An amendment numbered 9 printed in House Report 116-289 to allow the US Export Finance Agency to use surplus funds to expand or establish additional regional finance centers.

1. Adds SEC. __. AUTHORITY OF THE UNITED STATES EXPORT FINANCE AGENCY TO USE 3 PERCENT OF ITS PROFITS FOR ADMINISTRATIVE EXPENSES on page 33, line 22

   Adds a sectionPrinted page

   Inserted: SEC. __. AUTHORITY OF THE UNITED STATES EXPORT FINANCE AGENCY TO USE 3 PERCENT OF ITS PROFITS FOR ADMINISTRATIVE EXPENSES.

   Inserted: Section 3 of the Export-Import Bank Act of 1945 (12 U.S.C. 635a), as amended by the preceding provisions of this Act, is amended by adding at the end the following:

   Inserted: "(p) Authority to Use Portion of Agency Surplus for Administrative Expenses.--

   Inserted: "(1) Authority.--

   Inserted: "(A) In general.--Subject to paragraph (2), in addition to any other amounts that the Agency may use to cover administrative expenses of the Agency, the Agency may use not more than 3 percent of the surplus (as defined in subsection (j)(2), without regard to subparagraph (B)(ii) of such subsection) of the Agency, for each fiscal year in the 5-year period beginning with the date of the enactment of this paragraph, to cover administrative expenses of the Agency.

   Inserted: "(B) Use for regional offices.--Of the amount of the surplus which may be used as provided in subparagraph (A), the Agency shall use at least \1/3\ to expand or establish regional offices of the Agency.

   Inserted: "(2) Subject to appropriations.--The authority provided by paragraph (1) may be exercised only to such extent and in such amounts as are provided in advance in appropriations Acts.".

   Original wording

   Page 33, after line 22, insert the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed