Strengthening Exports Against China Act

Catherine Cortez Masto

Democrat · NV · Senator

Source: Congress.gov · FEC

• Mike Rounds (R-SD)Original· 2025-02-26

Committee on Banking, Housing, and Urban Affairs. Hearings held.

2026-03-26

Source: Congress.gov

Strengthening Exports Against China Act This bill allows the Export-Import Bank of the United States (EXIM) to exclude financing provided to certain U.S. exporters from its default rate cap calculations. EXIM, the official export credit agency of the United States, provides financing for U.S. exports of goods and services. EXIM monitors credit and other transaction risks, reserves against losses, and submits quarterly reports to Congress on its default rate. If its default rate reaches 2%, EXIM faces an immediate lending cap freeze. This bill exempts certain transactions from EXIM's default rate calculation, thereby allowing EXIM to provide financing to these U.S. exporters without the risk of reaching the default rate cap. Specifically, the bill allows EXIM to exclude from the default rate cap any financing provided to U.S. exporters under the China and Transformational Exports Program. (This program allows EXIM to extend loans, guarantees, and insurance to advance the comparative leadership of the United States with respect to China in specified export areas, such as artificial intelligence, biotechnology, and wireless communications equipment.) Additionally, the bill allows EXIM to exclude from the default rate cap any financing provided to U.S. exporters that are competing with products or services provided by (1) a foreign entity included on the Entity List maintained by the Department of Commerce's Bureau of Industry and Security (e.g., entities involved in activities contrary to U.S. national security or foreign policy interests), or (2) a foreign individual or entity sanctioned by the Department of the Treasury's Office of Foreign Assets Control.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 753 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 753 To amend the Export-Import Bank Act of 1945 to exclude certain financing from the calculation of the default rate for purposes of determining when the lending cap under such Act applies, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES February 26, 2025 Ms. Cortez Masto (for herself and Mr. Rounds) 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 exclude certain financing from the calculation of the default rate for purposes of determining when the lending cap under such Act applies, and for other purposes. 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 ``Strengthening Exports Against China Act''. SEC. 2. EXCLUSION OF CERTAIN FINANCING. Section 6(a)(3) of the Export-Import Bank Act of 1945 (12 U.S.C. 635e(a)(3)) is amended-- (1) by striking ``If'' and inserting the following: ``(A) In general.--If''; and (2) by adding at the end the following: ``(B) Exclusion of certain financing.--For purposes of this paragraph, the rate calculated under section 8(g)(1) shall not include an entity in default if the Bank determines that the financing provided to the entity-- ``(i) facilitates the replacement of or competition with a product or service provided by-- ``(I) an entity on the Entity List maintained by the Bureau of Industry and Security of the Department of Commerce and set forth in Supplement No. 4 to part 744 of title 15, Code of Federal Regulations; or ``(II) a person-- ``(aa) on the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury; or ``(bb) with respect to which one or more persons described in item (aa), individually or in the aggregate, directly or indirectly, hold at least 50 percent of the outstanding voting interest; or ``(ii) was provided pursuant to the Program on China and Transformational Exports established under section 2(l).''. <all>

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