S.Amdt. 1871
What it does: Adds SEC. ___. RESTRICTIONS ON FINANCING OF CERTAIN FOSSIL FUEL PROJECTS BY THE EXPORT-IMPORT BANK OF THE UNITED STATES wherever appropriate
Sen. Tom Coburn (R-OK)What it changes
1 change to H.R. 3606
Adds SEC. ___. RESTRICTIONS ON FINANCING OF CERTAIN FOSSIL FUEL PROJECTS BY THE EXPORT-IMPORT BANK OF THE UNITED STATES wherever appropriate
Adds a sectionInserted: SEC. ___. RESTRICTIONS ON FINANCING OF CERTAIN FOSSIL FUEL PROJECTS BY THE EXPORT-IMPORT BANK OF THE UNITED STATES.
Inserted: (a) In General.--The Export-Import Bank of the United States may not provide any financing (including any guarantee, insurance, extension of credit, or participation in the extension of credit) with respect to any project that involves the exploration for or production of fossil fuels in a foreign country if similar exploration or production is illegal in the United States or is largely prohibited in certain areas within the United States.
Inserted: (b) Definition of Fossil Fuel.--In this section, the term "fossil fuel" means natural gas, petroleum, coal, or any form of solid, liquid, or gaseous fuel derived from any such material.
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
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As printed
SA 1871. Mr. COBURN submitted an amendment intended to be proposed by him to the bill H.R. 3606, to increase American job creation and economic growth by improving access to the public capital markets for emerging growth companies; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. ___. RESTRICTIONS ON FINANCING OF CERTAIN FOSSIL FUEL PROJECTS BY THE EXPORT-IMPORT BANK OF THE UNITED STATES.
(a) In General.--The Export-Import Bank of the United States may not provide any financing (including any guarantee, insurance, extension of credit, or participation in the extension of credit) with respect to any project that involves the exploration for or production of fossil fuels in a foreign country if similar exploration or production is illegal in the United States or is largely prohibited in certain areas within the United States.
(b) Definition of Fossil Fuel.--In this section, the term “fossil fuel” means natural gas, petroleum, coal, or any form of solid, liquid, or gaseous fuel derived from any such material.
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Senate amendment submitted
March 19, 2012