Strengthening Exports Against China Act amends the Export-Import Bank Act to exclude certain financing from the default rate calculation.
The Strengthening Exports Against China Act amends the Export-Import Bank Act of 1945 to exclude certain financing from the calculation of the default rate for determining when the lending cap applies. Specifically, it excludes financing that facilitates the replacement of or competition with products or services provided by entities on the Entity List or specially designated nationals and blocked persons. This change aims to support U.S. exports by adjusting the criteria for the lending cap.
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