S. 5254
Civil Nuclear Export Act of 2026
Sponsor: James E. Risch
1 cosponsor
Official summary
Written by the Congressional Research Service.
Civil Nuclear Export Act of 2026
This bill provides the Export-Import Bank with certain authorities to finance civil nuclear energy exports.
Specifically, the bill allows the Export-Import Bank to provide financing for the purchase of liquid metal fast breeder nuclear reactors and nuclear fuel reprocessing facilities if the purchase is otherwise permitted by law.
Additionally, the bill expands the China and Transformational Exports Program (CTEP) by making civil nuclear energy eligible for financing under the program. Currently, the bank may extend loans, guarantees, and insurance to advance the comparative leadership of the United States with respect to China in specified export areas (e.g., artificial intelligence, biotechnology, and wireless communications equipment). This bill expands those areas to include civil nuclear energy technologies, materials, services, and related infrastructure and goods.
The bill also revises the financial limitation on the outstanding aggregate amount of all of the bank's loans, guarantees, and insurance. In particular, the bill exempts those amounts attributed by the bank to CTEP, as long as that financing does not exceed a specified amount.
The bill also increases from 2% to 4% the bank's default rate cap. Further, the bill allows the bank to exclude financing under CTEP from this default rate, subject to approval of the bank's board of directors.
Text of the bill
Section 8(g) of the Export-Import Bank Act of 1945 (12 U.S.C. 635g(g)) is amended by adding at the end the following:
(7) Exclusion of transactions relating to the Program on China and Transformational Exports. For the purposes of this subsection, if financing provided under the Program on China and Transformational Exports pursuant to section 2(l) results in the default rate calculated under paragraph (1) equaling or exceeding 4 percent, the Bank may exclude such financing, subject to the approval of the Board of Directors.