H.R. 5881 — Introduced in House

I 116th CONGRESS 2d Session H. R. 5881 IN THE HOUSE OF REPRESENTATIVES February 12, 2020Mr. San Nicolas introduced the following bill; which was referred to the Committee on Financial Services A BILL To establish the Office of Territorial Exporting in the Export-Import Bank of the United States. 1. Short title This Act may be cited as the American Territories Exporting Act of 2020. 2. Support for United States territories (a) Creation of the Office of Territorial Exporting Section 3 of the Export-Import Bank Act of 1945 (12 U.S.C. 635a) is amended by adding at the end the following: (n) Office of territorial exporting (1) In general The President of the Bank shall establish an Office of Territorial Exporting, the functions of which shall be to— (A) promote the export of goods and services from the territories; (B) conduct outreach, education, and disseminate information concerning export opportunities and the availability of Bank support for such activities; and (C) increase the total amount of loans, guarantees, and insurance provided by the Bank benefitting the territories. (2) Staff The President of the Bank shall hire such staff as may be necessary to perform the functions of the Office, including— (A) at least one staffer responsible for liaising with Puerto Rico and the United States Virgin Islands; and (B) at least one staffer responsible for liaising with the United States territories of Guam, the Commonwealth of the Northern Mariana Islands, and American Samoa. (3) Definition of territory In this Act, the term territory means the Commonwealth of Puerto Rico, the United States Virgin Islands, Guam, the Commonwealth of the Northern Mariana Islands, and American Samoa. . (b) Annual report Section 8 of such Act (12 U.S.C. 635g) is amended by adding at the end the following: (m) Report on activities in the territories The Bank shall include in its annual report to Congress under subsection (a) a report on the steps taken by the Bank in the period covered by the report to increase— (1) awareness of the Bank and its services in the territories; and (2) the provision of Bank support to export businesses in the territories. (n) Report on consultations with potentially impacted communities The Bank shall include in its annual report to Congress under subsection (a) of this section a report on the steps taken by the Bank to consult with affected communities, including affected workers, pursuant to section 11(a)(2). .