Bill · H.R. 1615· House(119-HR-1615)
Strengthening Exports Against China Act
- Introduced
- 2/26/2025
- Last activity
- 2/26/2025 — Referred to the House Committee on Financial Services.
- Sponsored by
- Young Kim
- Cosponsors
- - 1 - 1
- Introduced
- In Committee
What this bill would do
This bill, known as the "Strengthening Exports Against China Act," proposes to amend the Export-Import Bank Act of 1945. The primary goal is to exclude certain financing from the calculation of the default rate used to determine when the lending cap applies. Specifically, it targets financing that helps replace or compete with products or services from entities on specific restricted lists or persons designated by the government. It also includes financing provided under the Program on China and Transformational Exports.
Yes· 3 of 5
Is this likely to create jobs?+3
By preventing the lending cap from being reached as quickly, the bill allows for continued financing of competitive exports which can support domestic job growth.
Would business owners be better off under this?+3
The expansion of available financing through the Export-Import Bank can benefit domestic business owners engaged in global trade.
Does this make trade with other countries easier?+3
The bill uses financial tools to challenge the market position of specific restricted foreign entities.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Exclusion of certain financing from default rate calculations: Under Section 2, the Bank can exclude an entity in default from the rate calculation if the financing facilitates competition with entities on the Entity List or specific persons on the OFAC list. This could allow the Bank to continue supporting financing that challenges restricted foreign entities without hitting the lending cap as quickly.
-
Support for specific programs: Under Section 2, financing provided through the Program on China and Transformsational Exports would be excluded from the default rate calculation. This ensures that specific strategic programs can continue to function even if default rates rise.
Potential Negative Impacts for People
- No specific negative impacts are mentioned in the text: The provided text focuses on the mechanisms for excluding financing from the default rate calculation to assist specific trade and competition goals, but it does not explicitly list any negative consequences or burdens.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Increases Job Creation+3Improves Economic Growth+2
- Demographic And Interest Groups
- Good For Business Owners+3Good For Urban Residents+1
- National Security And Foreign Policy
- Improves International Trade+3
- 6/3/2025
- 1 Cosponsor added.
- 2/26/2025
- Referred to the House Committee on Financial Services.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Joyce BeattyDemocrat · Ohio
Brian FitzpatrickRepublican · Pennsylvania