Sponsors (2)
The bill increases the Export-Import Bank's operational flexibility and perceived performance—by excluding certain financings from default metrics and allowing special pay for up to 100 positions—to support export financing and staffing, but it reduces transparency, raises risks to taxpayers, and creates employee rights and equity concerns.
Export-Import Bank borrowers and U.S. exporters: excluding civil nuclear and section 2(l) financings from default-rate calculations will make the Bank's portfolio look stronger and is likely to support continued or expanded financing for civil nuclear exports.
Congress, taxpayers, and the Bank: removing certain financings from default metrics will lower the Bank's reported default rate and improve perceived Bank performance, which can help justify continued lending operations.
Export-Import Bank operations and employees: allowing flexible pay for up to 100 positions helps recruit and retain specialized staff needed for the Bank's mission.
Taxpayers: lowering reported default rates by excluding certain financings could encourage riskier lending practices and increase potential future losses borne by taxpayers.
Congress and taxpayers: excluding civil nuclear and section 2(l) financings from default calculations may obscure true loan performance and reduce transparency and oversight of the Bank's portfolio.
Up to 100 Bank employees: permitting special pay authority could remove some civil service protections and standard title 5 pay rules for those positions.
Based on analysis of 3 sections of legislative text.
EXIM must exclude civil nuclear-related financings from its default-rate calculation and may pay up to 100 employees without regard to certain Title 5 provisions.
Official title: 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.
Introduced March 26, 2026 by David Harold McCormick · Last progress March 26, 2026
Excludes Export-Import Bank financing for civil nuclear projects from the Bank's default-rate calculations and gives the Bank authority to pay up to 100 employees without following certain Title 5 civil-service/pay rules. It also supplies an official short title for the Act. The changes narrow which loans count toward the Bank's reported default rate and expand the Bank's pay-flexibility for a limited number of staff.