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S. 4228

U.S. Senate•In Senate Committee

Summary

S. 4228, the ACE Nuclear Energy Act of 2026, was introduced in the Senate on Mar 26, 2026 by Sen. David McCormick (R) with 1 co-sponsor. It was referred to Banking, Housing, And Urban Affairs, and last saw action on Mar 26, 2026: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Record

Text

S. 4228 has 1 co-sponsor.

sb4228/introduced-in-senate.txt
102 S4228 IS: American Competitiveness for Exports in Nuclear Energy Act of 2026
 U.S. Senate
 2026-03-26
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  2d Session  S. 4228  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.
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  .
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).
 .
3.
Compensation of employees of Export-Import Bank of the United States
Section 117 of the Export Enhancement Act of 1992 ( Public Law 102–429 ;  12 U.S.C. 635a  note) is amended to read as follows:
117.
Compensation of employees
The Board of Directors of the Export-Import Bank of the United States may compensate not more than 100 employees of the Bank without regard to the provisions of chapter 51 or subchapter III or VIII of  chapter 53  of title 5, United States Code.
 .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2026-03-26
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

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.

Sponsors

Sen. David McCormick (R) sponsors S. 4228, and 1 member has co-sponsored it from the day it was introduced.

Committees

S. 4228 went before 1 committee: Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs
Banking, Housing, and Urban Affairs
Referred To · Mar 26, 2026 · 465 Bills

Actions

S. 4228 has taken 2 actions since Mar 26, 2026.

ChamberAction
Mar 26, 2026
Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Banking, Housing, and Urban Affairs Committee
Mar 26, 2026
—
Introduced in Senate

Votes

S. 4228 has not gone to a roll call.

Titles

S. 4228 goes by 4 titles, 2 of them short titles.

  • ACE Nuclear Energy Act of 2026 — Display Title
  • ACE Nuclear Energy Act of 2026 — Short Title(s) as Introduced
  • American Competitiveness for Exports in Nuclear Energy Act of 2026 — Short Title(s) as Introduced
  • 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. — Official Title as Introduced

Classification

The Congressional Research Service files S. 4228 under Foreign Trade and International Finance, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 4228’s is Foreign Trade and International Finance.

s4228/policy-areas.txt
Foreign Trade and International FinanceAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com