Modification of powers and functions

Section 2(a) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(a)) is amended— (1) in paragraph (1)— (A) in the second sentence, by striking to facilitate exports of and inserting to facilitate the development, commercialization, and production in the United States, and the export of; and (B) by inserting after the third sentence the following: The Bank shall provide loans, guarantees, grants, cooperative agreements, offtake agreements, price insurance and other insurance facilities, and other instruments through other transaction authority under paragraph (4)(A) to accelerate the development, commercialization, and production of technologies that are critical to the national security, innovation, and economic growth of the United States and direct employment of United States workers, including technologies that emerge from federally funded research.; and (2) by adding at the end the following: (4) Additional powers In addition to the powers and authorities set forth in paragraph (1), the Bank may— (A) to the extent authorized by law, enter into such agreements, including contracts, grants, cooperative agreements, offtake agreements, price insurance and other insurance facilities, and other instruments, and may enter into other transactions, including providing subordinated capital, to facilitate investments and the provision of financial assistance on such terms as the President of the Bank and the Board of Directors consider appropriate; (B) make advance payments under agreements and other transactions authorized under subparagraph (A) without regard to section 3324 of title 31, United States Code; (C) procure temporary and intermittent services of experts and consultants in accordance with section 3109 of title 5, United States Code; (D) notwithstanding section 3104 of title 5, United States Code, or any other provision of other law relating to the appointment, number, classification, or compensation of employees, make appointments of scientific, engineering, and professional personnel, and fix the basic pay of such personnel at a rate to be determined by the President of the Bank at rates not in excess of the highest total annual compensation payable at the rate determined under section 104 of title 3, United States Code; (E) with the consent of another Federal agency, enter into an agreement with that Federal agency to use, with or without reimbursement, any service, equipment, personnel, or facility of that Federal agency; and (F) establish such rules, regulations, and procedures as the President of the Bank and the Board of Directors consider appropriate and that are consistent with other statutes..