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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 modifies how the Export-Import Bank calculates default rates for determining its lending limits. The bill excludes certain defaults from these calculations when the financing was used to replace or compete with products from entities on government restricted entity lists or when provided through a China-focused export program. This exclusion would allow the Export-Import Bank to increase its overall lending capacity for export financing.
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)
1 cosponsor
- Sen. Rounds, Mike [R-SD] (R-SD)
Actions (3)
- Mar 26, 2026 Committee on Banking, Housing, and Urban Affairs. Hearings held. · senate
- Feb 26, 2025 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
- Feb 26, 2025 Introduced in Senate
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.
Committee action
What happened to this bill in committee — the meetings where it was considered and every recorded vote taken on it.
Meetings where this bill was on the agenda
Full text
IN THE SENATE OF THE UNITED STATES
February 26, 2025
Ms. Cortez Masto (for herself and Mr. Rounds) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
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>
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