S.Amdt. 2441Senate114th Congress (2015-2017)3rd degree
S.Amdt. 2441
Sponsored by
Sen. James Lankford (R-OK)
Submitted July 26, 2015
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Senate amendment submitted
July 26, 2015
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Senate amendment submitted
July 26, 2015
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Senate amendment submitted
July 26, 2015
Text
Submitted
SA 2441. Mr. LANKFORD submitted an amendment intended to be proposed to amendment SA 2327 submitted by Mr. Kirk (for himself, Mr. Graham, Mr. Blunt, Ms. Ayotte, Ms. Heitkamp, Mr. Manchin, Mr. Donnelly, Mr. Warner, Ms. Klobuchar, and Ms. Cantwell) to the amendment SA 2266 proposed by Mr. McConnell to the bill H.R. 22, to amend the Internal Revenue Code of 1986 to exempt employees with health coverage under TRICARE or the Veterans Administration from being taken into account for purposes of determining the employers to which the employer mandate applies under the Patient Protection and Affordable Care Act; which was ordered to lie on the table; as follows: At the end of subtitle D of the amendment, add the following: SEC. __43. MODIFICATIONS TO AUTHORITY OF EXPORT-IMPORT BANK OF THE UNITED STATES. (a) Sense of Congress.--It is the sense of Congress that the Export-Import Bank of the United States should be a lender of last resort and should take appropriate measures to ensure it does not compete with any private United States entity. (b) Definitions of Small Business Concern.--Section 2(b)(1)(E) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(b)(1)(E)) is amended by adding at the end the following: ``(xi) In this Act, the terms `small business' and `small business concern' mean a small business concern (as defined under section 3 of the Small Business Act (15 U.S.C. 632)).''. (c) Prohibition on Financing for State-owned Entities.-- Section 2 of the Export-Import Bank Act of 1945 (12 U.S.C. 635) is amended by adding at the end the following: ``(k) Prohibition on Financing for State-owned Entities.-- The Bank may not guarantee, insure, extend credit for, or participate in an extension of credit for a transaction for an entity that is owned or controlled by the government of a foreign country.''. (d) Limitation on Loan Guarantees.--Section 2 of the Export-Import Bank Act of 1945 (12 U.S.C. 635), as amended by subsection (c), is further amended by adding at the end the following: ``(l) Limitation on Loan Guarantees.-- ``(1) In general.--Except as provided by paragraph (2), loan guarantees provided by the Bank may not-- ``(A) cover default for commercial risk; or ``(B) cover more than 50 percent of a loss. ``(2) Exception for small business concerns.--The limitations in paragraph (1) shall not apply with respect to loan guarantees for the exportation of goods or services produced by an entity that is a small business concern and is organized under the laws of the United States or any jurisdiction within the United States.''. (e) Prohibition on Financing for High-income Countries.-- Section 2 of the Export-Import Bank Act of 1945 (12 U.S.C. 635), as amended by subsections (c) and (d), is further amended by adding at the end the following: ``(m) Prohibition on Financing for High-income Countries.-- The Bank may not guarantee, insure, extend credit for, or participate in an extension of credit for the exportation of goods or services to a country that has a high-income economy, as determined by the World Bank Group, unless the producer of the goods or services is a small business concern and is organized under the laws of the United States or any jurisdiction within the United States.''. (f) Prohibition on Provision of Direct Loans.--Section 2 of the Export-Import Bank Act of 1945 (12 U.S.C. 635), as amended by subsections (c), (d), and (e), is further amended by adding at the end the following: ``(n) Prohibition on Provision of Direct Loans.-- Notwithstanding any other provision of this Act or any other provision of law, the Bank may not provide direct loans for the exportation of goods or services unless the producer of the goods or services is a small business concern and is organized under the laws of the United States or any jurisdiction within the United States.''. ______