United States 119th Congress Status: In Committee Bipartisan · 1 D · 1 R cosponsors

S 753 — Strengthening Exports Against China Act

Last action — Committee on Banking, Housing, and Urban Affairs. Hearings held.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced February 26, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Advancing 34% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (1 D · 1 R) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Strengthening Exports Against China ActThis 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.

Bill Text

How this bill changes current law

8 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill amends the Export-Import Bank Act by excluding certain financing from the calculation of the default rate that triggers the lending cap.

  • 12 U.S.C. 635e(a)(3)

    If → (A) In general.--If

    The revised text clarifies the conditional statement beginning the paragraph.

  • 12 U.S.C. 635e(a)(3)

    (B) Exclusion of certain financing.--For purposes of this paragraph, the rate calculated under section 8(g)(1) shall not include an entity in default if the Bank determines that the financing provided to the entity--

    This addition establishes a new provision that allows for exclusions in calculating the default rate for certain financing.

  • 12 U.S.C. 635e(a)(3)

    (i) facilitates the replacement of or competition with a product or service provided by--

    This specifies one of the criteria for excluding certain financing from the default rate calculation.

  • 12 U.S.C. 635e(a)(3)

    (I) an entity on the Entity List maintained by the Bureau of Industry and Security of the Department of Commerce and set forth in Supplement No. 4 to part 744 of title 15, Code of Federal Regulations; or

    This identifies the first specific type of entity involved in the exclusion criteria.

  • 12 U.S.C. 635e(a)(3)

    (II) a person--

    This introduces a second type of entity in relation to the exclusion criteria.

  • 12 U.S.C. 635e(a)(3)

    (aa) on the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury; or

    This specifies further criteria under which financing may be excluded from the default rate calculation.

  • 12 U.S.C. 635e(a)(3)

    (bb) with respect to which one or more persons described in item (aa), individually or in the aggregate, directly or indirectly, hold at least 50 percent of the outstanding voting interest; or

    This adds another criterion concerning ownership interests related to the exclusion.

  • 12 U.S.C. 635e(a)(3)

    (ii) was provided pursuant to the Program on China and Transformational Exports established under section 2(l).

    This specifies additional financing that may qualify for exclusion in the default rate calculation.

Action History

  1. Committee on Banking, Housing, and Urban Affairs. Hearings held.

  2. Introduced in Senate

  3. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 545 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (545)

545 members have not signed on to this bill.

Show all 545 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

finance technology agriculture
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Frequently asked questions

What does S 753 do?
Strengthening Exports Against China ActThis 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.
Who sponsors S 753?
S 753 is sponsored by Cortez Masto, Catherine (Democratic) and Rounds, Mike (Republican).
What is the current status of S 753?
This bill is in committee in the Senate. Introduced February 26, 2025. It must pass committee before a floor vote.
Where can I track S 753?
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