,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #debb  ,,in ,,the ,,house ,,of  
,,representatives  ,july #ag1 #bjbe,mr4 
,nunn of ,iowa introduced the following 
bill2 which was referred to the         
,committee on ,financial ,services  ,a  
,,bill  ,to provide for working with    
allies to seek increased compliance by  
,china with certain ,,oecd export credit
 standards4  #a4 ,short title ,this ,act
 may be cited as the ,neutralizing      
,unfair ,chinese ,export ,subsidies ,act
 of #bjbe4  #b4 ,working with allies to 
ensure ,china's compliance with ,,oecd  
standards  7a7 ,in general ,within #ahj 
days after the date of the enactment of 
this ,act1 the ,secretary of the        
,treasury 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 detailed      
strategy and timeline with respect to-- 
7#a7 strengthening ,united ,states      
advocacy and cooperation with           

appropriate allies and partners to seek 
to ensure substantial compliance by     
,china with the financial terms and     
conditions of the ,,oecd ,arrangement on
 ,officially ,supported ,export         
,credits2 and  7#b7 the goal described  
in section #aa7;a77#a7 of the           
,export-,import ,bank ,reauthorization  
,act of #bjab4  7b7 ,international      
negotiations on export subsidies  7#a7  
,in general ,section #aa7;a77#a7 of the 
,export-,import ,bank ,reauthorization  
,act of #bjab 7#ab ,u4,s4,c4            
#fce;a-#e7;a77#a77 is amended by        
striking with the possible goal of      
eliminating1 before the date that is #aj
 years after the date of the enactment  
of the ,export-,import ,bank ,reform and
 ,reauthorization ,act of #bjae1 and    
inserting with the goal of eliminating1 
before the date that is #aj years after 
the date of the enactment of the        
,neutralizing ,unfair ,chinese ,export  
,subsidies ,act of #bjbe4  7#b7         
,progress report ,section #aa7;e7 of    

such ,act 7#ab ,u4,s4,c4 #fce;a-#e7;e77 
is amended by striking #bjai and        
inserting #bjbi4  7#c7 ,conduct of      
negotiations ,section #aa of such ,act  
7#ab ,u4,s4,c4 #fce;a-#e7 is amended--  
7,a7 in each of subsections 7a7 and 7d71
 by striking ,the ,president and        
inserting ,the ,secretary of the        
,treasury1 in consultation with the     
,united ,states ,trade ,representative12
  7,b7 in subsection 7a71 by inserting 1
 and endeavor to hold not less          
frequently than twice per year1 before  
negotiations2  7,c7 in each of          
subsections 7b71 7c71 and 7e71 by       
striking ,president each place it       
appears and inserting ,secretary of the 
,treasury2 and  7,d7 in subsection 7d71 
by inserting 1 and endeavor to hold such
 negotiations not less frequently than  
twice per year before the period4  #c4  
,exchange rate governance and           
,international ,monetary ,fund  7a7 ,in 
general ,in applying criteria to        
determine whether the ,people's         

,republic of ,china has manipulated the 
rate of exchange between its currency   
and the ,united ,states dollar1 the     
,secretary of the ,treasury--  7#a7     
shall take into account-- 7,a7          
compliance by the ,people's ,republic of
 ,china with its obligations under      
,article ,,viii of the ,articles of     
,agreement of the ,international        
,monetary ,fund2  7,b7 the transparency 
of exchange rate management by the      
,people's ,republic of ,china2 and  7,c7
 significant support by the government  
of the ,people's ,republic of ,china to 
particular economic sectors that        
prevents effective balance of payments  
adjustments2 and  7#b7 may carry out the
 determination regardless of any global 
current account surplus of the ,people's
 ,republic of ,china4  7b7 ,opposition  
to ,,imf quota increase ,during the     
one-year period following a             
determination by the ,secretary of the  
,treasury that the ,people's ,republic  
of ,china has manipulated the rate of   

exchange between its currency and the   
,united ,states dollar1 the ,secretary  
shall instruct the ,united ,states      
,governor of the ,international         
,monetary ,fund to use the voice and    
vote of the ,united ,states to oppose   
any proposal to increase the quota of   
the ,people's ,republic of ,china in the
 ,fund1 other than consent to an        
amendment to the ,articles of ,agreement
 of the ,fund that has been authorized  
by law4