[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 753 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
                                 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

                           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).''.
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