Section 1 Short title
This Act may be cited as the “Civil Nuclear Export Act of 2026”.
Civil Nuclear Export Act of 2026
A BILL
To modify the prohibition on financing of civil nuclear energy by the Export-Import Bank of the United States, and for other purposes.
Sec. 2 Modification of prohibition on financing of nuclear facilities
Section 2(b)(5) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(b)(5)) is amended, in the first sentence, by inserting “, except any such purchase that is otherwise permitted under an agreement made in accordance with section 123 of the Atomic Energy Act of 1954 (42 U.S.C. 2153) or any other applicable law of the United States” after “reprocessing facility”.
Sec. 3 Expansion of Program on China and Transformational Exports
Section 2(l)(1)(B) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(l)(1)(B)) is amended—
by redesignating clause (xi) as clause (xii); and
by inserting after clause (x) the following:
“(xi) Civil nuclear energy technologies, materials, services, and related infrastructure and goods.”
Sec. 4 Modification of lending cap
Section 6(a) of the Export-Import Bank Act of 1945 (12 U.S.C. 635e(a)) is amended—
in paragraph (1), by striking “applicable amount.” and inserting “applicable amount, unless the aggregate amount that is in excess of the applicable amount—
“(A) is attributed by the Bank to loans, guarantees, and insurance under the Program on China and Transformational Exports pursuant to section 2(l); and
“(B) does not exceed $50,000,000,000.”
in paragraph (3)—
in the header, by striking “2” and inserting “4”; and
by striking “2 percent” each place it appears and inserting “4 percent”; and
by adding at the end the following:
“(5) Authority to attribute loans, guarantees, and insurance—The Bank may attribute any loan, guarantee, or insurance issued under the Program on China and Transformational Exports pursuant to section 2(l) toward the aggregate amount that is in excess of the applicable amount described in paragraph (1) without regard to the date on which the Bank issued such loan, guarantee, or insurance.”
Sec. 5 Modification of monitoring of default rates
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.”