S. 4308 · Where this bill is now
In committee
Introduced in the Senate, Apr 15, 2026
What this bill does
In plain words · AI-written from the official summaryExport bank blocked from funding tax delinquents
This bill would stop the Export-Import Bank of the United States from giving financing to people who owe serious back taxes, or for projects where anyone involved owes serious back taxes. The President could get around this rule in rare cases by claiming urgent circumstances, but would have to explain the decision to Congress within 30 days.
How it affects you
This would mainly affect businesses and individuals who borrow from the Export-Import Bank. If they owe significantly delinquent taxes, they would no longer qualify for the bank's financing unless the President makes an exception and reports it to Congress.
Read the official summary (Introduced in Senate, Apr 15, 2026)
This bill prohibits the Export-Import Bank of the United States from providing financing to a person with seriously delinquent tax debt or for a project in which any participant has seriously delinquent tax debt.
The bill allows the President to waive this prohibition if the President (1) determines that there are urgent and compelling circumstances significantly affecting U.S. interests that require the financing to be provided; and (2) submits to Congress, within 30 days after making the determination, a report that includes the rationale for the determination and relevant supporting information.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
2nd SessionS. 4308
A BILL
A bill to prohibit the Export-Import Bank of the United States from providing financing to persons with seriously delinquent tax debt.
Sponsor: Sen. John Kennedy (R-LA) · Introduced Apr 15, 2026 · Foreign Trade and International Finance · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Apr 15, 2026: “Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.”