ACE Nuclear Energy Act of 2026

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4228 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4228 To 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. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 26, 2026 Mr. McCormick (for himself and Mr. Kim) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``American Competitiveness for Exports in Nuclear Energy Act of 2026'' or the ``ACE Nuclear Energy Act of 2026''. SEC. 2. EXCLUSION OF CERTAIN FINANCING FROM CALCULATION OF DEFAULT RATE OF EXPORT-IMPORT BANK OF THE UNITED STATES. Section 8(g) of the Export-Import Bank of 1945 (12 U.S.C. 635g(g)) is amended by adding at the end the following: ``(7) Exclusion of certain financing.-- ``(A) In general.--The Bank shall exclude financing described in subparagraph (B) from the calculation of the default rate under paragraph (1). ``(B) Financing described.--Financing described in this subparagraph is financing provided-- ``(i) for a transaction relating to a civil nuclear facility, material, or technology; or ``(ii) pursuant to section 2(l).''. SEC. 3. CO