< Back to H.R. 4109 (104th Congress, 1995–1996)

Text of the Export Programs Extension Act of 1996

This bill was introduced on September 18, 1996, in a previous session of Congress, but was not enacted. The text of the bill below is as of Sep 18, 1996 (Introduced).

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H 4109 IH

104th CONGRESS

2d Session

H. R. 4109

To extend the authority for certain export programs, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

September 18, 1996

Mr. ROTH introduced the following bill; which was referred to the Committee on International Relations


A BILL

To extend the authority for certain export programs, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ‘Export Programs Extension Act of 1996’.

TITLE I--OVERSEAS PRIVATE INVESTMENT CORPORATION

SEC. 101. CEILING ON INVESTMENT INSURANCE.

    Section 235(a) of the Foreign Assistance Act of 1961 (22 U.S.C. 2195(a)) is amended--

      (1) by striking paragraph (1) and all that follows through the end of subparagraph (A) of paragraph (2) and inserting the following:

      ‘(1) MAXIMUM CONTINGENT LIABILITY- The maximum contingent liability outstanding at any one time pursuant to insurance issued under section 234(a) and financing issued under subsections (b) and (c) of section 234 shall not exceed $23,000,000,000.’; and

      (2) by striking ‘(B) Subject’ and inserting ‘(2) SUBSIDY COST- Subject’.

SEC. 102. ISSUING AUTHORITY.

    Section 235(a)(3) of the Foreign Assistance Act of 1961 (22 U.S.C. 2195(a)(3)) is amended by striking ‘1996’ and inserting ‘1997’.

SEC. 103. TECHNICAL AMENDMENTS.

    Section 234 of the Foreign Assistance Act of 1961 (22 U.S.C. 2194) is amended--

      (1) by amending paragraph (3) of subsection (a) to read as follows:

    ‘(3) Not more than $1,350,000,000 of investment insurance may be issued to a single investor.’;

      (2) in subsection (b) in the last proviso by striking ‘15 per centum’ and all that follows through the end of the sentence and inserting ‘$1,425,000,000 of investment guaranties may be issued to a single investor.’; and

      (3) in subsection (f) in the next to last sentence by striking ‘an amount equal to the amount authorized for the maximum contingent liability outstanding at any one time under section 235(a)(1)’ and inserting ‘$13,500,000,000’.

TITLE II--TRADE AND DEVELOPMENT AGENCY

SEC. 201. TRADE AND DEVELOPMENT AGENCY AUTHORIZATION.

    Section 661(f)(1)(A) of the Foreign Assistance Act of 1961 (22 U.S.C. 2191(f)(1)(A)) is amended to read as follows:

      ‘(1) AUTHORIZATION- (A) There are authorized to be appropriated for purposes of this section, in addition to funds otherwise available for such purposes, $40,000,000 for fiscal 1997.’.

TITLE III--EXPORT PROMOTION PROGRAMS

SEC. 301. EXPORT PROMOTION AUTHORIZATION.

    Section 202 of the Export Administration Amendments Act of 1985 (15 U.S.C. 4052) is amended to read as follows:

‘SEC. 202. AUTHORIZATION OF APPROPRIATIONS.

    ‘There are authorized to be appropriated to the Department of Commerce to carry out export promotion programs $250,000,000 for fiscal year 1997.’.