S.Amdt. 1934

SA 1934. Mr. PAUL 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 appropriate place, insert the following:

SEC. ___. PROHIBITION ON FINANCING BY THE EXPORT-IMPORT BANK
OF THE UNITED STATES FOR ENTITIES THAT ARE
CONTROLLED BY FOREIGN GOVERNMENTS.

Notwithstanding any provision of the Export-Import Bank Act
of 1945 (12 U.S.C. 635 et seq.), 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) to an entity--
(1) in which a foreign government holds interests
representing at least 50 percent of the capital structure of
the entity or otherwise holds a controlling interest in the
capital structure of the entity; or

[[Page S1871]]

(2) that is otherwise controlled in effect by a foreign
government.
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