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119-s-753119th CongressWALLET

Strengthening Exports Against China Act

Sponsored By: Senator Cortez Masto, Catherine [D-NV]

In Committee

Summary

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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  • Export-Import Bank: Would not count some borrower defaults when measuring its default rate, reducing the chance the bank hits its statutory lending cap and preserving room to finance exports.
  • U.S. exporters and manufacturers: Firms using EXIM financing to replace or compete with products from listed or sanctioned entities would face less risk that their loans push the bank toward its cap.
  • Strategic policy toward China: Allows EXIM to support projects tied to the Program on China and Transformational Exports without those defaults worsening the bank's default-rate metric.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Fewer counted Ex-Im loan defaults

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.

Sponsors & CoSponsors

Sponsor

Cortez Masto, Catherine [D-NV]

NV • D

Cosponsors

  • Sen. Rounds, Mike [R-SD]

    SD • R

    Sponsored 2/26/2025

Roll Call Votes

No roll call votes available for this bill.

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