Political Quotes

On the recordSeptember 30, 1997
Amendment No. 1 offered by Mr. Evans: At the end of the bill, add the following: SEC. 10. PREFERENCE IN EXPORT-IMPORT BANK ASSISTANCE FOR EXPORTS TO CHINA TO BE PROVIDED TO COMPANIES ADHERING TO CODE OF CONDUCT. (a) In General.--Section 2 of the Export-Import Bank Act of 1945 (12 U.S.C. 635) is amended by adding at the end the following: ``(f) Preference in Assistance for Exports to China To Be Provided to Entities Adhering to Code of Conduct.-- ``(1) Prohibitions.-- ``(A) In general.--In determining, whether to guarantee, insure, extend credit, or participate in the extension of credit with respect to the export of goods or services destined for the People's Republic of China, the Board of Directors shall give preference to entities that the Board of Directors determines have established and are adhering to the code of conduct set forth in paragraph (2). ``(B) Penalty for violation.--The Bank shall withdraw any guarantee, insurance, or credit that the Bank has provided, and shall withdraw from any participation in an extension of credit, to an entity with respect to the export of any good or service destined for the People's Republic of China if the Board of Directors determines that the entity is not adhering to the code of conduct set forth in paragraph (2).
Said by
Dwight Evans
Democratic · Pennsylvania

Editor's note · Context

Introducing an amendment related to export-import bank assistance for exports to China.

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