Strengthening Exports Against China Act

Hozzl · 2025-03-18T04:38:24Z

Explore the details of House Bill 1615 Strengthening Exports Against China Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

3/18/2025, 4:38 AM

Summary of Bill HR 1615

Bill 119 hr 1615, also known as the Export-Import Bank Act Amendment, aims to make changes to the Export-Import Bank Act of 1945. The main purpose of this bill is to exclude certain types of financing from being included in the calculation of the default rate. This is important because the default rate is used to determine when the lending cap under the Export-Import Bank Act applies.

By excluding certain types of financing from the default rate calculation, the bill seeks to ensure that the lending cap is not reached prematurely. This is important because the Export-Import Bank plays a crucial role in supporting American businesses by providing financing for exports. If the lending cap is reached too soon, it could limit the ability of the Export-Import Bank to support American businesses in the global market.

In addition to excluding certain financing from the default rate calculation, the bill also includes provisions for other purposes. These other purposes are not specified in the summary, but they could include additional changes to the Export-Import Bank Act or related regulations. Overall, the Export-Import Bank Act Amendment is aimed at ensuring that the Export-Import Bank can continue to support American businesses by providing financing for exports without being hindered by an early reaching of the lending cap.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 1615

Bill HR 1615 is currently in the status of Bill Introduced since February 26, 2025. Bill HR 1615 was introduced during Congress 119 and was introduced to the House on February 26, 2025. Bill HR 1615's most recent activity was Referred to the House Committee on Financial Services. as of February 26, 2025

Bipartisan Support of Bill HR 1615

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1615

Primary Policy Focus

Alternate Title(s) of Bill HR 1615

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.