I)) Export Enhancement Act of 1986 - Title I
Directs the Secretary of Commerce to establish within the International Trade Administration the United States and Foreign Commercial Service (Commercial Service). Transfers to the Commercial Service the functions of the United States and Foreign Commercial Services. Declares that the purpose of the Commercial Service is to promote and protect U.S. business interests abroad.
Requires the Commercial Service to place primary emphasis on the promotion of U.S. exports, particularly from small and medium-sized businesses.
Sets forth activities to be carried out by the Commercial Service. Sets forth administrative provisions governing the Commercial Service. Requires the Secretary of State and the Secretary of Commerce to review periodically the current number of personnel assigned to U.S. diplomatic missions abroad to determine whether an adequate number of such personnel are engaged in economic or commercial duties to assist U.S. exporters and businesses doing business abroad.
Requires each chief of a U.S. diplomatic mission to an important U.S. trading partner which has significant potential for U.S. export sales to report annually to the President and the Congress on:
(1) the mission's strategy to expand U.S. exports; and
(2) the mission's efforts to assist U.S. industries in expanding export sales and improving their market position.
Declares that the Secretary of Commerce should appoint an officer of the Commercial Service to serve with each U.S. Executive Director of each multilateral development bank.
Requires each such officer to assist the U.S. Executive Director in:
(1) promoting U.S. exports;
(2) keeping U.S. businesses informed of bidding opportunities in countries receiving development bank loans;
(3) providing assistance to U.S. businesses with respect to certain businesses and in completing bidding documents; and
(4) investigating complaints from U.S. bidders about procurement contracts by such banks.
Amends the Export Administration Amendments Act of 1985 to authorize the Secretary of Commerce to establish a Market Development Cooperator Program the purpose of which is to develop, maintain, and expand foreign markets for nonagricultural goods and services produced in the United States. Authorizes the Secretary of Commerce to enter into contracts with nonprofit industry organizations, trade associations, State and regional trade agencies, and other private industry associations to engage in activities in order to:
(1) identify market opportunities;
(2) introduce new products and processes;
(3) eliminate trade and technical barriers; and
(4) improve economic and trade relations between the United States and other countries.
Defines the Market Development Cooperator Program as an export promotion program.
Declares that it is U.S. policy to:
(1) provide agricultural commodities for export;
(2) support the principle of free trade;
(3) support the negotiating objectives set forth in the Comprehensive Trade Policy Reform Act of 1986;
(4) counter aggressively unfair foreign trade practices and to use all available means to encourage fair and more open trade; and
(5) provide for increased representation of U.S. agricultural trade interests in the formulation of fiscal and monetary policy affecting trade.
Amends the Agricultural Trade Development and Assistance Act of 1954 (Public Law 480) to include U.S. wood and wood products among the agricultural commodities that may be used in development projects funded by local currency generated by Public Law 480.
Includes the construction of low-and medium-income housing within the definition of the terms "private sector development activity" and "private enterprise investment" as used in the private enterprise promotion provisions of such Act. Requires the President to submit to the Congress an annual Long Term Agricultural Trade Strategy Report. Sets forth information to be contained in such report, including recommended Federal spending levels and recommended strategies for growth in agricultural trade and exports.
Requires the Secretary of Agriculture to establish within the Department of Agriculture an Office of Agricultural Trade Policy Planning and Evaluation which shall coordinate the preparation of such report.
Authorizes the Secretary of Agriculture to make certain commodities available to cooperator organizations for demonstration projects designed to expand U.S. markets.
Authorizes the Secretary of Agriculture to expand the number of agricultural counselors and other Department of Agriculture representatives overseas.
Requires the Secretary of Agriculture to assist State agriculture departments in supporting export efforts of private companies.
Requires the Secretary of Agriculture to establish within the Foreign Agricultural Service a commodity division to promote value-added products not covered by cooperator agreements and to help develop a cooperator organization to support the marketing role of the division.
Expresses the sense of the Congress that the Office of Technology Assessment, in conducting a grain quality study, should:
(1) evaluate the international competitive problems attributable to grain quality standards and handling practices;
(2) identify the extent to which such standards and practices have contributed toward the decline in U.S. grain exports;
(3) perform a comparative analysis of U.S. standards and handling technology and the standards and technology of major grain export competitors;
(4) evaluate the consequences of subjecting U.S. export grain elevators to certain grain standards regulations; and
(5) evaluate the current method of establishing grain classification, the feasibility of using new technology to classify grains, and the impact of new seed varieties on exports and users of grain.
