Sponsored By: Senator Catherine Cortez Masto
In Committee
Excludes certain loan defaults from the Export-Import Bank's default-rate calculation to protect its lending capacity for projects that counter or replace products from China-linked or sanctioned firms. This change targets EXIM financing that replaces or competes with goods or services from firms on the Commerce Department Entity List or the Treasury Department's Specially Designated Nationals list, and financing made under a Program on China and Transformational Exports.
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1 provisions identified: 1 benefits, 0 costs, 0 mixed.
If enacted, the bill would let the Export-Import Bank exclude some loan defaults when it calculates its default rate under section 8(g)(1). The Bank could exclude a default only if it finds the loan helped replace or compete with a company on the Commerce Department Entity List, or the loan went to a person on the Treasury SDN list or an entity 50% or more owned by such persons. The exclusion would also apply to loans made under the bill’s Program on China and Transformational Exports. This could lower the Bank’s measured default rate and affect its lending capacity, but the text sets no effective date or dollar amounts.
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Catherine Cortez Masto
NV • D
Mike Rounds
SD • R
Sponsored 2/26/2025
No roll call votes available for this bill.
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“$207,039,000, of which $1,500,000 shall remain available until expended. In addition, there are appropriated such sums as may be necessary under current law for the salaries of the chief justice and associate justices of the court. care of the building and grounds For such expenditures as may be necessary to enable the Architect of the Capitol to carry out the duties imposed upon the Architect by 40 U.S.C. 6111 and 6112 under the direction of the Chief Justice, $18,093,000, to remain available until expended.”
“vernment, $8,000,000, to remain available until expended. Special Assistance to the President salaries and expenses For necessary expenses to enable the Vice President to provide assistance to the President in connection with specially assigned functions; services as authorized by 5 U.S.C. 3109 and 3 U.S.C. 106, including subsistence expenses as authorized by 3 U.S.C. 106, which shall be expended and accounted for as provided in that section; and hire of passenger motor vehicles, $6,015,000.”
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The Uruguay Round Agreements Act URAA of 1994 19 U.S.C. §§ 3501–3624 implemented U.S. membership in the World Trade Organization WTO and incorporated the Uruguay Round trade agreements — the broadest
The World Trade Center Health Program is a federally funded health benefits program that provides free medical monitoring and treatment to those who were exposed to the toxic dust, debris, and fumes f
Workers' compensation is the United States' primary workplace injury system — a no-fault insurance program where employees who are injured on the job receive medical coverage and partial wage replacem
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