Export Enhancement Act of 1992

Summary

Export-Import Bank Charter Renewal Act of 1992 - Title I: Charter Renewal - Amends the Export-Import Bank Act of 1945 to extend the authority of the Export-Import Bank of the United States (Bank) to finance the export of goods and services to foreign countries from FY 1992 through 1997. Authorizes appropriations through FY 1997 for the Tied Aid Credit Fund. Increases the limits on the aggregate amount of loans, guarantees, and insurance provided by the Bank for the financing of exports of goods and services for FY 1992 through 1997. Requires the Bank, among other things, when determining whether to provide support for such exports under its loan, guarantee, and insurance program to consider the need to involve private capital. Directs the Bank to: (1) submit annual reports to the Congress on the relationship of export financing to the strategic U.S. position on exports of goods and services; and (2) appear annually before specified congressional committees to testify on issues addressed in the report. Directs the Bank to establish the Financing and Marketing Committee which shall identify policies which would facilitate the export of intangible goods and services. Requires the Committee to study and report to specified congressional committees policies that would facilitate such exports. Directs the Bank to: (1) provide current information on all of its programs and financing practices to the Small Business Administration (SBA) and other Federal agencies involved in promoting exports and marketing export financing programs, and State and local export financing organizations that indicate a desire to participate in export promotion; (2) undertake a program to provide training for personnel with respect to such financing programs; and (3) cooperate with such agencies and organizations in co-locating their personnel throughout the country so that exporters may obtain, through a "one-stop shop," working capital to produce products or services for export, and financing and insurance for their export. Requires the Bank with respect to every long-term loan or guarantee of at least $10 million that it provides for the financing of exports to a foreign country to ensure that such country accords U.S. insurance companies an opportunity to provide insurance against risk of loss with respect to such exports. Removes Angola from the list of Marxist-Leninist countries to which Bank assistance is prohibited. Title II: Other Provisions - Sets forth provisions with respect to the compensation of Bank employees. Increases the membership of the Bank Advisory Committee from 12 to 15 members. Removes Czechoslovakia, Estonia, East Germany, Hungary, Latvia, Lithuania, Albania, Bulgaria, Poland, Yugoslavia, Romania, and the Soviet Union from the list of Marxist-Leninist countries to which Export-Import Bank assistance is prohibited. Directs the Bank to: (1) develop a program for providing guarantees and insurance with respect to the export of high technology items to eligible Eastern European countries (defined under the Support for East European Democracy (SEED) Act of 1989); and (2) inform high technology companies about Bank programs for U.S. companies interested in exporting high technology goods to such countries. Earmarks funding for such programs. Directs the Bank to report to the Congress on the demand for loans, guarantees, and insurance for trade between the United States and the Baltic States, the Soviet Union (including all successor states), and central and eastern Europe, including recommendations for the promotion of trade between the United States and such countries. Extends the authority of the Bank to guarantee, insure, or participate in an extension of credit in connection with any credit sale of defense articles or services to foreign countries from FY 1992 through 1994. Prohibits the Board of Directors of the Bank from approving the guarantee or insurance of a sale of such items unless, among other things, the President determines that the purchasing country has complied with all U.S. restrictions on their end use and has not used them to engage in a consistent pattern of gross violations of internationally recognized human rights. Repeals a provision of the Arms Export Control Act prohibiting certain financing of sales of defense articles or services by the Bank. Requires the Comptroller General to study and report to the Congress on the Bank's participation in financing such sales. Requires the Bank to report to the Congress on the competitive effects of a certain Act that requires exports financed by U.S. Government instrumentalities to be carried on U.S. vessels. Title III: Enterprise for the Americas Initiative - Declares that it is the purpose of this title to support improvement in the lives of the people of Latin America and the Caribbean and economic growth through initiatives to promote debt reduction, investment reforms, trade liberalization, and community-based conservation and sustainable use of the environment. Subtitle A: Enterprise for the Americas Facility - Establishes in the Department of the Treasury the Enterprise for the Americas Facility to administer debt reduction operations for countries that meet investment reforms and other policy conditions. Makes eligible for Facility benefits Latin American or Caribbean countries that: (1) have in effect, received approval for, or are making progress toward specified IMF arrangements and structural or sectoral adjustment loans from the World Bank or the International Development Association; (2) have put in place major investment reforms in conjunction with an Inter-American Development Bank loan or are implementing or making progress toward an open investment regime; and (3) have agreed with commercial bank lenders on a financing program for debt or debt service reduction. Subtitle B: Sales, Reductions, or Cancellations of Loans - Authorizes the President to: (1) sell to any eligible purchaser any loan made to an eligible country before 1992 pursuant to the Export-Import Bank Act of 1945; and (2) reduce or cancel such loan on receipt of payment from an eligible purchaser only for purposes of facilitating debt-for-equity, debt-for-development, debt-for-nature swaps, and debt buy-backs. Authorizes appropriations. Subtitle C: Reports and Consultations - Sets forth reporting and congressional consultation requirements for the President with respect to the Enterprise for the Americas Facility.

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Documents

8 official files

• Received in Senate (text)

  Received in Senate · EN

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• Introduced in House (text)

  Introduced in House · EN

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• Enrolled Bill (text)

  Enrolled Bill · EN

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• Engrossed in House (text)

  Engrossed in House · EN

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• Engrossed Amendment Senate (text)

  Engrossed Amendment Senate · EN

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• Public Law (PDF)

  Public Law · EN · 22 October 1992

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• Conference report filed in House

  summary · EN · 4 October 1992

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• Introduced in House

  summary · EN · 31 July 1992

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