserting #bjbb4 #ajc4 ,reauthorization of the ,sub-,saharan ,africa ,advisory ,committee ,section #b7;b77#i77;,b77iii7 of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce7;b77#i77;,b77iii77 is amended by striking ,september #cj1 #bjad and inserting the date specified in section #g4 #ajd4 ,reauthorization of dual-use exports ,section #a of ,public ,law #ajc-dbh 7#ab ,u4,s4,c4 #fce note7 is amended by striking subsection 7c74 ,,ii ,expanding ,bank support for ,united ,states exports #bja4 ,increase in small business lending requirements ,section #b7;b77#a77;,e77v7 of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce7;b77#a77;,e77v77 is amended by striking #bj percent and inserting #be percent4 #bjb4 ,recommendations to increase small business outreach ,section #c7;d7 of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce;a7d77 is amended by adding at the end the following3 7#f7 7,a7 ,the ,advisory ,committee shall make recommendations to the ,bank on ways to encourage increased participation by private financial institutions in providing outreach about the ,bank to small business concerns 7as defined under section #c7;a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb7;a774 7,b7 ,the ,bank shall-- 7i7 review all recommendations made by the ,advisory ,committee under this paragraph and implement a program to expand outreach about the ,bank to small business concerns through increased participation by private financial institutions2 and 7ii7 encourage commercial banks1 community banks1 and insurance brokers to expand their outreach about the ,bank to small business concerns4 4 #bjc4 ,technical assistance for small businesses ,section #b7;b77#a77;,e77i7 of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce7;b77#a77;,e77i77 is amended by adding at the end the following3 7,,iii7 ,the ,bank shall provide technical assistance to small businesses on how to apply for financial assistance provided by the ,bank 7such as through training classes and online webinars74 4 #bjd4 ,exposure limit estimates ,section #h of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce;g7 is amended by adding at the end the following3 7k7 ,exposure limit estimates ,the ,bank shall include in its annual report to ,congress under subsection 7a7-- 7#a7 an estimate of the anticipated demand for the loan1 guarantee1 and insurance programs of the ,bank for the #b succeeding years1 disaggregated by-- 7,a7 industry sector2 7,b7 whether the products involved are short-term loans1 medium-term loans1 long-term loans1 insurance1 medium-term loan guarantees1 or long-term loan guarantees2 and 7,c7 key market2 7#b7 a justification for the estimate described in paragraph 7#a71 including a discussion of the factors which could increase or decrease demand for the products of the ,bank2 7#c7 an analysis of the ability of the ,bank to meet its mandates with respect to small business1 sub-,saharan ,africa1 and renewable energy under the estimated exposure limit described in paragraph 7#a72 and 7#d7 an analysis of the adequacy of the administrative and programmatic resources of the ,bank to effectively process1 approve1 and monitor financing provided by the ,bank1 including the conducting of required economic impact analyses and environmental assessments1 under the estimated exposure limit described in paragraph 7#a74 4 #bje4 ,small business and medium-sized enterprises reports 7a7 ,in general ,the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce et seq47 is amended by inserting after section #h;,a the following3 #h;,b4 ,small business concerns and medium-sized enterprises reports 7a7 ,study ,not later than #cfj days after the date of the enactment of this section1 and annually thereafter1 the ,bank shall-- 7#a7 carry out a study on the financial programs and products of the ,bank that support exports from small business concerns and enterprises that use or seek to use the medium-term programs offered by the ,bank1 including the programs and products with respect to the implementation of the export credit insurance program1 delegated lending authority1 and direct loans of the ,bank2 and 7#b7 determine the extent to which financial programs and products adequately meet the needs of small business concerns and enterprises that use or seek to use the medium-term programs offered by the ,bank in obtaining ,bank financing to support the maintenance or creation of jobs in the ,united ,states through exports1 consistent with the policies of the ,bank and the requirement that the ,bank obtain a reasonable