S. 4702

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4702 Introduced in Senate (IS)]

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119th CONGRESS
2d Session
S. 4702

To amend the Export-Import Bank Act of 1945 to counter subsidies 
provided by the Government of the People's Republic of China, to 
protect critical United States industries, and to strengthen United 
States economic and national security competitiveness.

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

June 8, 2026

Mr. Gallego (for himself and Mr. Ricketts) 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 counter subsidies 
provided by the Government of the People's Republic of China, to 
protect critical United States industries, and to strengthen United 
States economic and national security competitiveness.

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 ``China Subsidy Response and Export 
Competitiveness Act of 2026''.

SEC. 2. GUARANTEE COVERAGE FOR DOMESTIC PROGRAMS.

Section 2(c)(3)(B) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635(c)(3)(B)) is amended by inserting ``or in the United States'' after 
``business''.

SEC. 3. EXPANSION OF PROGRAM ON CHINA AND TRANSFORMATIONAL EXPORTS.

Section 2(l)(1) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635(l)(1)) is amended--
(1) in subparagraph (A)--
(A) by striking ``directly neutralize export 
subsidies'' and inserting ``neutralize subsidies''; and
(B) by striking ``export credit'' and inserting 
``credit''; and
(2) in subparagraph (B)--
(A) in the matter preceding clause (i), by striking 
``direct exports'' and inserting ``exports'';
(B) in clause (vii), by striking ``and 
semiconductor machinery'' and inserting ``, 
semiconductor machinery, and printed circuit board'';
(C) by redesignating clause (xi) as clause (xii); 
and
(D) by inserting after clause (x) the following:
``(xi) Medical manufacturing.''.
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