Bill > S753

This bill amends the Export-Import Bank Act of 1945 to modify how the bank calculates default rates for financing. Specifically, the bill excludes certain types of financing from the default rate calculation when determining lending caps. These exclusions apply to financing that helps replace or compete with products or services from entities on specific U.S. government restricted lists, such as the Entity List maintained by the Department of Commerce's Bureau of Industry and Security or the list of specially designated nationals and blocked persons maintained by the Treasury Department's Office of Foreign Assets Control. The bill also excludes financing provided under the new Program on China and Transformational Exports from default rate calculations. This means that these specific types of financing, which are likely aimed at reducing economic dependence on certain Chinese entities or supporting U.S. economic competitiveness, would not negatively impact the Export-Import Bank's overall lending capacity. The goal appears to be providing more flexibility for U.S. export financing, particularly in contexts involving strategic economic competition with China.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/753/all-info