[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4228 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 4228

    To amend the Export-Import Bank Act of 1945 to exclude certain 
financing from the default rate of the Export-Import Bank of the United 
States, to permit market-competitive compensation for certain employees 
of the Export-Import Bank of the United States, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 26, 2026

Mr. McCormick (for himself and Mr. Kim) 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 default rate of the Export-Import Bank of the United 
States, to permit market-competitive compensation for certain employees 
of the Export-Import Bank of the United States, 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 ``American Competitiveness for Exports 
in Nuclear Energy Act of 2026'' or the ``ACE Nuclear Energy Act of 
2026''.

SEC. 2. EXCLUSION OF CERTAIN FINANCING FROM CALCULATION OF DEFAULT RATE 
              OF EXPORT-IMPORT BANK OF THE UNITED STATES.

    Section 8(g) of the Export-Import Bank of 1945 (12 U.S.C. 635g(g)) 
is amended by adding at the end the following:
            ``(7) Exclusion of certain financing.--
                    ``(A) In general.--The Bank shall exclude financing 
                described in subparagraph (B) from the calculation of 
                the default rate under paragraph (1).
                    ``(B) Financing described.--Financing described in 
                this subparagraph is financing provided--
                            ``(i) for a transaction relating to a civil 
                        nuclear facility, material, or technology; or
                            ``(ii) pursuant to section 2(l).''.

SEC. 3. COMPENSATION OF EMPLOYEES OF EXPORT-IMPORT BANK OF THE UNITED 
              STATES.

    Section 117 of the Export Enhancement Act of 1992 (Public Law 102-
429; 12 U.S.C. 635a note) is amended to read as follows:

``SEC. 117. COMPENSATION OF EMPLOYEES.

    ``The Board of Directors of the Export-Import Bank of the United 
States may compensate not more than 100 employees of the Bank without 
regard to the provisions of chapter 51 or subchapter III or VIII of 
chapter 53 of title 5, United States Code.''.
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