S.Amdt. 1921Senate112th Congress (2011-2013)2nd degree
S.Amdt. 1921
Sponsored by
Sen. Saxby Chambliss (R-GA)
Submitted March 20, 2012
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Senate amendment submitted
March 20, 2012
Text
Submitted
SA 1921. 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: At the end of the amendment, add the following: SEC. 817. CATEGORIZATION OF PURPOSE OF LOANS AND LONG-TERM GUARANTEES IN ANNUAL REPORT. Section 8 of the Export-Import Bank Act of 1945 (12 U.S.C. 635g), as amended by sections 808 and 810, is amended by adding at the end the following: ``(i) Categorization of Purpose of Loans and Long-term Guarantees.--In the annual report of the Bank under subsection (a), the Bank shall categorize each loan and long- term guarantee made by the Bank in the fiscal year covered by the report, and according to the following purposes: ``(1) `To assume commercial or political risk that exporter or private financial institutions are unwilling or unable to undertake'. ``(2) `To overcome maturity or other limitations in private sector export financing'. ``(3) `To meet competition from a foreign, officially sponsored, export credit competition'. ``(4) `Not identified', and the reason why the purpose is not identified.''. ______