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A bill to prohibit the Export-Import Bank of the United States from providing financing to persons with seriously delinquent tax debt.

1/12/2024, 5:00 PM

Summary of Bill S 1021

Bill 118 s 1021, also known as the "Prohibit Ex-Im Financing for Tax Delinquents Act," aims to prevent the Export-Import Bank of the United States from providing financial assistance to individuals or entities who have seriously delinquent tax debt. This bill was introduced in the Senate and is currently under consideration.

The Export-Import Bank of the United States is a government agency that provides financial assistance to support American businesses in exporting their products and services. However, this bill seeks to ensure that this assistance is not provided to individuals or entities who have failed to pay their taxes in a timely manner.

If passed, this bill would require the Export-Import Bank to conduct thorough checks on potential recipients of financial assistance to ensure that they do not have seriously delinquent tax debt. This measure is aimed at promoting fiscal responsibility and ensuring that taxpayer funds are not used to support individuals or entities who are not fulfilling their tax obligations. Overall, the "Prohibit Ex-Im Financing for Tax Delinquents Act" seeks to uphold the integrity of the Export-Import Bank and ensure that its resources are used in a responsible and ethical manner.

Congressional Summary of S 1021

This bill prohibits the Export-Import Bank from providing financing to a person with seriously delinquent tax debt or for a project in which any participant has seriously delinquent tax debt.

Current Status of Bill S 1021

Bill S 1021 is currently in the status of Bill Introduced since March 29, 2023. Bill S 1021 was introduced during Congress 118 and was introduced to the Senate on March 29, 2023.  Bill S 1021's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 29, 2023

Bipartisan Support of Bill S 1021

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
0
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 1021

Primary Policy Focus

Foreign Trade and International Finance

Potential Impact Areas

- Competitiveness, trade promotion, trade deficits
- Congressional oversight
- Debt collection
- Government lending and loan guarantees
- Tax administration and collection, taxpayers

Alternate Title(s) of Bill S 1021

A bill to prohibit the Export-Import Bank of the United States from providing financing to persons with seriously delinquent tax debt.
A bill to prohibit the Export-Import Bank of the United States from providing financing to persons with seriously delinquent tax debt.

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