Bill > HR1615

This bill amends the Export-Import Bank Act of 1945 to modify how the Bank calculates its default rate, specifically by excluding certain financing from the calculation. Under the proposed changes, the Export-Import Bank (Ex-Im Bank) would not include an entity in its default rate calculation if the financing helps replace or compete with products or services from entities on specific U.S. government restricted lists, such as the Commerce Department's Entity List or the Treasury Department's list of specially designated nationals. The bill also excludes financing from the default rate calculation if it was provided under a new Program on China and Transformational Exports. These modifications could potentially make it easier for the Ex-Im Bank to provide financing for businesses seeking to reduce economic dependence on or competition from certain Chinese entities, without those transactions negatively impacting the Bank's default rate calculations. By doing so, the bill aims to support U.S. export competitiveness and provide financial tools to businesses looking to diversify their supply chains or market strategies.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/1615/all-info