S.Amdt. 1935

SA 1935. 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. NEGOTIATIONS TO SUBSTANTIALLY REDUCE SUBSIDIES FOR
AIRCRAFT FINANCING.

(a) In General.--The President shall initiate and pursue
negotiations with all countries that finance large air
carrier aircraft with funds from a state-sponsored entity, to
substantially reduce export credit financing for the
aircraft, with the ultimate goal of eliminating financing for
the aircraft by state-sponsored entities. Not later than 180
days after the date of the enactment of this Act, and
annually thereafter, the President shall submit to the
Committee on Banking, Housing, and Urban Affairs of the
Senate and the Committee on Financial Services of the House
of Representatives a report on the progress of the
negotiations until the President certifies in writing to the
committees that all countries that finance large air carrier
aircraft with funds from a state-sponsored entity have agreed
to end the financing with funds from such an entity.
(b) Large Air Carrier Aircraft Defined.--In subsection (a),
the term ``large air carrier aircraft'', means an aircraft
designed to hold seats for at least 31 passengers.
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