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
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.
Section 1. Short title
This Act may be cited as the China Subsidy Response and Export Competitiveness Act of 2026
.
Sec. 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
.
Sec. 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.