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Title II — Promotion of small business exports

S. 2183 · 114th Congress · Oct 19, 2015 · Lineage

II Promotion of small business exports

Sec. 201 Increase in small business lending requirements

(a)
In general— Section 2(b)(1)(E)(v) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(b)(1)(E)(v)) is amended by striking “20 percent” and inserting “25 percent”.
(b)
Effective date— The amendment made by subsection (a) shall apply with respect to fiscal year 2016 and each fiscal year thereafter.

Sec. 202 Report on programs for small and medium-sized businesses

(a)
In general— Section 8 of the Export-Import Bank Act of 1945 (12 U.S.C. 635g) is amended by adding at the end the following:

“(k) Report on Programs for Small and Medium-Sized Businesses—The Bank shall include in its annual report to Congress under subsection (a) a report on the programs of the Bank for United States businesses with less than $250,000,000 in annual sales.”

(b)
Effective date— The amendment made by subsection (a) shall apply with respect to the report of the Export-Import Bank of the United States submitted to Congress under section 8 of the Export-Import Bank Act of 1945 (12 U.S.C. 635g) for the first year that begins after the date of the enactment of this Act.