US HB1615

Amends the Export-Import Bank Act of 1945 to exclude certain defaulted loans from the Bank's default rate calculation, which determines when lending caps apply

Defaults would be excluded when the Bank's financing helped replace or compete with products/services from entities on the Commerce Department's Entity List or Treasury's specially designated nationals and blocked persons list

Also excludes from default calculations entities where sanctioned persons hold at least 50% voting interest, directly or indirectly

Financing provided through the Program on China and Transformational Exports would similarly be excluded from default rate calculations

Introduced February 26, 2025 by Rep. Kim and Rep. Beatty, referred to the House Committee on Financial Services