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Export-Import Bank financing blocked for seriously delinquent tax debtors.

This legislation prohibits the U.S. Export-Import Bank (Ex-Im Bank) from providing loans or guarantees to companies or individuals who owe significant, unpaid, and undisputed federal taxes. The goal is to prevent federal export promotion funds from supporting entities that are seriously delinquent on their tax obligations. This rule does not apply if the debt is being paid off through an agreement or is currently under appeal.
Key points
The Ex-Im Bank must deny financing to any person or project participant with seriously delinquent federal tax debt.
"Seriously delinquent debt" excludes taxes being paid in installments or debts currently subject to an appeal process.
The President retains the power to waive this restriction under urgent circumstances affecting U.S. national interests.
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Expired
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Additional Information
Print number: 118_S_1021
Sponsor: Sen. Braun, Mike [R-IN]
Process start date: 2023-03-29
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A bill to prohibit the Export-Import Bank of the United States from providing financing to persons with seriously delinquent tax debt.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_1021.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-29.

What are the main provisions?

Key points include:

  • The Ex-Im Bank must deny financing to any person or project participant with seriously delinquent federal tax debt.
  • "Seriously delinquent debt" excludes taxes being paid in installments or debts currently subject to an appeal process.
  • The President retains the power to waive this restriction under urgent circumstances affecting U.S. national interests.
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 Sen. Braun, Mike [R-IN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Taxes Economy Public Investments