S.Amdt. 1873
What it does: Adds SEC. ___. RESTRICTION ON FINANCING OF EXPORTATION OF AIRCRAFT 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. ___. RESTRICTION ON FINANCING OF EXPORTATION OF AIRCRAFT BY THE EXPORT-IMPORT BANK OF THE UNITED STATES wherever appropriate
Adds a sectionInserted: SEC. ___. RESTRICTION ON FINANCING OF EXPORTATION OF AIRCRAFT 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), on or after the date of the enactment of this Act, with respect to the exportation of an aircraft unless each entity to which the financing will be provided certifies to the Bank that the entity will not subsequently enter into an agreement with a United States entity for the sale and leaseback of the aircraft.
Inserted: (b) United States Entity Defined.--In this section, the term "United States entity" means an entity organized under the laws of the United States or any jurisdiction within the United States.
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1873. 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. ___. RESTRICTION ON FINANCING OF EXPORTATION OF AIRCRAFT 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), on or after the date of the enactment of this Act, with respect to the exportation of an aircraft unless each entity to which the financing will be provided certifies to the Bank that the entity will not subsequently enter into an agreement with a United States entity for the sale and leaseback of the aircraft.
(b) United States Entity Defined.--In this section, the term “United States entity” means an entity organized under the laws of the United States or any jurisdiction within the United States.
Legislative Activity
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Senate amendment submitted
March 19, 2012