| 1 | 1 | | II |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION S. 753 |
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| 5 | 5 | | To amend the Export-Import Bank Act of 1945 to exclude certain financing |
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| 6 | 6 | | from the calculation of the default rate for purposes of determining |
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| 7 | 7 | | when the lending cap under such Act applies, and for other purposes. |
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| 8 | 8 | | IN THE SENATE OF THE UNITED STATES |
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| 9 | 9 | | FEBRUARY26, 2025 |
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| 10 | 10 | | Ms. C |
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| 11 | 11 | | ORTEZMASTO(for herself and Mr. ROUNDS) introduced the following |
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| 12 | 12 | | bill; which was read twice and referred to the Committee on Banking, |
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| 13 | 13 | | Housing, and Urban Affairs |
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| 14 | 14 | | A BILL |
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| 15 | 15 | | To amend the Export-Import Bank Act of 1945 to exclude |
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| 16 | 16 | | certain financing from the calculation of the default rate |
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| 17 | 17 | | for purposes of determining when the lending cap under |
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| 18 | 18 | | such Act applies, and for other purposes. |
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| 19 | 19 | | Be it enacted by the Senate and House of Representa-1 |
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| 20 | 20 | | tives of the United States of America in Congress assembled, 2 |
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| 21 | 21 | | SECTION 1. SHORT TITLE. 3 |
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| 22 | 22 | | This Act may be cited as the ‘‘Strengthening Exports 4 |
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| 23 | 23 | | Against China Act’’. 5 |
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| 24 | 24 | | SEC. 2. EXCLUSION OF CERTAIN FINANCING. 6 |
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| 25 | 25 | | Section 6(a)(3) of the Export-Import Bank Act of 7 |
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| 26 | 26 | | 1945 (12 U.S.C. 635e(a)(3)) is amended— 8 |
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| 27 | 27 | | VerDate Sep 11 2014 23:18 Mar 13, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S753.IS S753 |
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| 28 | 28 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 29 | 29 | | •S 753 IS |
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| 30 | 30 | | (1) by striking ‘‘If’’ and inserting the following: 1 |
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| 31 | 31 | | ‘‘(A) I |
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| 32 | 32 | | N GENERAL.—If’’; and 2 |
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| 33 | 33 | | (2) by adding at the end the following: 3 |
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| 34 | 34 | | ‘‘(B) E |
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| 35 | 35 | | XCLUSION OF CERTAIN FINANC -4 |
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| 36 | 36 | | ING.—For purposes of this paragraph, the rate 5 |
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| 37 | 37 | | calculated under section 8(g)(1) shall not in-6 |
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| 38 | 38 | | clude an entity in default if the Bank deter-7 |
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| 39 | 39 | | mines that the financing provided to the enti-8 |
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| 40 | 40 | | ty— 9 |
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| 41 | 41 | | ‘‘(i) facilitates the replacement of or 10 |
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| 42 | 42 | | competition with a product or service pro-11 |
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| 43 | 43 | | vided by— 12 |
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| 44 | 44 | | ‘‘(I) an entity on the Entity List 13 |
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| 45 | 45 | | maintained by the Bureau of Industry 14 |
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| 46 | 46 | | and Security of the Department of 15 |
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| 47 | 47 | | Commerce and set forth in Supple-16 |
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| 48 | 48 | | ment No. 4 to part 744 of title 15, 17 |
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| 49 | 49 | | Code of Federal Regulations; or 18 |
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| 50 | 50 | | ‘‘(II) a person— 19 |
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| 51 | 51 | | ‘‘(aa) on the list of specially 20 |
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| 52 | 52 | | designated nationals and blocked 21 |
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| 53 | 53 | | persons maintained by the Office 22 |
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| 54 | 54 | | of Foreign Assets Control of the 23 |
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| 55 | 55 | | Department of the Treasury; or 24 |
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| 56 | 56 | | VerDate Sep 11 2014 23:18 Mar 13, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S753.IS S753 |
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| 57 | 57 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 3 |
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| 58 | 58 | | •S 753 IS |
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| 59 | 59 | | ‘‘(bb) with respect to which 1 |
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| 60 | 60 | | one or more persons described in 2 |
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| 61 | 61 | | item (aa), individually or in the 3 |
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| 62 | 62 | | aggregate, directly or indirectly, 4 |
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| 63 | 63 | | hold at least 50 percent of the 5 |
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| 64 | 64 | | outstanding voting interest; or 6 |
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| 65 | 65 | | ‘‘(ii) was provided pursuant to the 7 |
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| 66 | 66 | | Program on China and Transformational 8 |
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| 67 | 67 | | Exports established under section 2(l).’’. 9 |
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| 68 | 68 | | Æ |
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| 69 | 69 | | VerDate Sep 11 2014 23:18 Mar 13, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\S753.IS S753 |
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| 70 | 70 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
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