AMENDMENTS TO SECTION 2(e) OF THE EXPORT-IMPORT BANK ACT OF 1945.

SEC. 3304. AMENDMENTS TO SECTION 2(e) OF THE EXPORT-IMPORT BANK ACT OF 1945. (a) Time for Determining Supplies.—Section 2(e)(1)(A)(i) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(e)(1)(A)(i)) is amended by striking out “productive capacity is expected to become operative” and inserting in lieu thereof “commodity will first be sold”. (b) Making Comparative Injury Determinations.—Section 2(e)(2) of such Act (12 U.S.C. 635(e)(2)) is amended— (1) by inserting “short- and long-term” before “injury to United States producers”; and (2) by inserting “and employment” before “of the same, similar, or competing commodity”. (c) Substantial Injury Defined for Export-Import Bank Determinations.—Section 2(e) of such Act (12 U.S.C. 635(e)) is amended by adding at the end the following: “(3) Definition.—For purposes of paragraph (1)(B), the extension of any credit or guarantee by the Bank will cause substantial injury if the amount of the capacity for production established, or the amount of the increase in such capacity expanded, by such credit or guarantee equals or exceeds 1 percent of United States production.”.