S.Amdt. 1920

SA 1920. 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 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:

Strike section 812 of the amendment and insert the
following:

SEC. 812. REPORT BY THE COMPTROLLER GENERAL OF THE UNITED
STATES ON THE ROLE OF THE EXPORT-IMPORT BANK OF
THE UNITED STATES IN THE WORLD ECONOMY AND THE
BANK'S RISK MANAGEMENT.

Not later than 1 year after the date of the enactment of
this Act, the Comptroller General of the United States shall
complete and submit to the Export-Import Bank of the United
States, the Committee on Banking, Housing, and Urban Affairs
of the Senate, and the Committee on Financial Services of the
House of Representatives a report that evaluates--
(1) the history of the rate of growth of the Bank, and its
causes, with specific consideration given to--
(A) the capital market conditions for export financing;
(B) increased competition from foreign export credit
agencies;
(C) the rate of growth of the Bank from 2008 to the
present;
(2) the effectiveness of the Bank's risk management,
including--
(A) potential for losses from each of the products offered
by the Bank; and
(B) the overall risk of the Bank's portfolio, taking into
account--
(i) market risk;
(ii) credit risk;
(iii) political risk;
(iv) industry-concentration risk;
(v) geographic-concentration risk;
(vi) obligor-concentration risk; and
(vii) foreign-currency risk;
(3) the Bank's use of historical default and recovery rates
to calculate future program costs, taking into consideration
cost estimates determined under the Federal Credit Reform Act
of 1990 (2 U.S.C. 661 et seq.) and whether discount rates
applied to cost estimates should reflect the risks described
in paragraph (2);
(4) the fees charged by the Bank for the products the Bank
offers, whether the Bank's fees properly reflect the risks
described in paragraph (2), and how the fees are affected by
United States participation in international agreements; and
(5) whether the Bank's loan loss reserves policy is
sufficient to cover the risks described in paragraph (2).
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