S4228Referred to Committee

ACE Nuclear Energy Act of 2026

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-03-26
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

David McCormick
David McCormick
Republican · PA · Senator
Votes with party: 35.2% (315 recorded votes)

Full profile: /officials/M001243

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

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

2026-03-26

Source: Congress.gov

Committee Activity

Currently in

Previously

Plain-English Summary

This bill likely aims to promote American nuclear energy exports and international nuclear energy cooperation by removing trade barriers and expanding financing options for U.S. nuclear technology and equipment sold abroad. It would affect nuclear power companies, their suppliers, and potentially American workers in the nuclear industry by making it easier to compete in global markets. The measure focuses on international trade and finance mechanisms to support this sector's growth overseas.

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.

Subjects

Foreign Trade and International Finance

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4228 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4228 To amend the Export-Import Bank Act of 1945 to exclude certain financing from the default rate of the Export-Import Bank of the United States, to permit market-competitive compensation for certain employees of the Export-Import Bank of the United States, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 26, 2026 Mr. McCormick (for himself and Mr. Kim) 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 default rate of the Export-Import Bank of the United States, to permit market-competitive compensation for certain employees of the Export-Import Bank of the United States, 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 ``American Competitiveness for Exports in Nuclear Energy Act of 2026'' or the ``ACE Nuclear Energy Act of 2026''. SEC. 2. EXCLUSION OF CERTAIN FINANCING FROM CALCULATION OF DEFAULT RATE OF EXPORT-IMPORT BANK OF THE UNITED STATES. Section 8(g) of the Export-Import Bank of 1945 (12 U.S.C. 635g(g)) is amended by adding at the end the following: ``(7) Exclusion of certain financing.-- ``(A) In general.--The Bank shall exclude financing described in subparagraph (B) from the calculation of the default rate under paragraph (1). ``(B) Financing described.--Financing described in this subparagraph is financing provided-- ``(i) for a transaction relating to a civil nuclear facility, material, or technology; or ``(ii) pursuant to section 2(l).''. SEC. 3. COMPENSATION OF EMPLOYEES OF EXPORT-IMPORT BANK OF THE UNITED STATES. Section 117 of the Export Enhancement Act of 1992 (Public Law 102- 429; 12 U.S.C. 635a note) is amended to read as follows: ``SEC. 117. COMPENSATION OF EMPLOYEES. ``The Board of Directors of the Export-Import Bank of the United States may compensate not more than 100 employees of the Bank without regard to the provisions of chapter 51 or subchapter III or VIII of chapter 53 of title 5, United States Code.''. <all>
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