II
119THCONGRESS
1
STSESSION S. 753
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.
IN THE SENATE OF THE UNITED STATES
FEBRUARY26, 2025
Ms. C
ORTEZMASTO(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 Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Strengthening Exports 4
Against China Act’’. 5
SEC. 2. EXCLUSION OF CERTAIN FINANCING. 6
Section 6(a)(3) of the Export-Import Bank Act of 7
1945 (12 U.S.C. 635e(a)(3)) is amended— 8
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•S 753 IS
(1) by striking ‘‘If’’ and inserting the following: 1
‘‘(A) I
N GENERAL.—If’’; and 2
(2) by adding at the end the following: 3
‘‘(B) E
XCLUSION OF CERTAIN FINANC -4
ING.—For purposes of this paragraph, the rate 5
calculated under section 8(g)(1) shall not in-6
clude an entity in default if the Bank deter-7
mines that the financing provided to the enti-8
ty— 9
‘‘(i) facilitates the replacement of or 10
competition with a product or service pro-11
vided by— 12
‘‘(I) an entity on the Entity List 13
maintained by the Bureau of Industry 14
and Security of the Department of 15
Commerce and set forth in Supple-16
ment No. 4 to part 744 of title 15, 17
Code of Federal Regulations; or 18
‘‘(II) a person— 19
‘‘(aa) on the list of specially 20
designated nationals and blocked 21
persons maintained by the Office 22
of Foreign Assets Control of the 23
Department of the Treasury; or 24
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•S 753 IS
‘‘(bb) with respect to which 1
one or more persons described in 2
item (aa), individually or in the 3
aggregate, directly or indirectly, 4
hold at least 50 percent of the 5
outstanding voting interest; or 6
‘‘(ii) was provided pursuant to the 7
Program on China and Transformational 8
Exports established under section 2(l).’’. 9
Æ
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