ACE Nuclear Energy Act of 2026
Sponsored By: Senator McCormick, David [R-PA]
Introduced
Summary
Boosts U.S. competitiveness in nuclear-energy exports. This bill would change how the Export-Import Bank treats financing for civil nuclear transactions and allow the Bank to offer market-level pay to a small group of employees to help close deals and staff specialized roles.
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- Nuclear exporters: Would exclude financing tied to civil nuclear facilities, materials, or technology from the Export-Import Bank's default-rate calculation, changing how those transactions are counted for the Bank's risk metrics.
- EXIM Bank employees: Would let the Bank's Board pay up to 100 employees outside normal federal pay rules, aiming to attract or retain specialized staff for export finance work.
*This bill would not authorize new funding or appropriations and would not add programmatic spending.*
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Pay flexibility for Export-Import Bank staff
This bill would let the Board of the Export-Import Bank pay up to 100 employees outside the usual federal pay rules. Pay could be set without following chapter 51 or certain parts of chapter 53 of Title 5. The bill would not set specific dollar amounts for those payments. It would not provide new funding.
Export-Import Bank excludes nuclear loans
This bill would require the Export-Import Bank to exclude certain nuclear-related financing from its default-rate calculation. It applies to financing for civil nuclear facilities, materials, or technology and financing under section 2(l). If enacted, reported default rates for those loans would not count those financings. The bill would not provide new funding.
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.
View on Congress.gov