102 S4228 IS: American Competitiveness for Exports in Nuclear Energy Act of 2026 U.S. Senate 2026-03-26 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 CONGRESS2d SessionS. 4228IN THE SENATE OF THE UNITED STATESMarch 26, 2026Mr. McCormick (for himself and Mr. Kim) 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 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.

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.

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)..

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:

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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