assurance of repayment4 7b7 ,report ,on the completion of the study required under subsection 7a71 the ,bank shall submit to ,congress a report containing-- 7#a7 all findings and determinations made by the ,bank in carrying out the study2 7#b7 an analysis of the extent to which small business concerns and enterprises that use or seek to use the medium-term programs offered by the ,bank supply exporters with goods and services1 the content of which is included in exports supported by a ,bank program2 and 7#c7 recommendations to enhance the support the ,bank may provide small business concerns and enterprises that use or seek to use the medium-term programs offered by the ,bank4 7c7 ,small business concern defined ,in this section1 the term small business concern has the meaning given the term under section #c7;a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb7;a774 4 7b7 ,report on bank support for small and medium-,sized companies through supply chains ,section #h of such ,act 7#ab ,u4,s4,c4 #fce;g71 as amended by section #bjd of this ,act1 is amended by adding at the end the following3 7l7 ,bank support for small and medium-,sized companies through supply chains ,for each transaction with respect to which the ,bank is required to notify ,congress under section #c7;b77#c71 the ,bank shall collect information on the size of each company in the supply chain with respect to the transaction using the thresholds in the ,statistics of ,u4,s4 ,businesses of the ,census ,bureau4 ,the ,bank shall include a summary of the information collected under this subsection in its annual report to ,congress under subsection 7a74 4 #bjf4 ,medium-sized enterprises ,section #b7;b77#a77;,f7 of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce7;b77#a77;,f77 is amended to read as follows3 7,f7 ,fair consideration for medium-,sized enterprises ,in addition to the programs of the ,bank to encourage the participation of small businesses in international commerce1 the policies of the ,bank shall give fair consideration to making loans and providing guarantees for the export of goods and services by enterprises that use1 or seek to use1 the medium-term programs offered by the ,bank4 4 #bjg4 ,participation and risk-sharing by private sector lenders 7a7 ,assessment required ,not later than #a year after the date of the enactment of this ,act1 the ,export-,import ,bank of the ,united ,states shall conduct a comparative assessment of the practices of export credit agencies of other countries that are major providers of official export credit and member countries of the ,organisation for ,economic ,co-operation and ,development with respect to risk- or fee-sharing arrangements1 to determine the extent to which the ,bank could take steps to increase the share of loan-level risk borne by the private sector4 7b7 ,establishment of programs ,on the conclusion of the assessment required under subsection 7a71 the ,bank shall1 if warranted1 establish programs under which private financial institutions may share risk in the loans1 guarantees1 and other products of the ,bank in exchange for receiving fees received from the participants in the programs4 ,the fees to a private financial institution shall be commensurate with the level of risk taken by the institution4 #bjh4 ,risk-sharing arrangements 7a7 ,in general ,section #b7;c77#b7 of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce7;c77#b77 is amended-- 7#a7 by striking 7#b7 ,the ,bank and inserting the following3 7#b7 ,guarantees1 insurance1 coinsurance1 and reinsurance 7,a7 ,in general ,the ,bank 2 and 7#b7 by adding after and below the end the following new subparagraph3 7,b7 ,expansion of risk-,sharing activities 7i7 ,in general ,in furtherance of subparagraph 7,a71 in order to expand activities that reduce the share of risk borne by the ,bank1 the ,bank may enter into contracts of reinsurance1 co-finance1 or other risk-sharing arrangements with respect to the ,bank's portfolio or individual transactions with insurance companies1 financial institutions1 or export credit agencies4 7ii7 ,limitation ,the total amount of outstanding risk-sharing arrangements entered into under clause 7i7 shall not exceed #be1jjj1jjj1jjj4 7iii7 ,special rule 7,i7 ,in general ,to the extent that a loan1 guarantee1 or insurance obligation of the ,bank is covered by a risk-sharing arrangement entered into under clause 7i7 with an entity that meets the standards of creditworthiness established under subclause 7,,ii71 the obligation shall be discounted by an amount that reflects