Strengthening Exports Against China Act

TL;DR (AI)

• The bill amends the Export-Import Bank Act of 1945 to modify the calculation of the default rate, which determines when the lending cap applies.
• The amendment excludes certain financing from the default rate calculation, including financing that facilitates replacement or competition with products or services from entities on the Entity List or specially designated nationals.
• Financing provided under the Program on China and Transformational Exports is also excluded from the default rate calculation.