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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 10196 Introduced in House (IH)]

<DOC>

118th CONGRESS
  2d Session
                               H. R. 10196

    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.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                           November 21, 2024

  Mrs. Kim of California (for herself and Mrs. Beatty) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL

 
    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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Strengthening Exports Against China 
Act''.

SEC. 2. EXCLUSION OF CERTAIN FINANCING.

    Section 6(a)(3) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635e(a)(3)) is amended--
            (1) by striking ``If'' and inserting the following:
                    ``(A) In general.--If''; and
            (2) by adding at the end the following:
                    ``(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--
                            ``(i) facilitates the replacement of or 
                        competition with a product or service provided 
                        by--
                                    ``(I) an entity on the Entity List 
                                of the Bureau of Industry and Security 
                                described under section 744.16 of title 
                                15, Code of Federal Regulations; or
                                    ``(II) a person--
                                            ``(aa) on the list of 
                                        specially designated nationals 
                                        and blocked persons maintained 
                                        by the Office of Foreign Asset 
                                        Control of the Department of 
                                        the Treasury; or
                                            ``(bb) with respect to 
                                        which one or more persons 
                                        described under subclause (I), 
                                        individually or in the 
                                        aggregate, directly or 
                                        indirectly, hold at least 50 
                                        percent of the outstanding 
                                        voting interest; or
                            ``(ii) was provided pursuant to the Program 
                        on China and Transformational Exports 
                        established under section 2(l).''.
                                 <all>
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