Bill bars Ex-Im Bank aid to tax delinquent businesses
In committeeS. 4308Latest action
Sponsor: John Kennedy · Senator · LA
AIDecoded by AI · checked against the recordRead the official text
Official title: A bill to prohibit the Export-Import Bank of the United States from providing financing to persons with seriously delinquent tax debt.
119th Congress
Topics: Security & foreign affairs
Introduced:
Read the official bill on Congress.govIn plain words
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The Export-Import Bank could not give financing to anyone who owes seriously overdue federal taxes.
50-second read · 4 questions answered below
What does this do?
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.
Who does it affect?
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.
Why does it matter?
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.
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Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedApr 15, 2026
- Senate committeeYou are here · Apr 15, 2026
- Senate vote
- House
- The president's desk
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.