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Boosting US nuclear exports: new financing and liability coverage for foreign projects.

This Act expands the powers of the US Export-Import Bank (EXIM) to finance the export and development of civil nuclear reactors abroad, aiming to support the US nuclear industry and enhance global competitiveness. A major change commits the US Treasury to cover nuclear damage claims resulting from incidents at EXIM-supported facilities, shifting potential financial risk to taxpayers while ensuring liability coverage up to statutory limits.
Key points
EXIM Bank is now explicitly authorized to finance the export of US civil nuclear reactors, supporting domestic jobs and technology.
The US Treasury will cover liability claims resulting from nuclear incidents at EXIM-backed facilities abroad, up to a maximum statutory amount.
The EXIM Bank's overall lending capacity is increased by $50 billion specifically for strategic exports, including nuclear technology, to compete with rivals like China.
The default rate threshold for EXIM monitoring is raised from 2% to 4%, allowing the Bank more flexibility for high-risk, strategic financing.
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Additional Information
Print number: 118_HR_10323
Sponsor: Rep. Nickel, Wiley [D-NC-13]
Process start date: 2024-12-06
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OFFICIAL LEGAL TITLE

Civil Nuclear Export Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10323.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-12-06.

What are the main provisions?

Key points include:

  • EXIM Bank is now explicitly authorized to finance the export of US civil nuclear reactors, supporting domestic jobs and technology.
  • The US Treasury will cover liability claims resulting from nuclear incidents at EXIM-backed facilities abroad, up to a maximum statutory amount.
  • The EXIM Bank's overall lending capacity is increased by $50 billion specifically for strategic exports, including nuclear technology, to compete with rivals like China.
  • The default rate threshold for EXIM monitoring is raised from 2% to 4%, allowing the Bank more flexibility for high-risk, strategic financing.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Nickel, Wiley [D-NC-13].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

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Economy Public Investments