Strengthening Exports Against China Act
Sponsored By: Senator Cortez Masto, Catherine [D-NV]
In Committee
Summary
Excludes certain Export-Import Bank financing from the Bank's default-rate calculation when loans help replace or compete with products or services from entities on the Commerce Department's Entity List or the Treasury's Specially Designated Nationals list. The change narrows which defaults count toward the lending-cap trigger and can allow continued or expanded lending where activity fits the exclusion.
Show full summary
- Export-Import Bank operations: The default-rate formula will not count some defaults if the Bank determines the financing facilitated replacement or competition with an entity on the Commerce Department's Entity List or a person on the Treasury's Specially Designated Nationals list.
- Exporters and borrowers: Companies that finance projects replacing or competing with listed or sanctioned entities may face fewer lending limits because those loans are excluded from the threshold that can trigger the Bank's lending cap.
- Program on China and Transformational Exports: Financing provided under the new Program on China and Transformational Exports also qualifies for the exclusion, tying the rule to that program.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
More export financing for U.S. firms
If enacted, this bill would let the Export-Import Bank leave certain loans out of its default-rate calculation. The Bank would exclude a borrower in default when the Bank determines the financing (1) helps replace or compete with products or services from entities on the BIS Entity List (Supplement No. 4 to 15 C.F.R. part 744); (2) helps replace or compete with persons on OFAC’s specially designated nationals and blocked persons list, including persons 50% or more owned or controlled by such SDNs; or (3) was made under the Program on China and Transformational Exports established in section 2(l). The change would take effect upon enactment. This could lower the Bank’s measured default rate and make financing easier for eligible exporters and firms.
Sponsors & CoSponsors
Sponsor
Cortez Masto, Catherine [D-NV]
NV • D
Cosponsors
Mike Rounds
SD • R
Sponsored 2/26/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov