Division I — Extensions
DIVISION I Extensions
TITLE I Immigration Extensions
Sec. 102.
Sec. 103.
Sec. 104.
Sec. 105.
TITLE II National Flood Insurance Program Extension
Sec. 201.
TITLE III Secure Rural Schools and Community Self-Determination Extension
SEC. 301. Extension of the Secure Rural Schools and Community Self-Determination Act of 2000.
TITLE IV Export-Import Bank Extension
SEC. 401. Authorization Period.
SEC. 402. Program on China and Transformational Exports.
“(l) Program on China and Transformational Exports.—
“(1) In general.—The Bank shall establish a Program on China and Transformational Exports to support the extension of loans, guarantees, and insurance, at rates and on terms and other conditions, to the extent practicable, that are fully competitive with rates, terms, and other conditions established by the People’s Republic of China or by a covered country, that aim to—
“(A) directly neutralize export subsidies for competing goods and services financed by official export credit, tied aid, or blended financing provided by the People’s Republic of China or by a covered country; or
“(B) advance the comparative leadership of the United States with respect to the People’s Republic of China, or support United States innovation, employment, and technological standards, through direct exports in any of the following areas:
“(i) Artificial intelligence.
“(ii) Biotechnology.
“(iii) Biomedical sciences.
“(iv) Wireless communications equipment (including 5G or subsequent wireless technologies).
“(v) Quantum computing.
“(vi) Renewable energy, energy efficiency, and energy storage.
“(vii) Semiconductor and semiconductor machinery manufacturing.
“(viii) Emerging financial technologies, including technologies that facilitate—
“(I) financial inclusion through increased access to capital and financial services;
“(II) data security and privacy;
“(III) payments, the transfer of funds, and associated messaging services; and
“(IV) efforts to combat money laundering and the financing of terrorism.
“(ix) Water treatment and sanitation, including technologies and infrastructure to reduce contaminants and improve water quality.
“(x) High performance computing.
“(xi) Associated services necessary for use of any of the foregoing exports.
“(2) Covered countries.—In this subsection, the term ‘covered country’ means any country that—
“(A) the Secretary of the Treasury designates as a covered country in a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Development of the Senate;
“(B) is not a participant in the Arrangement on Officially Supported Export Credits of the Organization for Economic Cooperation and Development (in this subsection referred to as the ‘Arrangement’); and
“(C) is not in substantial compliance with the financial terms and conditions of the Arrangement.
“(3) Financing.—
“(A) In general.—It shall be a goal of the Bank to reserve not less than 20 percent of the applicable amount (as defined in section 6(a)(2)) for support made pursuant to the Program on China and Transformational Exports.
“(B) Exception.—The Secretary of the Treasury may reduce or eliminate the 20 percent goal in subparagraph (A), on reporting to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate that the People’s Republic of China is in substantial compliance with—
“(i) the financial terms and conditions of the Arrangement; and
“(ii) the rules and principles of the Paris Club.
“(C) Sunset and report.—The program established under paragraph (1) shall expire on December 31, 2026. Not later than 4 years after enactment of this subsection, the President of the Bank shall submit a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate assessing the following:
“(i) The capacity and demand of United States entities to export goods and services in the areas described in paragraph (1)(B), as assessed in consultation with the Secretary of Commerce.
“(ii) The availability of private-sector financing for exports in the areas.
“(iii) The feasibility and advisability of continuing the goal of subparagraph (A) of this paragraph with respect to paragraph (1)(B) after December 31, 2026.
“(D) National advisory council on international monetary and financial problems.—The National Advisory Council on International Monetary and Financial Problems shall ensure that Bank authorizations pursuant to the Program on China and Transformational Exports are considered or reviewed expeditiously, consistent with the other credit standards required by law.”
“(l) Report on Authorizations Under the Pro- Gram on China and Transformational Exports.—The Bank shall include in its annual report to Congress under subsection (a) a narrative and financial summary of the authorizations made under the Program on China and Transformational Exports.”
SEC. 403. Small Business Policy.
“(E)
(i)
(I) It is further the policy of the United States to encourage the participation of small business (including women-owned businesses, minority-owned businesses, veteran-owned businesses, businesses owned by persons with disabilities, and businesses in rural areas) and start-up businesses in international commerce, and to educate such businesses about how to export goods using the Bank.”
SEC. 404. Increase in Small Business Threshold.
SEC. 405. Exclusion of Unutilized Insurance Authority in Calculating Small Business Threshold.
SEC. 406. Anti-Fraud Reforms.
SEC. 407. Financing for Renewable Energy, Energy Efficiency, and Energy Storage Technologies.
SEC. 408. Reporting on Financing Related to China.
SEC. 409. Alternative Procedures During Quorum Lapse.
“(B)
(i) If there is an insufficient number of directors to constitute a quorum under subparagraph (A) for 120 consecutive days during the term of a President of the United States, a temporary Board, consisting of the following members, shall act in the stead of the Board of Directors:
“(I) The United States Trade Representative.
“(II) The Secretary of the Treasury.
“(III) The Secretary of Commerce.
“(IV) The members of the Board of Directors.
“(ii) If, at a meeting of the temporary Board—
“(I) a member referred to in clause (i)(IV) is present, the meeting shall be chaired by such a member, consistent with Bank bylaws; or
“(II) no such member is present, the meeting shall be chaired by the United States Trade Representative.
“(iii) A member described in subclause (I), (II), or (III) of clause (i) may delegate the authority of the member to vote on whether to authorize a transaction, whose value does not exceed $100,000,000, to—
“(I) if the member is the United States Trade Representative, the Deputy United States Trade Representative; or
“(II) if the member is referred to in such subclause (II) or (III), the Deputy Secretary of the department referred to in the subclause.
“(iv) If the temporary Board consists of members of only one political party, the President of the United States shall, to the extent practicable, appoint to the temporary Board a qualified member of a different political party who occupies a position requiring nomination by the President, by and with the consent of the Senate.
“(v) The temporary board may not change or amend Bank policies, procedures, bylaws, or guidelines.
“(vi) The temporary Board shall expire at the end of the term of the President of the United States in office at the time the temporary Board was constituted or upon restoration of a quorum of the Board of Directors as defined in subparagraph (A).
“(vii) With respect to a transaction that equals or exceeds $100,000,000, the Chairperson of the temporary Board shall ensure that the Bank complies with section 2(b)(3).”
TITLE V Terrorism Risk Insurance Program Extension
SEC. 501. Short Title.
SEC. 502. 7-Year Extension of Terrorism Risk Insurance Program.
“(B) an evaluation of the availability and affordability of terrorism risk insurance, which shall include an analysis of such availability and affordability specifically for places of worship;”
TITLE VI Nasa Enhanced Use Leasing Extension
SEC. 601. Short Title.
SEC. 602. Extension of Authority to Enter into Leases of Non-Excess Property of the National Aeronautics and Space Administration.
TITLE VII Inksna Extension
SEC. 701. Exemption from the Iran, North Korea, and Syria Nonproliferation Act.
TITLE VIII Brand Usa Extension
SEC. 801. Short Title.
SEC. 802. The Corporation for Travel Promotion.
“(vi) to promote tourism to the United States through digital media, online platforms, and other appropriate medium.”
; and
SEC. 803. Accountability Measures.
“(I) a list of countries the Corporation identifies as emerging markets for tourism to the United States;
“(J) a description of the efforts the Corporation has made to promote tourism to rural areas of the United States; and”