American Territories Exporting Act of 2020

I 116TH CONGRESS 2D SESSION H. R. 5881 To establish the Office of Territorial Exporting in the Export-Import Bank of the United States. IN THE HOUSE OF REPRESENTATIVES FEBRUARY 12, 2020 Mr. SAN NICOLAS introduced the following bill; which was referred to the Committee on Financial Services A BILL To establish the Office of Territorial Exporting in the Export-Import Bank of the United States. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘American Territories 4 Exporting Act of 2020’’. 5 SEC. 2. SUPPORT FOR UNITED STATES TERRITORIES. 6 (a) CREATION OF THE OFFICE OF TERRITORIAL EX- 7 PORTING.—Section 3 of the Export-Import Bank Act of 8 1945 (12 U.S.C. 635a) is amended by adding at the end 9 the following: 10 VerDate Sep 11 2014 23:46 Feb 19, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H5881.IH H5881 pamtmann on DSKBC07HB2PROD with BILLS 2 •HR 5881 IH ‘‘(n) OFFICE OF TERRITORIAL EXPORTING.— 1 ‘‘(1) IN GENERAL.—The President of the Bank 2 shall establish an Office of Territorial Exporting, the 3 functions of which shall be to— 4 ‘‘(A) promote the export of goods and serv- 5 ices from the territories; 6 ‘‘(B) conduct outreach, education, and dis- 7 seminate information concerning export oppor- 8 tunities and the availability of Bank support for 9 such activities; and 10 ‘‘(C) increase the total amount of loans, 11 guarantees, and insurance provided by the 12 Bank benefitting the territories. 13 ‘‘(2) STAFF.—The President of the Bank shall 14 hire such staff as may be necessary to perform the 15 functions of the Office, including— 16 ‘‘(A) at least one staffer responsible for 17 liaising with Puerto Rico and the United States 18 Virgin Islands; and 19 ‘‘(B) at least one staffer responsible for 20 liaising with the United States territories of 21 Guam, the Commonwealth of the Northern 22 Mariana Islands, and American Samoa. 23 ‘‘(3) DEFINITION OF TERRITORY.—In this Act, 24 the term ‘territory’ means the Commonwealth of 25 VerDate Sep 11 2014 23:46 Feb 19, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H5881.IH H5881 pamtmann on DSKBC07HB2PROD with BILLS 3 •HR 5881 IH Puerto Rico, the United States Virgin Islands, 1 Guam, the Commonwealth of the Northern Mariana 2 Islands, and American Samoa.’’. 3 (b) ANNUAL REPORT.—Section 8 of such Act (12 4 U.S.C. 635g) is amended by adding at the end the fol- 5 lowing: 6 ‘‘(m) REPORT ON ACTIVITIES IN THE TERRI- 7 TORIES.—The Bank shall include in its annual report to 8 Congress under subsection (a) a report on the steps taken 9 by the Bank in the period covered by the report to in- 10 crease— 11 ‘‘(1) awareness of the Bank and its services in 12 the territories; and 13 ‘‘(2) the provision of Bank support to export 14 businesses in the territories. 15 ‘‘(n) REPORT ON CONSULTATIONS WITH POTEN- 16 TIALLY IMPACTED COMMUNITIES.—The Bank shall in- 17 clude in its annual report to Congress under subsection 18 (a) of this section a report on the steps taken by the Bank 19 to consult with affected communities, including affected 20 workers, pursuant to section 11(a)(2).’’. 21 Æ VerDate Sep 11 2014 23:46 Feb 19, 2020 Jkt 099200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\H5881.IH H5881 pamtmann on DSKBC07HB2PROD with BILLS