the extent to which the ,bank has reduced its overall risk exposure as a result of the risk-sharing arrangement for the purposes of section #f7;a77#a74 7,,ii7 ,creditworthiness standards ,the ,bank shall establish the standards of creditworthiness referred to in subclause 7,i7 in consultation with ,federal banking and securities regulators and participants in the ,interagency ,country ,risk ,assessment ,system4 4 7b7 ,progress reports ,section #h of such ,act 7#ab ,u4,s4,c4 #fce;g71 as amended by sections #bjd and #bje7;b7 of this ,act1 is further amended by adding at the end the following3 7m7 ,progress report on expansion of risk-,sharing activities ,the ,bank shall include in its annual report to ,congress under subsection 7a7 a summary of-- 7#a7 the extent to which the ,bank has exercised the authority provided in section #b7;c77#b77;,b77i72 and 7#b7 the experience of the ,bank in exercising such authority1 including any lessons learned from exercising such authority4 4 #bji4 ,promoting renewable energy exports 7a7 ,in general ,not later than #a year after the date of the enactment of this ,act1 the ,export-,import ,bank of the ,united ,states shall develop a clear and comprehensive strategic plan to identify how to most effectively promote the export of goods and services related to renewable energy and end-use energy efficiency technology4 7b7 ,elements ,the strategic plan required by subsection 7a7 shall include-- 7#a7 an assessment of the adequacy of resources1 including the allocation of human capital and administrative funds1 to meet the goal of allocating at least #aj percent of the ,bank's aggregate financing to renewable energy or end-use energy efficiency technology related transactions2 7#b7 benchmarks used to measure progress towards meeting the goal described in paragraph 7#a72 7#c7 outreach to stakeholders1 including ,state-level trade promotion agencies1 environmental industry associations and experts1 delegated lenders1 and others as determined by the ,president of the ,bank to be appropriate2 7#d7 an assessment of external and internal factors affecting progress towards meeting the goal described in paragraph 7#a72 and 7#e7 the specific steps the ,bank will take through fiscal year #bjbb to achieve the goal described in paragraph 7#a74 ,,iii ,ethics and fraud controls #cja4 ,codifying the role of the ,chief ,risk ,officer ,section #c of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce;a7 is amended by adding at the end the following3 7k7 ,chief risk officer 7#a7 ,in general ,subject to the approval of the ,board of ,directors of the ,bank1 the ,president of the ,bank shall appoint1 from among individuals with experience at a senior level in financial risk management1 a ,chief ,risk ,officer-- 7,a7 who shall rank not lower than senior vice president2 7,b7 whose sole function shall be to serve as the ,chief ,risk ,officer of the ,bank2 and 7,c7 who shall report directly to the ,president of the ,bank4 7#b7 ,duties ,the ,chief ,risk ,officer shall develop1 implement1 and manage a comprehensive process for identifying1 assessing1 monitoring1 and reducing ,bank-wide risk4 4 #cjb4 ,reports on ethics requirements of the ,bank ,not later than #ahj days after the date of the enactment of this ,act-- 7#a7 the ,export-,import ,bank of the ,united ,states shall submit to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate a report that provides a detailed description of the ethics programs of the ,bank1 including the applicable laws and regulations1 ethics training programs1 financial disclosure requirements1 fraud detection training programs1 advice rendered on ethics1 conflicts of interest1 protocols with the ,inspector ,general1 and any other matters relating thereto2 and 7#b7 the ,director of the ,office of ,government ,ethics shall submit to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate a report reviewing the ethics program of the ,bank that-- 7,a7 evaluates compliance by the ,bank with ethics requirements set forth in relevant laws1 regulations1 and policies2 and 7,b7 evaluates the systems1 processes1 and procedures of the ,bank for administering the ethics program of the ,bank4 #cjc4 ,employee financial disclosures ,section #h of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce;g71 as amended by sections #bjd1 #bje7;b71 and #bjh7;b7 of this ,act1 is further amended by adding at the end the following3 7n7 ,employee financial disclosures ,the ,bank shall include in its annual report to ,congress under subsection 7a7 the total number of ,bank employees who are required to file a financial disclosure statement pursuant to the ,ethics in ,government ,act of #aigh 7#e ,u4,s4,c4 ,app471 a clear and concise summary of the financial disclosure requirements that apply to ,bank employees1 and a summary of the rights of the public to access financial disclosures made by ,bank employees4 4 #cjd4 ,supplemental ethics regulations ,not later than #a year after the date of the enactment of this ,act1 the ,export-,import ,bank of the ,united ,states shall conduct a risk assessment of the vulnerability of its programs to employee misconduct based upon a historical review of adverse employment actions taken by the ,bank and1 if appropriate1 shall issue updated supplemental standards of ethical conduct for employees of the ,bank pursuant to the ,ethics in ,government ,act of #aigh 7#e ,u4,s4,c4 ,app474 #cje4 ,annual employee certifications ,section #c of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce;a71 as amended by section #cja of this ,act1 is amended by adding at the end the following3 7l7 ,annual employee certifications ,the ,president of the ,bank shall implement a policy that requires all directors1 officers1 and employees of the ,bank to certify annually that they have read1 understand1 and complied with1 and will continue to comply with1 the ,standards of ,ethical ,conduct for ,employees of the ,executive ,branch under part #bfce of title #e1 ,code of ,federal ,regulations4 ,the annual certifications shall contain a statement that notifies the signatory that section #ajja of title #ah1 ,united ,states ,code1 applies to the certification4 4 ,,iv ,enhancing external audits and reviews #dja4 ,enhanced audit controls ,section #b of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce7 is amended by adding at the end the following3 7k7 ,corporate governance and internal controls 7#a7 ,audit trail ,the ,bank shall ensure complete and accurate records are maintained to provide an audit trail for each transaction subject to approval by the ,board from application through close-out1 including eligibility and due diligence4 7#b7 ,quality control review program ,the ,bank shall establish a quality control review program to ensure compliance with ,bank policies and the accuracy of records for all types of transactions subject to approval by the ,board4 4 #djb4 ,independent evaluation of ,bank portfolio 7a7 ,audit ,the ,inspector ,general of the ,export-,import ,bank of the ,united ,states shall conduct an audit or evaluation of the portfolio risk management procedures of the ,bank1 including a review of the implementation by the ,bank of the duties assigned to the ,chief ,risk ,officer under section #c7k7 of the ,export-,import ,bank ,act of #aide1 as added by section #cja of this ,act4 7b7 ,report ,not later than #ah months after the date the ,board of ,directors of the ,bank approves the appointment of the ,chief ,risk ,officer1 the ,inspector ,general shall submit to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate a written report containing all findings and determinations made in carrying out subsection 7a74 #djc4 ,external review of fraud controls ,section #ag7;b7 of the ,export-,import ,bank ,reauthorization ,act of #bjab 7#ab ,u4,s4,c4 #fce;a-#f7;b77 is amended to read as follows3 7b7 ,review of fraud controls ,not less frequently than every #d years1 the ,comptroller ,general of the ,united ,states shall-- 7#a7 review the adequacy of the design and effectiveness of the controls used by the ,export-,import ,bank of the ,united ,states to prevent1 detect1 and investigate fraudulent applications for loans and guarantees and the compliance by the ,bank with the controls1 including by auditing a sample of ,bank transactions2 and 7#b7 submit to the ,committees on ,financial ,services and ,appropriations of the ,house of ,representatives and the ,committees on ,banking1 ,housing1 and ,urban ,affairs and ,appropriations of the ,senate a written report regarding the findings of the review and providing such recommendations with respect to the controls described in paragraph 7#a7 as the ,comptroller ,general deems appropriate4 4 ,v ,strengthening project monitoring and due diligence #eja4 ,enhanced monitoring and due diligence for structured and project finance transactions ,section #b of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce71 as amended by section #dja of this ,act1 is further amended by adding at the end the following3 7l7 ,customer and reputational assessments ,the ,bank shall perform or cause to