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Senate Bill 4702
119th Congress(2025-2026)
China Subsidy Response and Export Competitiveness Act of 2026
Introduced
Introduced
Introduced in Senate on Jun 8, 2026
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Introduced in Senate 
Jun 8, 2026
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Introduced in Senate(Jun 8, 2026)
Jun 8, 2026
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S. 4702 (Introduced-in-Senate)


119th CONGRESS
2d Session
S. 4702


To amend the Export-Import Bank Act of 1945 to counter subsidies provided by the Government of the People's Republic of China, to protect critical United States industries, and to strengthen United States economic and national security competitiveness.

IN THE SENATE OF THE UNITED STATES

June 8, 2026

Mr. Gallego (for himself and Mr. Ricketts) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To amend the Export-Import Bank Act of 1945 to counter subsidies provided by the Government of the People's Republic of China, to protect critical United States industries, and to strengthen United States economic and national security competitiveness.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “China Subsidy Response and Export Competitiveness Act of 2026”.

SEC. 2. Guarantee coverage for domestic programs.

Section 2(c)(3)(B) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(c)(3)(B)) is amended by inserting “or in the United States” after “business”.

SEC. 3. Expansion of Program on China and Transformational Exports.

Section 2(l)(1) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(l)(1)) is amended—

(1) in subparagraph (A)—

(A) by striking “directly neutralize export subsidies” and inserting “neutralize subsidies”; and

(B) by striking “export credit” and inserting “credit”; and

(2) in subparagraph (B)—

(A) in the matter preceding clause (i), by striking “direct exports” and inserting “exports”;

(B) in clause (vii), by striking “and semiconductor machinery” and inserting “, semiconductor machinery, and printed circuit board”;

(C) by redesignating clause (xi) as clause (xii); and

(D) by inserting after clause (x) the following:

“(xi) Medical manufacturing.”.