Export-Import Bank Reauthorization Act of 2006

Export-Import Bank Reauthorization Act of 2006 - (Sec. 2) Amends the Export-Import Bank Act of 1945 to reauthorize the Export-Import Bank of the United States and extend the Sub-Saharan Africa Advisory Committee through FY2011.

Requires a contract between each approved African lender and the Bank which sets forth the Bank's loan, guarantee, insurance, and credit programs obligations between it and the lender.

Requires the Bank to include in its annual report of its operations to Congress a separate section that describes the Bank's efforts to: (1) improve its working relationships with the African Development Bank, the African Export-Import Bank, and other institutions in the region to promote the expansion of the Bank's financial commitments in sub-Saharan Africa under the Bank's loan, guarantee, and insurance programs; and (2) coordinate closely with the United States Foreign Service and Foreign Commercial Service, and with the the overall U.S. strategy for economic engagement with Africa pursuant to the African Growth and Opportunity Act. Requires the Bank to increase the number of qualified African financial entities for participation in the Bank's programs.

(Sec. 4) Extends through FY2011 the authority of the Bank to provide financing for the export of nonlethal articles or services meant primarily for civilian purposes.

(Sec. 5) Requires the Bank to submit a list to Congress of sensitive commercial sectors and products for which financing by the Bank is deemed unlikely due to a potentially adverse effect on the U.S. economy.

(Sec. 6) Establishes a Small Business Division in the Bank to: (1) carry out functions related to outreach, feedback, product improvement, and transaction advocacy for small business concerns; (2) advise and seek feedback from small business concerns on financing products offered by the Bank; (3) maintain liaison with the Small Business Administration; and (4) provide oversight of technology improvements to strengthen small business outreach. Requires the President of the Bank to appoint an executive officer to manage the Division and to ensure that each operating division in the Bank has staff that specializes in transactions benefiting small business concerns. Expresses the sense of Congress that Bank procedures and policies should not prohibit small business specialists from approving applications for working capital loans and guarantees, and for insurance, in support of exports having a value of less than $10 million.

The summary continues for 23 more paragraphs. Read it in full on Congress.gov

Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Public Law" stage on December 20, 2006. It describes the bill, it is not the legal text.

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