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© 2026 Govwatch

S4702Referred to Committee

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.

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-06-08
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Ruben Gallego
Ruben Gallego
Democrat · AZ · Senator
Votes with party: 50.2% (277 recorded votes)

Full profile: /officials/G000574

Source: Congress.gov · FEC

Cosponsors (1)

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

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

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.

2026-06-08

Source: Congress.gov

Committee Activity

Currently in

  • Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2026-06-08

Plain-English Summary

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.

Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • S2033Cross-Boundary Wildfire Solutions Act
    Reported by Committee · 2026-06-08
  • S4662A bill to amend the Internal Revenue Code of 1986 to ensure that high net-worth individuals cannot avoid paying taxes on their income and assets.
    Referred to Committee · 2026-06-02
  • S4605Geothermal Cost-Recovery Authority Act of 2026
    Referred to Committee · 2026-05-20
  • S4569Protecting Circuit Boards and Substrates Act
    Referred to Committee · 2026-05-19