Bill · S. 4308· Senate(119-S-4308)
A bill to prohibit the Export-Import Bank of the United States from providing financing to persons with seriously delinquent tax debt.
- Introduced
- 4/15/2026
- Last activity
- 4/15/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- John Kennedy
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill aims to prevent the Export-Import Bank of the United States from providing financing to individuals or entities with seriously delinquent tax debt. It prohibits financing for any person or any project where a participant has such debt. The Bank is tasked with determining debt status using the System for Award Management and by consulting with the Commissioner of Internal Revenue. The President has the authority to waive this prohibition under urgent and compelling circumstances. If a waiver is granted, the President must submit a report to specific Senate and House committees.
Yes· 3 of 4
Does this give the federal government more power?+2
The bill expands federal oversight by requiring the Bank to coordinate with the Internal Revenue Service to verify tax status.
Does this make the government pay for what it commits to?+2
The bill promotes fiscal responsibility by ensuring government-backed financing is not extended to individuals or entities failing to meet their tax obligations.
Does this make what the government does easier for the public to see?+1
The bill requires the President to submit formal reports to Congressional committees when issuing waivers.
The opposite
Would business owners be better off under this?-3
Business owners with delinquent tax debts will lose access to Export-Import Bank financing.
Does this make it easier to run a small business?-3
The bill may reduce access to financing for businesses or projects if any participant has delinquent tax debt.
Does this make trade with other countries easier?-2
The bill could potentially hinder international trade activities if the involved entities have delinquent tax debts.
Who it would affect, and how
Potential Positive Impacts for People
- Prevention of financing for those with tax debt: The bill prohibits the Bank from providing financing to any person or project where a participant has seriously delinquent tax debt (Section 1, paragraph (m)(1)). This ensures that government-backed financing is not provided to those who owe significant Federal tax liabilities.
Potential Negative Impacts for People
-
Restrictions on project participation: A project can be denied financing if any person participating in that project has seriously delinquent tax debt (Section 1, paragraph (m)(1)). This could impact larger projects involving multiple participants.
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Potential for presidential discretion: The President may waive the financing prohibition if they determine there are urgent and compelling circumstances affecting the interests of the United States (Section 1, paragraph (m)(3)(A)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners-3
- Governance And Ideology
- Increases Federal Power+2Improves Government Transparency+1
- National Security And Foreign Policy
- Improves International Trade-2
- Economy And Finance
- Improves Fiscal Responsibility+2Increases Wealthy Taxes+1Improves Small Business Support-3
- 4/15/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate