; and (2) in subsection (i), by striking should require and inserting shall require . III Foreign policy considerations 301. Chinese government-owned enterprises (a) In general Section 2 of the Export-Import Bank Act of 1945 ( 12 U.S.C. 635 ), as amended by section 103(a) of this Act, is amended by adding at the end the following: (m) Restriction on financing for entities owned or controlled by the chinese government (1) In general An authorization approved by the Board of Directors after the effective date of this subsection may not take effect if a loan, guarantee, or insurance is approved for the benefit of any foreign entity that is at least 25 percent owned, directly or indirectly, by the government of the People’s Republic of China, unless the United States Trade Representative, in consultation with appropriate Federal agencies, completes a due diligence review and certifies the financing, in accordance with paragraph (3), in a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate. For the purposes of identifying whether a foreign entity is at least 25 percent owned, directly or indirectly, by the government of the People’s Republic of China, the Board of Directors may rely on any of the following: (A) Information required of or provided by a party to the transaction. (B) Any information provided to the Agency by a Federal department or agency. (2) Limitation on financing of local costs The Agency may not approve financing for a transaction if more than 15 percent of local costs with respect to the transaction that are incurred in the People’s Republic of China would be covered by the financing. (3) Due diligence review and report For the purposes of the report described in paragraph (1), the United States Trade Representative shall present the findings of the due diligence review, but may not provide the certification referred to in paragraph (1), if— (A) the foreign entity provides goods, services, or other