Sponsor
John Neely Kennedy
Senator · R-LA
Senator · R-LA
The bill reduces taxpayer risk and improves vetting by barring Ex‑Im support for entities with collectible federal tax debts while preserving a Presidential waiver for urgent national‑interest deals — a trade‑off between tighter fiscal safeguards and the potential loss of export financing, added administrative friction, and discretionary waiver risks.
Taxpayers face lower exposure to financing risk because the Export-Import Bank will avoid funding entities with large, collectible federal tax debts.
Financial institutions and borrowers benefit from more accurate borrower vetting because the Bank must use SAM.gov data and consult the IRS to identify delinquent debtors.
Financial institutions and taxpayers retain flexibility for urgent national-interest financing because the President may waive the restriction when necessary for critical foreign‑policy or economic needs.
Small businesses and middle‑class workers may lose Export‑Import Bank financing due to past tax issues, potentially reducing export opportunities and costing jobs.
Applicants and the Bank could face delays and added administrative burden from required checks of SAM.gov and IRS data, slowing approvals.
Taxpayers and firms may face unequal treatment because the Presidential waiver can be used unpredictably and could favor some companies over others.
Based on analysis of 1 section of legislative text.
Bars EXIM financing for persons or project participants with federally collectible delinquent tax debt, with specified exceptions and a presidential waiver for urgent U.S. interests.
Official title: Prohibit the Export-Import Bank of the United States from providing financing to persons with seriously delinquent tax debt.
Introduced April 15, 2026 by John Neely Kennedy · Last progress April 15, 2026
Prohibits the Export-Import Bank (EXIM) from providing financing to any person or project participant who has a "seriously delinquent tax debt" as defined in the bill, and requires EXIM to determine delinquency using SAM.gov data, other analytics, and consultation with the IRS Commissioner. The President may waive the prohibition for urgent and compelling U.S. interests but must notify the relevant congressional committees within 30 days explaining the waiver. The bill spells out what counts as "seriously delinquent tax debt," excluding debts under certain installment agreements, approved settlements, pending Collection Due Process hearings, certain relief requests, and specific levy situations. It creates an eligibility restriction for EXIM assistance tied to federal tax-collection status and sets procedural rules for determinations and waivers.