be performed risk-based due diligence1 know your customer1 and character1 reputational1 and transaction integrity assessments 7as those terms are defined by the ,bank7 of persons who benefit directly from ,bank financing in structured finance and project finance transactions1 to the extent practicable4 4 #ejb4 ,monitoring plans and post-approval assessments for structured and project finance transactions ,section #b of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce71 as amended by sections #dja and #eja of this ,act1 is further amended by adding at the end the following3 7m7 ,individualized plans 7#a7 ,in general ,the ,bank shall develop a specific monitoring plan for each structured finance or project finance transaction prior to final approval by the ,board that addresses the specific risks presented by the structure of the deal1 including the financial stability of the sponsor of the project1 risks of unproven technology1 social and environmental conditions1 and interest rate or exchange rate volatility4 7#b7 ,elements ,a plan required by paragraph 7#a7 with respect to a transaction shall include1 at a minimum-- 7,a7 a review of financial statements2 7,b7 a review of engineering reports2 7,c7 a review of environmental assessments2 and 7,d7 site visits for engineers and members of the ,asset ,management ,division of the ,bank4 7n7 ,post-,approval review ,the ,bank shall-- 7#a7 review each structured finance and project finance transaction referred to in subsection 7m7 not later than #b years after funds are first disbursed for the transaction1 on a regular and ongoing basis as appropriate thereafter1 and not later than #a year after the final disbursement of funds with respect to the transaction2 and 7#b7 submit to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate a report summarizing all findings and determinations made in each review conducted under paragraph 7#a71 subject to protections for business confidential information4 4 #ejc4 ,reserving the right of inspection ,section #b of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce71 as amended by sections #dja1 #eja1 and #ejb of this ,act1 is further amended by adding at the end the following3 7o7 ,monitoring of transactions that are subject to ,board approval 7#a7 ,right of inspection ,the ,bank1 or its agent1 shall reserve the right of inspection in any credit agreement for a transaction subject to the approval of the ,board of ,directors sufficient to validate that disbursements pursuant to the agreement comply with the law and the policies and procedures of the ,bank4 ,the right of inspection shall include a right to examine the books and records of the obligor regarding the transaction4 7#b7 ,staffing ,the ,bank shall ensure that sufficient staff are allocated to monitor and validate compliance by obligors with respect to transactions subject to the approval of the ,board of ,directors4 4 ,,vi ,modernization of bank systems #fja4 ,electronic payments and documents ,section #b7;b77#a77;,j7 of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce7;b77#a77;,j77 is amended-- 7#a7 by striking ,the ,bank and inserting 7i7 ,the ,bank2 and 7#b7 by adding at the end the following3 7ii7 ,not later than #cj months after the date of the enactment of the ,promoting ,u4,s4 ,jobs ,through ,exports ,act of #bjae1 the ,bank shall implement policies-- 7,i7 to accept electronic documents whenever possible1 including copies of bills of lading1 certifications1 and compliance documents1 in such a manner as will not undermine any potential civil or criminal enforcement related to the transaction2 and 7,,ii7 to accept electronic payments in all of its programs4 4 #fjb4 ,reauthorization of information technology updating ,section #c7;j7 of the ,export-,import ,act of #aide 7#ab ,u4,s4,c4 #fce;a7j77 is amended-- 7#a7 in the subsection heading1 by striking bank surplus and inserting administrative funds2 7#b7 in paragraph 7#a71 by striking ,subject to paragraphs 7#c7 and 7#d71 the ,bank may use an amount equal to #a4be percent of the surplus of the ,bank during fiscal years #bjab1 #bjac1 and #bjad to and inserting ,subject to paragraphs 7#b7 and 7#c71 the ,bank may use amounts made available to the ,bank for administrative expenses1 including fees for systems infrastructure1 to2 7#c7 by striking paragraph 7#b7 and redesignating paragraphs 7#c7 and 7#d7 as paragraphs 7#b7 and 7#c71 respectively2 and 7#d7 in paragraph 7#b7 7as so redesignated71 by striking for fiscal years #bjab1 #bjac1 and #bjad shall not exceed #bj1jjj1jjj and inserting 1 for the period beginning on the date of the enactment of the ,promoting ,u4,s4 ,jobs ,through ,exports ,act of #bjae and ending on the date specified in section #g1 shall not exceed #de1jjj1jjj4 #fjc4 ,information technology modernization ,section #c of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce;a71 as amended by sections #cja and #cje of this ,act1 is further amended by adding at the end the following3 7m7 ,information technology infrastructure assessment and plan ,the ,bank shall-- 7#a7 conduct an assessment of its information technology infrastructure and its use of information technology2 and 7#b7 develop a clear and comprehensive information technology strategic plan that-- 7,a7 meets the requirements of the ,office of ,management and ,budget2 7,b7 takes into account best practices related to the security and privacy of the information technology infrastructure and networks of the ,bank2 7,c7 promotes technological innovation in order to enhance the efficiency and quality of services provided to users of the ,bank1 particularly small businesses and their customers2 7,d7 includes a detailed assessment of the cost associated with implementing the plan1 including whether additional administrative funds are necessary to effectively implement the plan1 and1 if so1 a detailed justification summarizing how the additional funds will be spent4 7n7 ,data management policy ,the ,bank shall develop formal data management policy and procedures that-- 7#a7 ensure complete and accurate data with respect to participants in the ,bank's programs is captured in the database of the ,bank in a readily accessible medium2 and 7#b7 define which information is required for reporting purposes4 4 #fjd4 ,modernizing the disclosure of environmental reports ,section #aa of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce;i-#e7 is amended-- 7#a7 in subsection 7a77#a71 by striking ,such procedures shall provide and all that follows through ,the preceding sentence and inserting the following3 ,such procedures shall provide for the public disclosure on the ,bank's website of environmental assessments and supplemental environmental reports required to be submitted to the ,bank1 including remediation or mitigation plans and procedures1 and related monitoring reports4 ,public disclosure of reports under the preceding sentence shall be provided for not later than #ae business days after the ,bank receives the reports4 ,the preceding sentences2 and 7#b7 in subsection 7b7-- 7,a7 by striking 7b7 and all that follows through ,the ,bank and inserting the following3 7b7 ,use of bank programs ,to encourage certain export ,the ,bank 2 and 7,b7 by striking paragraph 7#b74 ,,vii ,leveling the playing field for ,united ,states exporters #gja4 ,leveling the playing field for ,united ,states exporters ,section #aa of the ,export-,import ,bank ,reauthorization ,act of #bjab 7#ab ,u4,s4,c4 #fce;a-#e7 is amended by striking subsections 7a7 and 7b7 and inserting the following3 7a7 ,negotiations ,to bring non-,,oecd members into the ,,oecd arrangement on officially supported export credits ,the ,secretary of the ,treasury shall initiate and pursue negotiations with countries that are not members of the ,organisation for ,economic ,co-operation and ,development to bring those countries into a multilateral agreement establishing rules and limitations on officially supported export credits4 7b7 ,annual reports on progress of negotiations ,not later than #ahj days after the date of the enactment of the ,promoting ,u4,s4 ,jobs ,through ,exports ,act of #bjae1 and annually thereafter through calendar year #bjbb1 the ,secretary shall submit to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate a report on the progress of any negotiations described in subsection 7a74 4 #gjb4 ,prohibiting illegal support of foreign exports ,the ,united ,states ,trade ,representative shall-- 7#a7 seek to identify the extent to which countries that are members of the ,world ,trade ,organization and are not parties to the ,arrangement on ,officially ,supported ,export ,credits of the ,organisation for ,economic ,co-operation and ,development are in compliance with the terms of the ,agreement on ,subsidies and ,countervailing ,measures referred to in section #aja7;d77#ab7 of the ,uruguay ,round ,agreements ,act 7#ai ,u4,s4,c4 #ceaa7;d77#ab77 with respect to export finance2 and 7#b7 seek appropriate action within the ,world ,trade ,organization for each country that is not in compliance with the terms of that ,agreement4