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119-s-4228119th CongressWALLET

ACE Nuclear Energy Act of 2026

Sponsored By: Senator McCormick, David [R-PA]

Introduced

Summary

Exclude certain nuclear-energy financing from the Export-Import Bank's default-rate calculations. This bill would also let the Bank offer market-competitive pay to a limited number of staff outside normal federal pay rules.

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  • Nuclear exporters and projects: Financing for civil nuclear facilities, materials, or technology and financing described in section 2(l) would not be counted in the Bank’s default-rate calculation used for regulatory and financial assessments.
  • Ex-Im Bank employees and operations: The Bank’s Board could compensate up to 100 employees without following the usual federal pay provisions, allowing pay outside chapters 51 and 53 of Title 5 of the U.S. Code.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Higher pay authority for Ex‑Im staff

If enacted, the bill would let the Export-Import Bank board set pay for up to 100 Bank employees without following standard federal pay rules. That could let those employees receive higher or different compensation than the usual federal pay schedules allow. The bill does not appropriate money or list pay amounts. The Bank board would decide which employees get this authority.

Exclude some nuclear loans from default rate

If enacted, the bill would require the Export-Import Bank to exclude certain nuclear-related financing from its default-rate calculation. The exclusion would apply to financing for civil nuclear facilities, materials, or technology and to financing made under section 2(l). Those excluded loans would not count toward the Bank's measured default rate under the statute. That could make nuclear export loans appear less risky to lenders and borrowers, but the bill does not change loan amounts or add funds.

Sponsors & CoSponsors

Sponsor

McCormick, David [R-PA]

PA • R

Cosponsors

  • Sen. Kim, Andy [D-NJ]

    NJ • D

    Sponsored 3/26/2026

Roll Call Votes

No roll call votes available for this bill.

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