119 S753 IS: Strengthening Exports Against China Act U.S. Senate 2025-02-26 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II119th CONGRESS1st SessionS. 753IN THE SENATE OF THE UNITED STATESFebruary 26, 2025Ms. 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 AffairsA BILLTo 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.

1.

Short title

This Act may be cited as the Strengthening Exports Against China Act.

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)..