HR 1615 Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.
Strengthening Exports Against China Act
To amend the Export-Import Bank Act of 1945 to exclude certain financing from the calculation of the default rate for purposes of determining when the lending cap under such Act applies, and for other purposes.
Summary
This bill amends the Export-Import Bank Act to modify how the bank's lending cap is calculated by excluding certain financing from default rate calculations. The bill excludes from the default rate calculation financing that facilitates replacement of or competition with products or services provided by entities on the Commerce Department's Entity List or the Treasury Department's specially designated nationals list (sanctioned entities). The bill also excludes financing provided under a Program on China and Transformational Exports. By excluding these strategic exports from default rate calculations, the Export-Import Bank can continue lending for these purposes even if overall default rates would otherwise trigger lending caps. This change is intended to facilitate U.S. exports that compete with Chinese or sanctioned foreign competitors.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Kim, Young [R-CA-40] (R-CA)
2 cosponsors
Money behind the sponsor
Top reported contributors to Young Kim’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $166,350
- FOUNDERS FUND $14,307
- VETERANS GUARDIAN VA CLAIM CONSULTING $13,200
- EDWARD C. LEVY CO. $13,200
- APOLLO $11,100
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Young Kim → · Outside spending →
Actions (2)
- Feb 26, 2025 Referred to the House Committee on Financial Services. · house
- Feb 26, 2025 Introduced in House
More bills on these subjects (8)
Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
February 26, 2025
Mrs. Kim (for herself and Mrs. Beatty) introduced the following bill; which was referred to the Committee on Financial Services
A BILL
To amend the Export-Import Bank Act of 1945 to exclude certain financing from the calculation of the default rate for purposes of determining when the lending cap under such Act applies, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Strengthening Exports Against China Act”.
SEC. 2. EXCLUSION OF CERTAIN FINANCING.
Section 6(a)(3) of the Export-Import Bank Act of 1945 (12 U.S.C. 635e(a)(3)) is amended—
(1) by striking “If” and inserting the following:
“(A) In general.—If”; and
(2) by adding at the end the following:
“(B) Exclusion of certain financing.—For purposes of this paragraph, the rate calculated under section 8(g)(1) shall not include an entity in default if the Bank determines that the financing provided to the entity—
“(i) facilitates the replacement of or competition with a product or service provided by—
“(I) an entity on the Entity List maintained by the Bureau of Industry and Security of the Department of Commerce and set forth in Supplement No. 4 to part 744 of title 15, Code of Federal Regulations; or
“(II) a person— “(aa) on the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury; or “(bb) with respect to which one or more persons described in item (aa), individually or in the aggregate, directly or indirectly, hold at least 50 percent of the outstanding voting interest; or
“(ii) was provided pursuant to the Program on China and Transformational Exports established under section 2(l).”. <all>
Comments