S. 4702 — Introduced in Senate

II 119th CONGRESS 2d Session S. 4702 IN THE SENATE OF THE UNITED STATES June 8, 2026Mr. Gallego (for himself and Mr. Ricketts) 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 counter subsidies provided by the Government of the People's Republic of China, to protect critical United States industries, and to strengthen United States economic and national security competitiveness. 1. Short title This Act may be cited as the China Subsidy Response and Export Competitiveness Act of 2026. 2. Guarantee coverage for domestic programs Section 2(c)(3)(B) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(c)(3)(B)) is amended by inserting or in the United States after business. 3. Expansion of Program on China and Transformational Exports Section 2(l)(1) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(l)(1)) is amended— (1) in subparagraph (A)— (A) by striking directly neutralize export subsidies and inserting neutralize subsidies; and (B) by striking export credit and inserting credit; and (2) in subparagraph (B)— (A) in the matter preceding clause (i), by striking direct exports and inserting exports; (B) in clause (vii), by striking and semiconductor machinery and inserting , semiconductor machinery, and printed circuit board; (C) by redesignating clause (xi) as clause (xii); and (D) by inserting after clause (x) the following: (xi) Medical manufacturing. .