Strengthening Exports Against China Act

Key Points

• This bill changes the rules for the Export-Import Bank, which is a government agency that helps American companies sell their products in other countries. It focuses on how the bank tracks unpaid loans.
• Normally, if too many companies fail to pay back their loans, the bank has to stop or limit its lending. This bill says that certain unpaid loans will not count toward that limit if the money was used to compete with Chinese businesses.
• The plan helps American businesses take more risks when they are trying to win deals against Chinese companies that are often supported by the Chinese government. It specifically covers projects that replace products from Chinese firms on U.S. watchlists.
• By changing these math rules, the bank can keep providing loans and insurance to U.S. exporters even if some of the projects meant to counter China do not succeed.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.