H. R. 3242
IN THE HOUSE OF REPRESENTATIVES
June 12, 2019
Ms. Velázquez (for herself and Mr. San Nicolas) introduced the following bill; which was referred to the Committee on Financial Services
To amend the charter of the Export-Import Bank of the United States to create a new office within the Bank.
This Act may be cited as the
Office of Territorial Exporting Act.
Creation of the Office of Territorial Exporting in the Export-Import Bank of the United States
Section 3 of the Export-Import Bank Act of 1945 (12 U.S.C. 635a) is amended by adding at the end the following:
Office of Territorial Exporting
There is established in the Bank the Office of Territorial Exporting (in this subsection referred to as the
The Office shall have an office in the headquarters of the Bank in Washington, DC, and in each territory.
The Bank shall hire such full-time staff as may be necessary to perform the functions of the Office.
The Office shall conduct outreach, education, and provide learning resources to facilitate the provision to export businesses in the territories of all forms of financial assistance offered by the Bank.
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.
Section 8 of such Act (12 U.S.C. 635g) is amended by adding at the end the following:
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—
the presence of the Bank in the territories; and
the provision of Bank assistance to export businesses in the territories.