The Export-Import Bank (Ex-Im Bank) is a federal agency that provides loans and loan guarantees to help American companies sell their products overseas. Under this bill, the Ex-Im Bank could no longer provide financing to any person or business with seriously delinquent federal tax debt — meaning unpaid taxes that the IRS has assessed and can collect through levy. Companies actively paying off tax debt through an IRS installment plan, or whose debt is under active legal appeal, would still be eligible. The President could grant a one-time waiver in urgent situations but would need to report the reasons to Congress within 30 days.
Transparency & Accountability
- Congressional notification for Ex-Im Bank waivers — President must submit written rationale to Congress within 30 days of granting a financing waiver
Congressional Summary
This bill prohibits the Export-Import Bank of the United States from providing financing to a person with seriously delinquent tax debt or for a project in which any participant has seriously delinquent tax debt.The bill allows the President to waive this prohibition if the President (1) determines that there are urgent and compelling circumstances significantly affecting U.S. interests that require the financing to be provided; and (2) submits to Congress, within 30 days after making the determination, a report that includes the rationale for the determination and relevant supporting information.
Details
- Congress
- 119th
- Chamber
- Senate
- Status
- summarized
- Action
- Introduced in Senate
- Action Date
- 2026-04-15
- Date Added
- 2026-05-01
- Source
- Congress.gov →
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