Strengthening Exports Against China Act
Sponsored By: Representative Kim, Young [R-CA-40]
Introduced
Summary
Excluding certain financings from the Export-Import Bank's default-rate calculation is the bill's main change. It would let the bank not count some loans as defaults when the financing replaces or competes with products or services tied to U.S. export-control or sanctions targets, or when the loan is made under the Program on China and Transformational Exports.
Show full summary
- U.S. exporters and foreign buyers: Could gain broader access to Ex-Im financing for projects that replace or compete with goods or services from firms on the Commerce Department's Entity List or the Treasury's Specially Designated Nationals list, or that fall under the China and Transformational Exports program.
- Export-Import Bank operations: Would exclude those financings from the Bank's default-rate calculation, which could delay when the Bank's statutory lending cap is reached and allow continued or expanded lending to some borrowers in default.
- Export-control and sanctions policy: Ties Ex-Im lending treatment directly to the Commerce Department's Entity List and OFAC's Specially Designated Nationals list, linking export-control and sanctions designations to lending rules.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
More Export-Import Bank support for exporters
If enacted, the Export-Import Bank would be allowed to leave some loan defaults out of its default-rate formula. The Bank could do this only when a loan helped replace or compete with goods or services from companies on the Commerce Department Entity List, people on the Treasury sanctions list, or companies they control (50% or more). The exclusion would also apply to loans made under the Program on China and Transformational Exports. This could lower the Bank’s measured default rate and delay when its lending cap kicks in. That could make it easier for U.S. exporters and suppliers to get Export-Import Bank financing. The change would take effect upon enactment.
Sponsors & CoSponsors
Sponsor
Kim, Young [R-CA-40]
CA • R
Cosponsors
Rep. Beatty, Joyce [D-OH-3]
OH • D
Sponsored 2/26/2025
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 6/3/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov