S. 4228 — Introduced in Senate

II 119th CONGRESS 2d Session S. 4228 IN THE SENATE OF THE UNITED STATES March 26, 2026Mr. McCormick (for himself and Mr. Kim) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To amend the Export-Import Bank Act of 1945 to exclude certain financing from the default rate of the Export-Import Bank of the United States, to permit market-competitive compensation for certain employees of the Export-Import Bank of the United States, and for other purposes. 1. Short title This Act may be cited as the American Competitiveness for Exports in Nuclear Energy Act of 2026 or the ACE Nuclear Energy Act of 2026. 2. Exclusion of certain financing from calculation of default rate of Export-Import Bank of the United States Section 8(g) of the Export-Import Bank of 1945 (12 U.S.C. 635g(g)) is amended by adding at the end the following: (7) Exclusion of certain financing (A) In general The Bank shall exclude financing described in subparagraph (B) from the calculation of the default rate under paragraph (1). (B) Financing described Financing described in this subparagraph is financing provided— (i) for a transaction relating to a civil nuclear facility, material, or technology; or (ii) pursuant to section 2(l). . 3. Compensation of employees of Export-Import Bank of the United States Section 117 of the Export Enhancement Act of 1992 (Public Law 102–429; 12 U.S.C. 635a note) is amended to read as follows: 117. Compensation of employees The Board of Directors of the Export-Import Bank of the United States may compensate not more than 100 employees of the Bank without regard to the provisions of chapter 51 or subchapter III or VIII of chapter 53 of title 5, United States Code. .