This bill modifies restrictions on the Export-Import Bank's ability to finance civil nuclear energy projects. Specifically, it removes the ban on the bank financing nuclear facilities when such financing complies with U.S. nuclear nonproliferation agreements and laws, and it adds civil nuclear technologies to the bank's list of strategic exports it can prioritize in competition with China. The legislation also increases the bank's lending cap by $50 billion specifically for its China competitiveness program and raises the acceptable default rate threshold for loans under that program from 2 percent to 4 percent. The changes take effect upon enactment and would allow the Export-Import Bank to use federal financing as a tool to support American nuclear technology exports globally while competing with other nations' export financing programs.
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