S. 4702

119 S4702 IS: China Subsidy Response and Export Competitiveness Act of 2026
 U.S. Senate
 2026-06-08
 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. 4702  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.
1.
Short title
This Act may be cited as the   China Subsidy Response and Export Competitiveness Act of 2026  .
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 .
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.
 .