Advancing American Quantum Leadership Act of 2026
- Bill Number
- S. 4823
- Origin Chamber
- Senate
- Congress
- 119th Congress, Session 2
- Status
- Introduced
- Latest Action
- 2026-06-18: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Last Updated
- 2026-07-07T04:53:30Z
AI-Generated Summary
Purpose
This legislation aims to strengthen U.S. competitiveness in emerging technologies by expanding the Export-Import Bank's focus on areas that counter China's influence in global exports. It specifically broadens support for quantum-related fields through the existing Program on China and Transformational Exports.
Key Provisions
- Amends Section 2(l)(1)(B)(v) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(l)(1)(B)(v)).
- Replaces the term "Quantum computing" with "Quantum information science and technology" in the list of covered areas under the Program on China and Transformational Exports.
- The short title of the bill is the "Advancing American Quantum Leadership Act of 2026."
Significant Changes to Existing Law
- Updates the statutory language to encompass a wider range of quantum technologies beyond computing alone.
- This modification integrates quantum information science and technology into the Export-Import Bank's authority for financing and support activities targeted at transformational exports.
Potential Impacts
- On government agencies: Expands the operational scope of the Export-Import Bank, potentially increasing its involvement in financing projects related to quantum technologies.
- On citizens and businesses: May facilitate greater U.S. export opportunities in quantum fields, supporting domestic innovation and job creation in advanced technology sectors.
- On international relations: Enhances U.S. efforts to compete with China in critical technology areas, possibly influencing global supply chains and export strategies.
Main Stakeholders Affected
- The Export-Import Bank of the United States, as the primary agency implementing the program.
- U.S. companies and exporters in quantum information science and technology sectors.
- Foreign entities, particularly those in China, that may face increased U.S. competitive measures.
- Congressional committees, such as the Senate Committee on Banking, Housing, and Urban Affairs, responsible for oversight.
Notable Legal, Constitutional, or Political Implications
- The bill represents a targeted policy adjustment to existing export financing law without altering core constitutional authorities or creating new regulatory frameworks.
- It reflects ongoing legislative emphasis on technological leadership in national security and economic contexts, with potential for bipartisan support given its introduction by senators from both parties.
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
- 2026-06-18: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2026-06-18: Introduced in Senate
Bill Versions
- Advancing American Quantum Leadership Act of 2026 — issued 2026-06-18 — PDF (2 pages)