China Subsidy Response and Export Competitiveness Act of 2026

Ruben Gallego

Democrat · AZ · Senator

Source: Congress.gov · FEC

• Pete Ricketts (R-NE)Original· 2026-06-08

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2026-06-08

Source: Congress.gov

The bill would expand the powers and financing capabilities of the U.S. Export-Import Bank to help American companies compete against Chinese government subsidies and win international business deals, particularly in industries considered critical to national security like semiconductors and advanced manufacturing. By giving American exporters better financing options and support, the legislation aims to level the playing field for U.S. workers and businesses that currently struggle to compete with foreign competitors backed by their governments' money. The bill is designed to protect American jobs and strengthen the country's economic position globally.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4702 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4702 To amend the Export-Import Bank Act of 1945 to counter subsidies provided by the Government of the People's Republic of China, to protect critical United States industries, and to strengthen United States economic and national security competitiveness. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES June 8, 2026 Mr. Gallego (for himself and Mr. Ricketts) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To amend the Export-Import Bank Act of 1945 to counter subsidies provided by the Government of the People's Republic of China, to protect critical United States industries, and to strengthen United States economic and national security competitiveness. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``China Subsidy Response and Export Competitiveness Act of 2026''. SEC. 2. GUARANTEE COVERAGE FOR DOMESTIC PROGRAMS. Section 2(c)(3)(B) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(c)(3)(B)) is amended by inserting ``or in the United States'' after ``business''. SEC. 3. EXPANSION OF PROGRAM ON CHINA AND TRANSFORMATIONAL EXPORTS. Section 2(l)(1) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(l)(1)) is amended-- (1) in subparagraph (A)-- (A) by striking ``directly neutralize export subsidies'' and inserting ``neutralize subsidies''; and (B) by striking ``export credit'' and inserting ``credit''; and (2) in subparagraph (B)-- (A) in the matter preceding clause (i), by striking ``direct exports'' and inserting ``exports''; (B) in clause (vii), by striking ``and semiconductor machinery'' and inserting ``, semiconductor machinery, and printed circuit board''; (C) by redesignating clause (xi) as clause (xii); and (D) by inserting after clause (x) the following: ``(xi) Medical manufacturing.''. <all>

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