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Strengthening Exports Against China Act
3/27/2026, 11:03 AM
Summary of Bill S 753
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 it is likely that they are related to improving the functioning of the Export-Import Bank and ensuring that it can continue to support American businesses in the global market. Overall, Bill 119 s 753 is aimed at making important changes to the Export-Import Bank Act of 1945 in order to ensure that the Export-Import Bank can continue to fulfill its mission of supporting American businesses in the global market.
Congressional Summary of S 753
Strengthening Exports Against China Act
This bill allows the Export-Import Bank of the United States (EXIM) to exclude financing provided to certain U.S. exporters from its default rate cap calculations.
EXIM, the official export credit agency of the United States, provides financing for U.S. exports of goods and services. EXIM monitors credit and other transaction risks, reserves against losses, and submits quarterly reports to Congress on its default rate. If its default rate reaches 2%, EXIM faces an immediate lending cap freeze.
This bill exempts certain transactions from EXIM's default rate calculation, thereby allowing EXIM to provide financing to these U.S. exporters without the risk of reaching the default rate cap.
Specifically, the bill allows EXIM to exclude from the default rate cap any financing provided to U.S. exporters under the China and Transformational Exports Program. (This program allows EXIM to extend loans, guarantees, and insurance to advance the comparative leadership of the United States with respect to China in specified export areas, such as artificial intelligence, biotechnology, and wireless communications equipment.)
Additionally, the bill allows EXIM to exclude from the default rate cap any financing provided to U.S. exporters that are competing with products or services provided by (1) a foreign entity included on the Entity List maintained by the Department of Commerce's Bureau of Industry and Security (e.g., entities involved in activities contrary to U.S. national security or foreign policy interests), or (2) a foreign individual or entity sanctioned by the Department of the Treasury's Office of Foreign Assets Control.
