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S. 4308119th CongressIn committeeLatest action Apr 15, 2026Decoded by AI · checked against the record
Official title: A bill to prohibit the Export-Import Bank of the United States from providing financing to persons with seriously delinquent tax debt.
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
The Export-Import Bank could not give financing to anyone who owes seriously overdue federal taxes.
50-second read · 4 questions answered below
This bill would bar the Export-Import Bank from offering loans, loan guarantees, or other financial support to people or businesses with seriously overdue federal tax debt. The ban would also apply to any project where even one participant owes such a debt. Exceptions exist for people on a repayment plan, those with an active legal appeal, or those already having wages garnished to pay the debt.
Any individual, company, or other participant seeking Export-Import Bank financing who has an unpaid federal tax bill the IRS has assessed and can legally collect would be affected. The President could override the ban in specific situations by determining urgent circumstances affect U.S. interests and reporting that reasoning to Congress within 30 days.
People or businesses with seriously delinquent tax debt would lose access to Export-Import Bank financing unless they qualify for an exception. Projects could also be blocked if any single participant in that project carries such a tax debt.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.