FINANCING OF SALES OF DEFENSE ARTICLES OR SERVICES.

SEC. 112. FINANCING OF SALES OF DEFENSE ARTICLES OR SERVICES. (a) Extension of Authority.—Section 2(b)(6)(B) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(b)(6)(B)) is amended— (1) in clause (iv), by inserting “and” at the end; (2) in clause (v), by striking “; and” and inserting a period; and (3) by striking clause (vi). (b) Additional Criteria for National Interest Waiver.—Section 2(b)(6)(D)(i) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(b)(6)(D)(i)) is amended— (1) by striking “and” at the end of subclause (I); (2) by redesignating subclause (II) as subclause (III); and (3) by inserting after subclause (I) the following: “(II) the President determines, after consultation with the Assistant Secretary of State for Human Rights and Humanitarian Affairs, that the purchasing country has complied with all restrictions imposed by the United States on the end use of any defense articles or services for which a guarantee or insurance was provided under subparagraph (B), and has not used any such defense articles or services to engage in a consistent pattern of gross violations of internationally recognized human rights; and”. 106 STAT. 2195 (c) Report.— Section 2(b)(6) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(b)((6) is amended by adding at the end the following new subparagraph: “(H) Once in each calendar quarter, the Bank shall submit a report to the Committee on Banking, Housing, and Urban Affairs of the Senate, and the Committee on Banking, Finance and Urban Affairs of the House of Representatives on all instances in which the Bank, during the reporting quarter, guaranteed, insured, or extended credit or participated in an extension of credit in connection with any credit sale of an article, service, or related technical data described in subparagraph (G) that the Bank determined would not be put to a military use. Such report shall include a description of each of the transactions and the justification for the Bank’s actions.”. (d) Conforming Amendments.—Section 2(b)(6) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(b)(6)) is amended— (1) in subparagraph (A), by striking “designated under” and all that follows through the end of the subparagraph and inserting a period; (2) in subparagraph (B)— (A) by striking “, and section 32 of the Arms Export Control Act,”; and (B) in clause (v), by striking “and services” and inserting “or services”; (3) in subparagraph (D)(i)(III), as redesignated by subsection (b) of this section, by striking “determination has” and inserting “determinations have”; (4) in subparagraph (D)(ii), by striking “sentence” and inserting “clause”; and (5) in subparagraph (G), by striking “and services” and inserting “or services”. (e) Repeal.— Section 32 of the Arms Export Control Act (22 U.S.C. 2772) is repealed.