PUBLIC LAW 102-429—OCT. 21, 1992 106 STAT. 2187 (2) exports are a crucial force driving the United States economy; (3) during 1991, the value of United States exports increased by 7.1 percent from the 1990 level to $421,600,000,000, supporting more than 7,000,000 full-time United States jobs, and affecting the lives of all of the people of the United States; (4) exports also support the global strategic position of the United States; (5) a significant part of a country's influence is drawn from the reputation of its goods, its industrial connections with other countries, and the capital it has available for investment, and trade finance is a critical component of this equation; (6) the growth in United States exports has increased the demand for financing from the Export-Import Bank of the United States; (7) during 1991, the value of exports assisted by the Export- Import Bank rose 28.7 percent, from $9,700,000,000 to $12,100,000,000, the highest level since 1981; (8) the Export-Import Bank used its entire budget authority provided for 1991, and still could not meet all of the demand for its financing assistance; and (9) accordingly, the charter of the Export-Import Bank, which is scheduled to expire on September 30, 1992, must be renewed in order that the Bank continue to arrange competitive and innovative financing for the foreign sales of United States exporters. SEC. 102. EXTENSION OF AUTHORITY. Section 8 of the Export-Import Bank Act of 1945 (12 U.S.C. 635f) is amended by striking "1992" and inserting "1997". SEC. 103. TIED AID CREDIT FUND EXTENSION. (a) IN GENERAL.—Section 15(c)(2) of the Export-Import Bank Act of 1945 (12 U.S.C. 635i-3(c)(2)) is amended by striking "fiscal year 1992" and inserting "September 30, 1995". (b) AUTHORIZATION OF APPROPRIATIONS. —Section 15(e) of the Export-Import Bank Act of 1945 (12 U.S.C. 635i-3(e)) is amended to read as follows: "(e) AUTHORIZATION.—There are authorized to be appropriated to the Fund $500,000,000 for each of fiscal years 1993, 1994, and 1995. Such sums are authorized to remain available until expended.". (c) TECHNICAL AND CONFORMING AMENDMENTS.—Section 15 of the Export-Import Bank Act of 1945 (12 U.S.C. 635i-3) is amended— (1) by striking "predacious" each place such term appears and inserting "predatorjr"; (2) in subsection (a)(5)— (A) by striking "temporary**; and (B) by striking "existing arrangement" and inserting " existing Arrangement"; (3) in subsection (b)(l)^ (A) by striking "To carry out the purposes of subsection (a)(5), the" and inserting "The"; (B) in subparagraph (A), by inserting before the semicolon the foUoMdng: "and with special attention to matching
�
