EXPANDED USE OF LOAN GUARANTEES.

SEC. 105. EXPANDED USE OF LOAN GUARANTEES.Section 2(c)(3) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(c)(3)) is amended— (1) by striking “With” and inserting the following: “(A) In general.— With”; and (2) by adding at the end the following new subparagraph: “(B) Guarantee coverage.— For the guarantee program provided for in this subsection, the Bank may provide up to 100 percent coverage of the interest and principal if the Board of Directors determines such coverage to be necessary to ensure acceptance of Bank guarantees by financial institutions for any transaction in any export market in which the Bank is open for business.”.