119-s753

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

    (IS) ]

<DOC>

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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