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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.
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.
Read the Full Bill
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
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
0Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1021
Primary Policy Focus
Foreign Trade and International FinancePotential 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.
Comments
Sponsors and Cosponsors of S 1021
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