China Subsidy Response and Export Competitiveness Act of 2026
- Bill Number
- S. 4702
- Origin Chamber
- Senate
- Congress
- 119th Congress, Session 2
- Policy Area
- Foreign Trade and International Finance
- Status
- Introduced
- Latest Action
- 2026-06-08: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Last Updated
- 2026-06-30T21:34:31Z
AI-Generated Summary
Purpose This legislation aims to counter subsidies provided by the Government of the People's Republic of China, protect critical United States industries, and strengthen United States economic and national security competitiveness by amending the Export-Import Bank Act of 1945.
Key Provisions
- Establishes the short title as the "China Subsidy Response and Export Competitiveness Act of 2026."
- Expands guarantee coverage under the Export-Import Bank to include activities in the United States.
- Broadens the existing program focused on China and transformational exports by adjusting its scope and adding new sectors.
Significant Changes to Existing Law
- Amends Section 2(c)(3)(B) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(c)(3)(B)) to insert "or in the United States" after "business," extending coverage to domestic programs.
- Revises Section 2(l)(1) of the same Act (12 U.S.C. 635(l)(1)) as follows:
- Replaces "directly neutralize export subsidies" with "neutralize subsidies" and "export credit" with "credit."
- Changes "direct exports" to "exports."
- Adds "printed circuit board" to the list of covered items alongside semiconductors and machinery.
- Adds "Medical manufacturing" as a new category.
- Redesignates the existing clause (xi) as clause (xii).
Potential Impacts
- On government agencies: Expands the role and flexibility of the Export-Import Bank in supporting domestic and export activities.
- On citizens and industries: Provides enhanced financing support for critical sectors such as semiconductors, printed circuit boards, and medical manufacturing to address foreign competition.
- On international relations: Strengthens U.S. tools to respond to foreign subsidies, potentially affecting trade dynamics with China.
Main Stakeholders Affected
- The Export-Import Bank of the United States.
- U.S. businesses in transformational export sectors, including semiconductor and medical manufacturing industries.
- Policymakers in Congress and executive branch agencies involved in trade and national security.
Notable Legal, Constitutional, or Political Implications
- Represents a targeted update to existing export financing authority without creating new constitutional issues, as it builds directly on prior legislation.
- May influence U.S. trade policy by formalizing responses to foreign subsidies through an established federal bank.
This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.
Sponsor
Cosponsors (1)
Recent Actions
- 2026-06-08: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2026-06-08: Introduced in Senate
Bill Versions
- China Subsidy Response and Export Competitiveness Act of 2026 — issued 2026-06-08 — PDF (3 pages)