Strengthening Exports Against China Act

The Strengthening Exports Against China Act would modify how the Export-Import Bank (EXIM) operates to better support American businesses competing with Chinese companies. Currently, EXIM must freeze all lending if projects reach a two percent default rate. This bill would exclude certain export financing deals from that default rate calculation, specifically those involving the China and Transformational Exports Program and exports competing with Chinese goods or services. The targeted industries include artificial intelligence, semiconductors, critical mineral mining and processing, and other emerging technologies. If enacted, the bill would allow EXIM to provide more financing and insurance support to U.S. exporters in these sectors without triggering the lending freeze that currently limits the bank's ability to support riskier but innovative ventures. The bill is bipartisan and currently under consideration by the Senate Committee on Banking, Housing, and Urban Affairs.