120 STAT. 3274
Federal Register, publication.
Deadline.
VerDate 14-DEC-2004
12:05 Jul 13, 2007
Jkt 059194
PUBLIC LAW 109–438—DEC. 20, 2006 and (B) of paragraph (1). In addition, the Bank shall seek comments on the economic effects from the Department of Commerce, the Office of Management and Budget, the Committee on Banking, Housing, and Urban Affairs of the Senate, and the Committee on Financial Services of the House of Representatives. ‘‘(ii) CONTENT OF NOTICE.—The notice shall include appropriate, nonproprietary information about— ‘‘(I) the country to which the goods involved in the transaction will be shipped; ‘‘(II) the type of goods being exported; ‘‘(III) the amount of the loan or guarantee involved; ‘‘(IV) the goods that would be produced as a result of the provision of the loan or guarantee; ‘‘(V) the amount of increased production that will result from the transaction; ‘‘(VI) the potential sales market for the resulting goods; and ‘‘(VII) the value of the transaction. ‘‘(iii) PROCEDURE REGARDING MATERIALLY CHANGED APPLICATIONS.— ‘‘(I) IN GENERAL.—If a material change is made to an application for a loan or guarantee from the Bank after a notice with respect to the intent described in clause (i) is published under this subparagraph, the Bank shall publish in the Federal Register a revised notice of the intent, and shall provide for a comment period, as provided in clauses (i) and (ii). ‘‘(II) MATERIAL CHANGE DEFINED.—As used in subclause (I), the term ‘material change’, with respect to an application, includes— ‘‘(aa) a change of at least 25 percent in the amount of a loan or guarantee requested in the application; and ‘‘(bb) a change in the principal product to be produced as a result of any transaction that would be facilitated by the provision of the loan or guarantee. ‘‘(C) REQUIREMENT TO ADDRESS VIEWS OF ADVERSELY AFFECTED PERSONS.—Before taking final action on an application for a loan or guarantee to which this section applies, the staff of the Bank shall provide in writing to the Board of Directors the views of any person who submitted comments pursuant to subparagraph (B). ‘‘(D) PUBLICATION OF CONCLUSIONS.—Within 30 days after a party affected by a final decision of the Board of Directors with respect to a loan or guarantee makes a written request therefor, the Bank shall provide to the affected party a non-confidential summary of the facts found and conclusions reached in any detailed economic impact analysis or similar study conducted pursuant to subparagraph (B) with respect to the loan or guarantee, that were submitted to the Board of Directors.
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