HR10196-118

Introduced

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.

118th Congress Introduced Nov 21, 2024

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill changes how the Export-Import Bank calculates its default rate, which is used to determine whether the Bank has hit its lending cap. Specifically, it allows the Bank to exclude defaults on loans that were made to help American companies compete with Chinese entities on U.S. sanctions lists, or loans made under the Banks China and Transformational Exports program.

Who Benefits and How

U.S. exporters competing against Chinese companies benefit because the Export-Import Bank can continue lending to them even if some of those loans default, without those defaults counting toward the cap that would otherwise restrict the Banks lending. The broader U.S. economy may benefit from increased competitiveness against sanctioned Chinese entities.

Who Bears the Burden and How

U.S. taxpayers bear the risk because the government is essentially allowing the Export-Import Bank to take on higher default rates without triggering the usual lending restrictions. If these riskier loans fail at high rates, taxpayers could be on the hook for greater losses.

Key Provisions

  • Excludes from the default rate calculation any loans where the financed entity competes with or replaces products from entities on the Bureau of Industry and Security Entity List
  • Also excludes defaults on loans involving persons on the Treasury Departments specially designated nationals and blocked persons list, or entities 50% or more owned by such persons
  • Excludes defaults on financing provided under the Program on China and Transformational Exports

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

Amends the Export-Import Bank Act to exclude certain China-related export financing from the default rate calculation that triggers lending caps.

Key Policy Areas

Trade, National Security, Finance

Primary Purpose

Amends the Export-Import Bank Act to exclude certain China-related export financing from the default rate calculation that triggers lending caps.

Policy Domains

Trade National Security Finance

Whole Bill

Identified Gains
  • U.S. exporters competing with Chinese entities
  • Export-Import Bank
Model: N/A | Version: bill_summary_v2 | Source: ih
Export-Import Bank:
U.S. exporters competing with Chinese entities:
Identified Costs
  • U.S. taxpayers
Model: N/A | Version: bill_summary_v2 | Source: ih
U.S. taxpayers:

Legislative Progress

Introduced
Introduced Committee Passed
Nov 21, 2024

Mrs. Kim of California (for herself and Mrs. Beatty) introduced …

Stakeholder Effects

cui bono?

How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.

Government
1 mention across 1 clause
+1 positive

Export-Import Bank

Trade
1 mention across 1 clause
+1 positive

US exporters competing with Chinese companies

2/2
sections analyzed
Full impact breakdown

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Trade National Security Finance

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology