119th Congress
S. 5254: Civil Nuclear Export Act of 2026
A bill to modify the prohibition on financing of civil nuclear energy by the Export-Import Bank of the United States, and for other purposes.
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill provides the Export-Import Bank with certain authorities to finance civil nuclear energy exports.
Specifically, the bill allows the Export-Import Bank to provide financing for the purchase of liquid metal fast breeder nuclear reactors and nuclear fuel reprocessing facilities if the purchase is otherwise permitted by law.
Additionally, the bill expands the China and Transformational Exports Program (CTEP) by making civil nuclear energy eligible for financing under the program. Currently, the bank may extend loans, guarantees, and insurance to advance the comparative leadership of the United States with respect to China in specified export areas (e.g., artificial intelligence, biotechnology, and wireless communications equipment). This bill expands those areas to include civil nuclear energy technologies, materials, services, and related infrastructure and goods.
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The bill also revises the financial limitation on the outstanding aggregate amount of all of the bank's loans, guarantees, and insurance. In particular, the bill exempts those amounts attributed by the bank to CTEP, as long as that financing does not exceed a specified amount.
The bill also increases from 2% to 4% the bank's default rate cap. Further, the bill allows the bank to exclude financing under CTEP from this default rate, subject to approval of the bank's board of directors.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Mark Warner D-VAOriginal
Who scored on this bill
- 1James Risch SponsorDrew cross-party cosponsors, introduced2 events+6
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History
- Introduced in the Senate by James Risch.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.