Sponsors
The bill strengthens Ex‑Im's taxpayer protection and vetting by excluding applicants with collectible federal tax debts and using government data, while preserving a presidential waiver for urgent national interests — but it may reduce financing for some exporters, add administrative delays, and create risks of discretionary or uneven waiver use.
Taxpayers will face reduced financial risk because the Export‑Import Bank will avoid financing entities with large, collectible federal tax debts, lowering potential taxpayer exposure to losses.
Financial institutions and applicants will be vetted more accurately because the Bank will use SAM.gov records and consult the IRS to identify delinquent debtors, improving the quality of borrower screening.
Financial institutions and taxpayers retain flexibility for urgent foreign‑policy or economic needs because the President can waive the prohibition in cases of national interest, allowing critical transactions to proceed.
Small businesses and exporters may lose access to Ex‑Im financing because past tax issues could disqualify them, potentially reducing export opportunities and costing jobs.
Financial institutions and applicants could face slower approvals and higher administrative burden because the Bank must check SAM.gov and consult IRS data, lengthening processing times.
Taxpayers and businesses could see unequal treatment because the Presidential waiver introduces discretionary authority that might be used unpredictably or favor some firms.
Based on analysis of 1 section of legislative text.
Bars EXIM financing for applicants or project participants with federally collectible tax debt, requires SAM.gov/IRS checks, permits a presidential waiver with a 30-day report.
Prohibits the Export-Import Bank of the United States from providing financing to any applicant or project participant who has a “seriously delinquent tax debt.” The Bank must use SAM.gov data, analytic methods, and consult the IRS Commissioner to determine delinquency; certain tax relief arrangements and pending appeals are excluded. The President may waive the prohibition for urgent U.S. interests but must report the rationale to the Senate Banking Committee and House Financial Services Committee within 30 days.
Introduced April 15, 2026 by John Neely Kennedy · Last progress April 15, 2026