arrow_back Back to App

Boosting US Civil Nuclear Exports and Providing Federal Liability Coverage.

This law aims to enhance the global competitiveness of the US civil nuclear industry by expanding financial support from the Export-Import Bank (EXIM). It establishes a mechanism where the US Treasury (funded by taxpayers) may cover liability claims resulting from nuclear incidents at foreign facilities financed by EXIM. Additionally, the act allows EXIM to significantly increase its limit for high-risk lending dedicated to strategic export projects.
Key points
Eases restrictions on EXIM Bank financing for foreign civil nuclear facilities and technologies.
Establishes US taxpayer-backed financial coverage for nuclear accident liabilities at EXIM-supported foreign sites, up to a statutory maximum.
Increases EXIM's capacity for high-risk strategic lending (Program on China and Transformational Exports) by up to $50 billion above the standard cap.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_1928
Sponsor: Sen. Manchin, Joe, III [D-WV]
Process start date: 2023-06-12
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Civil Nuclear Export Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_1928.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-06-12.

What are the main provisions?

Key points include:

  • Eases restrictions on EXIM Bank financing for foreign civil nuclear facilities and technologies.
  • Establishes US taxpayer-backed financial coverage for nuclear accident liabilities at EXIM-supported foreign sites, up to a statutory maximum.
  • Increases EXIM's capacity for high-risk strategic lending (Program on China and Transformational Exports) by up to $50 billion above the standard cap.
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. Manchin, Joe, III [D-WV].

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

Economy Public Investments