S.Amdt. 1914

SA 1914. Mr. CHAMBLISS submitted an amendment intended to be proposed
to amendment SA 1836 proposed by Mr. Reid (for Ms. Cantwell (for
herself, Mr. Johnson of South Dakota, Mr. Graham, Mr. Shelby, Mr.
Warner, Mr. Schumer, Mr. Brown of Ohio, Mrs. Hagan, Mr. Coons, Mr.
Akaka, Mrs. Murray, Ms. Landrieu, Mr. Kerry, and Mr. Kirk)) to the bill
H.R. 3606, to

[[Page S1855]]

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 end of the amendment, add the following:

SEC. 817. NON-SUBORDINATION REQUIREMENT.

Section 2 of the Export-Import Bank Act of 1945 (12 U.S.C.
635) is amended by adding at the end the following:
``(i) Non-subordination Requirement.--In entering into
financing contracts, the Bank shall seek a creditor status
which is not subordinate to that of all other creditors, in
order to reduce the risk to, and enhance recoveries for, the
Bank.''.
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