Requires the Office to report on such study to specified congressional committees by December 1, 1986.
Amends the Food Security Act of 1985 to direct the Secretary of Agriculture, in carrying out the export enhancement program established by such Act, to give priority to foreign purchasers of agricultural commodities who have either non-discriminatory treatment (most-favored-nation treatment) or a negative trade balance with the United States. Amends the Agricultural Trade and Export Policy Commission Act to terminate the Agricultural Trade and Export Policy Commission within 90 days of transmission of its final report.
Authorizes appropriations to the Secretary of Agriculture to conduct research that would enhance the long-term competitiveness in world markets of U.S. agricultural exports.
Requires the Secretary of Agriculture to:
(1) monitor foreign research and trade practices carried out to promote agricultural exports; and
(2) report annually to the Congress on trends in the competitive position of U.S. agricultural exports in the world market, foreign agricultural research developments, foreign agricultural export subsidies, and the marketing in nonmarket economies of U.S. agricultural exports.
Amends the Export Trading Company Act of 1982 to require the Secretary of Commerce to report annually to specified congressional committees on certificates of review issued under title III of such Act. Amends the Bank Holding Company Act of 1956 to change the definitions of the terms "export trading company" and "principally engaged in exporting." Prohibits the Federal Reserve Board from disapproving a proposed investment on the basis of the proposed assets to equity ratio of an export trading company unless the proposed annual average ratio is greater than 25 to one.
Prohibits the Federal Reserve Board from imposing a dollar limit on the amount of goods which export trading companies may maintain in inventory unless such a limit is necessary for a particular export trading company in order to protect the stability of an investor bank holding company.
Amends the Federal Reserve Act to exclude transactions with affiliated export trading companies from certain restrictions on transactions by Federal Reserve banks with affiliates.
Amends the Export-Import Bank Act of 1945 to require the Secretary of the Treasury to establish a Competitive Tied Aid Fund in the Treasury. Authorizes using the Fund to make available to U.S. exporters financing which is competitive with the advantageous financing provided to their competitors from countries engaging in predacious official export financing and to supplement the financing of U.S. exports to foreign markets which are actual or potential export markets for any country that:
(1) engages in predacious official export financing through the use of tied or partially untied aid credits; and
(2) impedes negotiations to eliminate the use of such credits for commercial purposes.
Declares that the Secretary of the Treasury:
(1) should avoid using the Fund to finance only one or two export projects;
(2) should seek to use the Fund to finance only U.S. exports that would be reasonably competitive in the absence of the predatory export financing practices of the other country; and
(3) shall ensure that the Fund is used only to assist certain U.S. entities or entities wholly owned by U.S. citizens.
Authorizes the amounts in the Fund to be used only with the approval of a majority of the members of the National Advisory Council on International Monetary and Financial Policies (the Council). Sets forth the duties of the Council. Directs the Secrtary of the Treasury to report on a quarterly basis to the Congress on the activities carried out under this Act. Requires the Export-Import Bank, until the funds authorized by this Act become available for expenditure, to make aggressive use of tied aid credits.
Requires the Bank to be reimbursed for the cost of any such credits.
Authorizes appropriations to the Fund for FY 1987.
Terminates the authorities (relating to mixed credit programs) contained in this Act and the Trade and Development Enhancement Act of 1983 when the Secretary of the Treasury certifies to the Congress that a majority of the members of the Council have determined that:
(1) the United States has reached an agreement with member countries of the Organization for Economic Cooperation and Development which ends abuses of tied and partially untied aid credits; and
(2) those countries are honoring the agreement.
Amends the Trade and Development Enhancement Act of 1983 to eliminate the limitation on the type of funds that the Agency for International Development may use to support mixed credits.
Expresses the sense of the Congress that the availability of Federal export financing contributes to the maintenance and expansion of U.S. exports and can serve to reverse the trend toward overseas production.
Directs the Secretary of State to report annually to specified congressional committees on the economic policy and trade practices of each country with which the United States has an economic or trade relationship.
Sets forth information to be included in such report.
Amends the Export Administration Amendments Act of 1985 to authorize appropriations for FY 1987 and 1988 to the Department of Commerce for export promotion programs.