Federal SB4308 prohibits the Export-Import Bank from financing persons with seriously delinquent tax debt.
Federal SB4308 amends the Export-Import Bank Act to prohibit the Export-Import Bank of the United States from providing financing to any person with seriously delinquent tax debt or for any project involving such a person. The bill defines "seriously delinquent tax debt" as a federal tax liability assessed by the Secretary of the Treasury that may be collected by levy or court proceeding. The bank must use information from the System for Award Management and consult with the Commissioner of Internal Revenue to determine if a person has such debt.
The filed bill text is too short for analysis.